If you manage or own a financial advisory firm; or if you are running a financial institution with financial advisory as one of your business segments you should be reading this article.

Lets start by specifying some of your greatest pains with regards to your financial advisors.

Now, lets address one by one and look at how I think technology can offer a solution to each one of them.

Lack of productivity

The absolute greatest challenge for a financial advisor is how to leverage their time and this is one segment where technology really can help.

A great example of this is the effort by Danske Bank to start offering eMeetings. By utilising technology in the advisory process you could have customers pre-fill a lot of the questionnaires which you need in order to conduct the advisory process. The advisory tool could then present a few default packages based on the economic situation of the customer in relation to their risk appetite.

A simplified advisory process could look like this:

  1. Book a meeting
  2. Send an electronic information collection form to the customer
  3. Automatically compute received information to arrive at advisory packages
  4. Review advice live with the customer through a web presentation

Fulfilling regulatory requirements

As a manager or owner of a financial advisory business you can never be absolutely sure that your advisors are fulfilling all of their regulatory requirements unless you have a strict technical process in place. Using a customer acquisition software service you could configure the process ad-hoc and get some ease of mind while at the same time increasing productivity.

Verifying advisory process

To build company value as a financial advisor you have to be able to measure the effectiveness of your advisory process while at the same time being able to replicate it throughout your whole staff of advisors.

You constantly have to develop and adapt your process to the changing needs of your customers and the global environment. By utilising an integrated cloud based solution you could constantly configure your process and measure the results for both your advisors and your end customers.

Bricknode has embarked on the journey of working with financial advisors in order to create scalable value and increase competitiveness among small and mid-sized advisors. Please give us feedback on our Advisory module and Customer acquisition module!

Bricknode has joined the likes of SAP, MetLife and numerous other industry leaders who have migrated to MongoDB!

Why did we do it? Well, MongoDB offers unparalleled possibilities for us with regards to scalability, security and future expansion. Our attitude has always been that the database is something that “just should work” and offer the highest performance possible in order for us as a company to focus on delivering great solutions to our customers problems.

Migrating to a new database is very often a long and cumbersome process if at all possible but the team at Bricknode accomplished this with great speed thanks to the dynamic framework of the system.

Take a moment to read the great White Paper which has been assembled by Erik Ekblom by clicking here.

frontsmall_migratingtomongodb

Bricknode releases Front End 2.0

Bricknode introduces
Front End 2.0 within Bricknode Financial Systems which is a complete new
version of its end customer module. Within Bricknode Financial Systems brokers
and financial institutions can operate their businesses across multiple assets
to distribute great products to end customers.

STOCKHOLM, Jan. 14, 2014

Bricknode has announced the official release of its Front
End 2.0 within Bricknode Financial Systems which is a big step towards
improving the value for end customers. The new Front End offers numerous
benefits to the end user like aggregated portfolio and account views in real
time, exposure reports and performance measures together with customer
communication.

Through the new Front End licensees of Bricknode Financial
Systems can distribute their products even more effectively and cater to their
clients needs.

“I am very excited with regards to the new Front End release
of Bricknode Financial Systems. The Front End offers the best benefits of
online banking combined with online brokerage. This is yet another example of
how quickly new module releases can be assembled using the revolutionary
technological framework of BFS in the cloud.” said Stefan Willebrand, Executive
Chairman of Bricknode.

To read a detailed guide for Front End 2.0 please visit the
Knowledgebase at: https://bricknode.zendesk.com/hc/en-us/articles/201605523.

To request a free trial or demo, please visit http://www.bricknode.com

Bricknode is a young innovative company focusing on financial software. Our mission is to empower our business partners to deliver the best financial products to their end customers and partners in the most efficient way possible.

Bricknode Financial Systems is a cloud-based platform, which makes it possible for securities firms and other financial institutions to establish themselves online.

Bricknode Financial Systems introduces unique insurance module within cloud platform

With the introduction
of the insurance module within the complete brokerage platform Bricknode continues
to deliver a unique offering. Within Bricknode Financial Systems brokers and
financial institutions can operate their businesses across multiple assets to
distribute great products to end customers.

STOCKHOLM, Jan. 9, 2014

Bricknode today announced the official launch of its insurance module
within Bricknode Financial Systems. The module offers complete support for Insurance
Intermediaries
and Insurance
Agents
as an end-to-end solution for functions like customer management,
sales, reconciliation and managing cash flows. Bricknode partners will now be
able to offer their end customers even more value within the same whole online
solution.

A unique feature of Bricknode Financial Systems (BFS) is the
possibility for partners to exchange services which each other in a seamless
way. For example, an organizer of structured products can distribute these
instruments to other platform users or sell and distribute services like feeds
or execution. Utilizing this framework, platform users will be able to quickly
sign up with insurance providers who are already available in BFS to reach a
short time to market.

“I am thrilled that Bricknode as one of the first providers
is able to introduce insurance management into a complete financial securities
system in the cloud. We see great demand globally within this segment of the
financial industry and this sets the stage for future innovative developments.”
said Stefan Willebrand, Executive Chairman of Bricknode.

To request a free trial or demo, please visit http://www.bricknode.com

Contact information
Stefan Willebrand, Executive Chairman
Bricknode AB
stefan@bricknode.com

Bricknode is a young innovative company focusing on financial software. Our mission is to empower our business partners to deliver the best financial products to their end customers and partners in the most efficient way possible.

Bricknode Financial Systems is a cloud-based platform, which makes it possible for securities firms and other financial institutions to establish themselves online.