Challenge: Create Dynamic, static & Scheduled reports for Asset Classification and Account Aggregation. (POR)

Account aggregation reports will replicate the reports as found in Advisor Work Bench Tool. Asset Classification process involves identifying securities held by Clients Customers in an enterprise database and classifying them based on the different parameters as identified by the management. The asset classification will be based on data received from various loads like S&P etc., on a regular basis. Assets that remain unclassified after the matching will be manually classified using data from the free resources available on the Internet.

The Solution

The reporting application will be a web-based application and should display clients holdings in various reports. All the required holdings data is present in centralized enterprise database. The application will take Clients Social Security number or name and display their holdings. Extensive Search functionality is developed. The advisor(s) will be able to search for a client using their SSN or using the name fields (First or last). The Search functionality is tightly integrated with an enterprise security system which will allow the advisor(s) to search for only their clients securities.

The application allows the advisor(s) to generate various reports by including all or partial accounts of a specific client. The Advisor will have a facility to include household accounts shared with the client by other members of the household.

This solution is built by using the existing data available in the legacy systems, which has the raw data of various accounts for all products owned by the client and systems, which calculate values for some accounts.

All the architectural risks are tested ahead and iterations were planned to incorporate risks and time needed for implementing new technologies and development across teams. The domain and application components were designed in such a way they are reusable and are being used in other phases of the development and as well as by other applications

Customer Benefits

1. Customer satisfaction is achieved.
2. Appreciable business growth is observed.
3. Drill down features provided with reports and the same was highly appreciated.
4. Laid a very good technical foundation for coming phases and other applications with enterprise and application frameworks developed and reusable components.
5. Advisors are facilitated to print various reports. In addition to that, export (XML, HTML, Excel, PDF etc.) functionality was built in the system