Wealth Management CRM Software

What Makes A Good Wealth Management CRM?

If you manage money for clients, you know how important it is to have a wealth management CRM (Customer Relationship Manager). With one of these programs, you can manage client finances, track their investments, and communicate with them easily online. Here’s why you need a wealth management CRM, and which ones are worth considering.

Multiple platforms: These days, there are a variety of platforms available to choose from. Some are designed specifically for wealth managers, and some are meant for general business. Regardless of which platform you choose, you’ll need a program that lets you manage your clients’ accounts on multiple platforms such as mobile phones, tablets, computers, and desktops.

Accounts overview: Every account you manage needs to have its own page where you can monitor key financial information. You need to see up-to-date statements, balances, and transaction history.

Automatic investment tracking: To help you manage your clients‘ investment portfolios, you’ll likely want to set up automatic portfolio updates. This means you won’t have to manually update your clients‘ portfolios every day or week, saving you time and effort.

Email integration: Email is still the primary method of communication used by wealth managers today. It’s important to integrate email into your wealth management CRM so you can send messages directly from within the system. You can also create automated emails to send reminders, provide reports, and more.

Online chat: Online chat helps you reach out to your clients via instant messaging. You can send messages back and forth to resolve issues or questions, or simply check in on them to see how they’re doing.

Task management: Managing your workload is critical to keeping your stress levels down and ensuring you get everything done in a timely manner. Having a wealth management CRM with task management enables you to better prioritize tasks, plan ahead, and automate repetitive processes.

Client reporting: Client reporting gives you a birds-eye view of all of the activity happening in your clients‘ accounts. You can quickly identify potential problems before they become big issues.

Mobile accessibility: Mobile accessibility is becoming increasingly important for any service provider. Today, nearly half of all online transactions are made through smartphones and tablets. That number is expected to continue growing over the next few years. Make sure your wealth management CRM is accessible from anywhere at anytime.

What Is Wealth Management CRM Software Wealth Management CRM is the core of any wealth management business. It helps you keep track of all your clients' financial information, so you can provide them with the best possible service.