iDATA Corporation

The iDATA WealthMgr application for mobile devices is a break-through tool for financial advisors. An advisor’s entire book of business is organized into an intuitive, easy to use mobile application for iPhone, iPad, and Android phones and tablets.

Key functionality includes:

• Client relationships, accounts, cash balances, positions, transaction, investment manager, and portfolio models can now move with you through your day.
• The advisor may drill down through relationships to account to holdings to cost basis.
• Portfolio models and their managers are organized and referenced to products, relationship, and accounts.
• Advisors are able to see risk exposure to currency, asset types, countries, and individual securities at either the relationship or account level.
• Advisor can manage their entire book of business with a dashboard drill down by relationships, products, managers, and accounts, providing immediate access to AUM and exposure at multiple levels.
• Future enhancement will enable the automation of workflow tasks, such as opening new accounts, rebalancing to a model, or account servicing request to your back-office or custodian.

Philosophy of Use:

The WealthMgr application was designed for use by:

• Brokers
• Financial Advisor
• Financial Planners
• Registered Investment Advisors (RIA)
• Private Client Advisors
• Branch Managers
• Trust Officers
• Product Managers
• Distribution Sales
• Portfolio Managers
• Anyone in the wealth management industry, who have customer facing duties

Financial Advisors, by the nature of their jobs, are highly mobile people. Financial Advisors are constantly on the move, meeting with clients, investment managers, research analysts, etc. When Financial Advisors are spending their time meeting with people, their productivity and production increase. Being tied to a desk, gathering information is unproductive time. The WealthMgr application for iPhone and Android devices provides complete freedom of movement for Financial Advisors.

As an advisor travels throughout their day, they may access all the details about their clients and their client’s investments. The WealthMgr application is integrated into your smart phone contact list. So as you client call you, you may immediately and automatically be presented with an entire relationship picture of that client’s products, holdings, valuation, and risk exposure.

Implementation:

Typically, the iDATA team will work directly with your technology team or custodian to gather the needed data. iDATA is able to consume data in any format and in any structure. The iDATA team maps the data into our “Transformation” server, which creates individual data packages for each individual user. The iDATA Distribution server can be hosted in any forum, including within your data center, in a secured cloud facilitate, or in a co-location provider. Our rapid implementation approach results in a fast, seamless integration.

Security:

All aspects of WealthMgr are highly secure. Data interfaces to WealthMgr’s distribution server are encrypted. Your device is connected to the iDATA Distribution server through an SSL encrypted Internet connection. Data is only presented to your device upon a secured logon and authentication, and not before. Data on your device is held encrypted (in memory only) on the mobile device.

Fees:

iDATA provides flexibility to its customers on fee structure. For larger organizations, an enterprise license is more likely appropriate. For smaller organizations, a per-seat license is a better value. There is an annual fee for the hosting of the iDATA Distribution server. Please contact your Sales Representative for a quote.

Customer Service:

iDATA provides 24/7 support via phone or email. The WealthMgr application is continually growing and adapting with new functionality. So if your organization desires customization or additional data elements, enhancements are delivered extraordinarily quickly.

Future Roadmap:

The WealthMgr application will be continually expanding with more and more functionality. Future releases will provide the ability to conduct workflow events, such as rebalancing requests or new account requests. The goal of WealthMgr is to become a full desktop replacement of an entire Advisor’s workstation on your tablet and mobile device.