Tag Archive for WealthERP

WealthERP – Empowering Advsiors

30 Mar, 2010  No Comment

WealthERP - Empowering Advisors WealthERP is a bangalore based startup which provides SaaS based wealth management cum financial services platform for wealth advisors and financial planners and distributors. Their platform covers multiple asset classes and allows advisors to plan, manage and analyze investments across assets and have a 360 view of their client’s investment portfolio. WealthERP is not a personal finance management portal and is not for end users.

WealthERP will help financial intermediaries increase the penetration of wealth management and financial products to rural and non-metro areas by providing them with an economical platform that is rich in features and functionality, without the hassles of owning the infrastructure.

Let’s analyze the pain points and gaps WealthERP is addressing -

  • a) inadequate advisor and customer education
  • b) emphasis on legacy investment products
  • c) prohibitive economics of processing transactions and servicing customers
  • d) legacy delivery systems
  • e) high dependence upon commission based sales model.  Majority of the advisors do not have any software.  Usage of process driven tools for scientific financial planning and wealth management is lacking.   Advisors reach in non-metro and rural areas is very low.  Scalable and affordable technology solutions are very few.
Differentiators: WealthERP’s key differentiators are: multi asset integrated investment management, multi branch & RM, auto transaction uploads, daily portfolio valuations, financial planning, alerts management, process driven ERP approach, knowledge based investment tools and back-end interface to product manufactures and intermediaries.

WealthERP is founded by Monish Jamwal, he worked with Bank of New York and Credit Suisse before starting this venture.

-Hitesh, vcBytes.com