5 Best Investment Manager Software Platforms

1
5 Best Investment Manager Software Platforms
2

• Investment management is a highly specialized
  field and requires specialized investment
  management software to help RIAs perform
  investment management activities efficiently. The
  process of determining the best investment
  software is very time-consuming, there are just
  too many options out there. If you end up
  implementing a platform that is incompatible with
  your firms unique processes, it can cost you
  money as well as business.

3

• To help you in selecting the right investment
  management platform, we tested different
  investment manager software platforms available
  in the market and took feedback from the industry
  players and experts regarding the efficacy and
  usefulness of the platforms they are using. Based
  on our findings, we have compiled a list of the 5
  best investment manager software platforms. In
  this article, we will discuss the top 5
  investment manager software platforms along with
  their pros and cons.

4

• 1- AdvisorEngine
• Pros
• Digital client onboarding
• Funding account with Automated Customer Account
  Transfer Service Automated Clearing House
  services (ACATS ACH).
• Advanced financial planning tools
• Customizable investment frameworks and investment
  models
• Cutting-edge trading, portfolio rebalancing, and
  compliance features
• Cons
• A somewhat overwhelming number of features
• So far supports only Schwab, TD Ameritrade,
  Fidelity, NFS, National Financial and Pershing.

5

• AdvisorEngine ranks number one on our list of top
  5 investment manager software platforms because
  of its distinguishing features, tailor-made for
  fulfilling the requirements of investment
  managers. From client onboarding, financial
  planning models, to portfolio trading,
  rebalancing, and management, AdvisorEngine seems
  to have a module for basically everything.
•  
• Here is what we liked the most in AdvisorEngine
• AdvisorEngine provides a quick method to open
  clients accounts with its digital client
  onboarding feature. Because of this useful
  feature, clients are no longer required to make
  frequent trips to the financial advisors office
  to complete the endless process of documentation
  and signatures.

6

• The dashboard is sleek and modern. Thanks to its
  e-signature ability, an investment manager can
  easily get the digital signatures of clients on
  the custodian and firms documents for account
  opening purposes. The clients can get ACATS ACH
  services for seamlessly shifting the securities
  from one brokerage account to another.
• Apart from facilitating clients, AdvisorEngine
  also facilitates investment advisors in
  performing their day-to-day tasks. The platform
  provides advanced and interactive financial
  planning tools that create personalized plans and
  help investment advisors to present the plans in
  an interactive way to the clients. With
  AdvisorEngine, investment managers can customize
  investment models and frameworks based on the
  risk appetite, financial goals, and other
  relevant aspects of the client.

7

• There is quite a bit of advanced functionality,
  allowing you to rebalance and manage portfolios
  with great control, ensuring that the portfolio
  remains on track to achieve the desired financial
  objectives keeping in view regulatory compliance.
• AdvisorEngine is best-suited for investment
  managers and wealth management funds as the
  platform has been developed keeping in view the
  unique needs of investment managers and wealth
  management firms. The only downside is that the
  platform provides so much information and
  features that a new user may feel overwhelmed by
  the array of useful features, so much so, that
  new users can struggle to understand the complete
  list of features. However, they do offer training
  and we were impressed with the customer support.
  With little practice, even a beginner user can
  get familiar with the user interface and use the
  platform to its full potential.

8

• Unlike some of the other platforms we looked at,
  AdvisorEngine (and its CRM Junxure) are open
  technologies with lots of integrations. That
  means if youre using some other system for some
  tasks, you can integrate them together and get
  the best of both worlds. This is really important
  in a field where people are mixing software on a
  regular basis and need it all to work together.

9

• 2- Axia Suite by Profile Software
• Pros
• Mobile, web, and cloud platforms
• Feature-rich client management tools
• Sophisticated risk management and compliance
  tools
• Interactive reporting tools
• Cons
• Focused too much on client management risk
  management
• Limited portfolio management and rebalancing tools

10

• Axia Suite by Profile Software ranks second on
  our list of top 5 investment manager platforms.
  The platform is available for use on mobile, web,
  and cloud platforms, providing ease of access to
  investment managers.
•  
• Lets discuss the key features that we liked the
  most in Axia Suite
•  
• Axia Suites provides client management tools in
  its investment management platform, which allows
  investment managers to manage clients and
  investments simultaneously. The platform has
  powerful and advanced risk management tools that
  help investment managers accurately measure and
  manage the risk within tolerable limits.
  Regulatory requirements can be easily met with
  the platforms sophisticated compliance features.
  

11

• Axia Suite is predominantly a client-centric
  platform, with the majority of features
  facilitating client management. Axia Suites
  investment management platform also supports
  digital client onboarding. The platforms digital
  client portal allows clients to view
  comprehensive reports about their funds
  performance and can access their accounts 24/7
  without relying on their investment manager for
  information.
•  
• While Axia Suite does provide investment
  management features to handle most of the
  portfolio and investment management tasks, it
  focuses too much on risk management, compliance,
  and client management. The platform aids
  investment managers in financial planning, asset
  allocation, risk analysis, compliance with local
  and international regulatory requirements, client
  management and reporting, etc. Also, the platform
  falls short of adequately performing portfolio
  management and rebalancing tasks, which is where
  the platform needs a lot of improvement.

12

• 3- Investera
• Pros
• Plenty of investment management tools
• Interactive investor portal on mobile and web
• Document management with encryption feature
• Workflow management
• Cons
• Lacking in compliance and risk management
  features
• Complex portfolio rebalancing feature

13

• Investera ranks third on our list of top 5
  investment management platforms. With its robust
  investment and client management tools, Investera
  has attracted many clients and its client base is
  growing. Lets discuss the features that we liked
  the most in Investera.
•  
• Investera gives plenty of tools to investment
  managers for managing portfolios of their
  clients. Investment managers can build and manage
  investment structures easily through a
  user-friendly interface. Complex investment
  structures can be easily visualized that
  facilitates investment managers in analyzing and
  understanding the critical aspects of the
  investment. The platform gets securities pricing
  feed from different vendors, enabling the
  investment managers to accurately value the
  public securities any time.

14

• An interactive and easy-to-use investment portal
  gives clients access to detailed reports and
  graphs about the performance of their investments
  right on their mobile devices. Investment
  managers can even configure the portal to add or
  restrict some features as per the needs of the
  clients.
•  
• Another important feature that we liked in
  Investera is its encrypted and secured document
  management platform. Investment managers can
  store their documents securely with encryption.
  With its document management platform, investment
  managers can get another layer of security for
  their confidential documents by setting up a
  password key. The platform also has
  categorization, search, and tagging features to
  access the required documents quickly.
• Investment managers can customize the workflows
  of their processes and assign tasks to the
  nominated employees at each step in the workflow,
  resulting in streamlining the processes according
  to the needs of clients and the organization.

15

• Although the Investera platform has excellent
  features, there are also a few downsides that we
  discovered while testing the Investera platform.
  Lets discuss the weak areas of Investera where
  it can improve.
• The software has weak portfolio and compliance
  management features that can negatively impact
  the returns generated by investment managers for
  their clients and can create trouble for the
  managers and organizations in case of breaching
  the regulatory requirements.
• The portfolio rebalancing feature in the
  Investera platform is complex and difficult to
  use. This is where Investera needs to improve to
  compete with other rival investment management
  platforms.

16

• 4- FA Solutions
• Pros
• Comprehensive portfolio fund management
  features
• Automatic portfolio rebalancing
• Secure client portal
• Regulatory compliance features
• Client management features
• Cons
• Document management not available
• Workflow customization and automation not
  available

17

• FA Solutions ranks fourth on our list of top 5
  investment management platforms. The platform
  offers excellent features, fulfilling most of the
  needs of investment managers and their clients.
  Lets discuss the best points of the FA Solutions
  investment management platform.
•  
• The investment management platform by FA
  Solutions has extensive portfolio and fund
  management features, making it easy for
  investment managers to manage a large number of
  clients, portfolios, and funds. With FA
  Solutions, investment managers can select and
  manage securities based on sector allocations,
  exposure to asset classes, and market
  capitalization. Also, the platform allows
  investment managers to automatic rebalance
  portfolios so that the portfolio realigns with
  the investment objectives.
• The platform offers clients secure access to the
  client portal that has all sorts of reports for
  clients to monitor their investment portfolios.
  Also, the regulatory compliance features of the
  platform ensures that internal and external
  compliance requirements are met while meeting the
  desired investment objectives.

18

• Investment managers can set investment limits and
  risk thresholds so that the investments stay
  within the tolerable thresholds.
• Apart from providing traditional investment
  management features, FA Solutions platform also
  provides client management tools such as sharing
  documents with clients, storing KYC (Know Your
  Customer) data, and synchronizing email and
  calendar with Office 365.
•  
• However, FA Solutions does not provide robust
  document management features like AdvisorEngine
  and Investera. Also, the platform does not have
  workflow customization and automation features,
  which are very essential features for an
  investment manager.

19

• 5- Oranj
• Pros
• Mobile and web client portal
• Wide range of investment management features
• Portfolio trading and rebalancing features
• Reporting for investment managers and clients
• Free/low cost version
• Cons
• No regulatory compliance features
• No digital client onboarding
• No document management feature

20

• Oranj ranks fifth on our list of top 5 investment
  management platforms. The platform, like other
  platforms, supports many traditional investment
  management functions. During our testing, we
  found many positive points which we will discuss
  below
•  
• The platform has a comprehensive client portal
  that can be accessed by clients through mobile
  phones and web. The portal has a very interactive
  and user-friendly interface, and users can easily
  operate the platform to extract information and
  download detailed graphs and reports from it. A
  wide range of investment management features such
  as investment modeling, portfolio creation,
  trading, and rebalancing, etc. is available.

21

• Oranj provides automatic reports on almost every
  activity that gives a bird-eye view of the
  performance of investment, allowing the
  investment managers to make the necessary changes
  to the investment portfolio. The reports can be
  easily shared with clients, if necessary.
• However, Oranjs regulatory compliance features
  are not up to the mark as compared to the other
  platforms. Also, Oranj does not support digital
  client onboarding, which is a necessary feature
  to attract customers in todays competitive
  financial services industry. Another downside to
  Oranj's investment platform is its lack of
  document management features. Many other
  investment platforms such as Investera and
  AdvisorEngine provide advanced document
  management features with which investment
  managers easily sift through a huge vault of
  documents in just a few clicks. The document
  management feature can also lock confidential
  documents which can only be accessible to
  authorized personnel for maintaining secrecy and
  confidentiality of clients information.

22

• Conclusion
• The investment management platforms we reviewed
  contain a diverse range of investment management
  tools. However, we have carefully reviewed and
  tested different platforms to determine the best
  platforms available for investment managers. The
  rankings in this article are based on the strong
  and negative points of the investment management
  software to help you make the best choice.
• Read Blog - 5 Best Investment Manager Software
  Platforms

23
Thanks