Automation tools to increase AUM at a family wealth office
- Location
- Ontario, Canada
- Year
- 2023
- Engagement
- Profitability Improvement: Reporting & Automation
Family-based wealth management office had increased AUM and client base in previous 2 yrs. During stock- and bond-market downturns of 2023 the administrative and meeting burden of clients also grew.
Our team developed comprehensive excel-based tools to replace manual calculations and outdated software, including: Lifetime savings/cashflow, Retirement feasibility, Net Worth comparison tool. Tools considered Canadian and Ontario-specific laws around income taxation, retirement, tax-free accounts, government pension programs.
Measurable impact
–75%
Reduced administrative time per client by over 75%
Financial Services
Case snapshot
Further developed self-serve web-based tools
Financial Services
Measurable impact
+24%
Net Worth comparison tool led to a 24% increase in client conversion during prospecting
Financial Services