May 05, 2014, 11:02 ET
RAGE Frameworks announces launch of transformational Wealth Management platform, at IMCA-2014 Annual Conference, Boston
WESTWOOD, Mass., May 5, 2014 /PRNewswire/ — RAGE Frameworks, a provider of technology enabled solutions and services, announced the launch of its flexible Wealth Management platform, LiveWealthTM, at the IMCA-2014 Annual Conference, May 4-7, at the Hynes Convention Center, Boston, MA.
LiveWealthTM is a full featured end to end framework-based Wealth Management platform, from data aggregation to powerful analytics and performance reporting, already delivering transformational value in large wire houses and advisory offices. LiveWealthTM is now available to Wealth Management firms and Financial Advisors, who can leverage a single platform across market segments.
With clients electing to spread assets across multiple institutions, the Financial Advisor’s ability to collect accurate, timely data and provide holistic advice and manage client experience from strategy to outcome is becoming more challenging than ever before. LiveWealthTM provides the service and the technology to efficiently collect client financial data, ensure its integrity, and empower the Advisor to create flexible client-ready analysis.
Bringing millions of rows of data from hundreds of sources, in as many unique forms and formats in to common, normalized format is perhaps the most inefficient, error prone, non-scalable and compliance-exposed part of the Performance Reporting lifecycle. LiveWealthTM provides automated, multi-custodian data aggregation and automated normalization.
Relating a recent implementation experience at a global Wealth Management firm, Jim DeWaele, SVP of RAGE LiveWealthTM said, “Client Reporting cycle time was brought down from 45 days [after quarter-end] to same-day or on-demand, thereby completely transforming both Client and Financial Advisor experience. Further successful results included reducing operating costs by 75 percent and institutionalizing compliance across the enterprise.” DeWaele continued, “Since our Performance Reporting solution is always ‘live’ modifications are made in real-time. We service customer segments from institutional clients, ultra high net worth to mid-tier clients, all on a single platform, tailored to meet their needs specifically.”
RAGE LiveWealth™ is a full featured end to end Wealth Management Service, designed to enable the Wealth Management firm and the Financial Advisor to drive client experience to a whole new level, economically and rapidly, without disrupting existing internal IT infrastructure. It comes with a fully automated Data Aggregation Engine, aggregating data from all US and most major international custodians. LiveWealth™ Portfolio Analytics Engine provides dynamic rebalancing and attribution with a rich pallet of analytical tools. It also includes Ex-Post and Ex-Ante performance modeling, multi-asset classification, benchmark comparisons, portfolio and security level analysis. Learn more about RAGE LiveWealthTM at: http://www.rageframeworks.com/livewealth/
About RAGE Frameworks, Inc.
RAGE Frameworks Inc. provides Business Process Automation and Semantic Intelligence solutions and products with a mission of bringing unprecedented Speed, Flexibility and Insight in solving the most complex and mission critical enterprise business problems. To learn more about RAGE please visit http://www.rageframeworks.com/