One of the service advantages that Seed Analytics offers its users is our new Online Book Report.
We’re quite proud of this innovation and how it helps to solve a number of problems in our financial advisors’ lives. This consolidated report pulls all of your clients’ investments data together across all platforms, so that you have a one-touch “book report” platform with all the information you need to run your business efficiently.
The following are the top benefits that we see time and time again for our advisors:
1. Help make informed decisions.
It’s a painful process for advisors to request updated reports from each of their providers - especially as these are not delivered in a standardized format. Our Online Book Report does this for you, by pulling all information from all of your platforms into one space. This decreases your admin time related to your business, and possibly reduces costs too if you are hiring staff to help you with reporting. We currently have access to 63 providers in South Africa, providing you with accurate and up-to-date information which you can use to make informed business decisions.
Not only can you drill down to see how providers and platforms are performing, but you can also deep-dive into each of your client’s portfolios. This helps you prepare for meetings more effectively and with the most current information. This can assist you advise each client on their next best move.
2. Book value is easy to determine.
Looking to sell your book as you retire? Or maybe you are interested in buying someone else’s book… Either way, our Online Book Report dashboard can help you to easily determine the value of the book, so that you can arrange a fair sale. With this approach there is no need to thumb suck or struggle with future value projections. You will be able to see the details of the whole book’s value. This helps both parties to make informed proposals and decisions. Your legacy investments will also be easy to spot in these reports, helping you to negotiate on the price of the book. The stress involved in a sale is removed with our Online book report.
3. Risk profiling is a breeze.
One of the more challenging aspects of a financial advisor’s job is risk profiling. This takes time, and is another task that needs to be fitted into your diary. It can often be the task that is left hanging while you focus on building other parts of your business. This is an important element of your business, being able to identify on a client level and practice level, if your clients’ investments are correctly placed according to their risk profiles is a great benefit. After you have identified the clients who are no longer within their risk profiles, you can attend to their investments by switching their exposure accordingly.
4. Manage your business in a simpler and more effective way.
With less time spent on admin and your business insights across your entire book risk profiling taken care of, you have more time to spend with your new and existing clients.
Implementing the correct software will add countless benefits to your business in the short term and long term.