In a competitive market, providers of wealth management services are necessarily forming their IT strategies to help build differentiating factors in order to gain and retain customers and their assets. The right IT resources can help wealth management firms to:

As part of our evolution from a consulting to a projects company we have built up expertise in a variety of domains. Our specific clientele in Wealth Management has enabled us to build Domain expertise in Wealth Management Solutions. As part of projects we have implemented different modules for Wealth Management Solutions. In our transition to a niche domain area, we have focused on Wealth Management solutions and have built our own Integrated Wealth Management Framework (IWMF).

IWMF brings a set of pre-fabricated software components in the Wealth Management space into a framework. Having pre-fabricated pieces to be implemented yet giving the flexibility to the customer to pick and chose components, work with their existing software and low cost implementation of these solutions distinguishes us.

One of the high-value tools Taksheel offers to the wealth management organization is its Integrated Wealth Management Framework. This cost effective, customizable application provides a competitive edge by enabling efficient and effective service delivery and management through several modules.

This is built on contemporary service oriented architecture and offers flexibility and scalability with ease of integration, deployment and maintenance. Built on a concept of working with and integrating with third party products, our framework is able to offer a "best of breed" approach in the following areas:

The Taksheel's Wealth Management Framework is a comprehensive technology foundation for desktops across the firm and provides a unifying framework which incorporated and integrates a variety of business that constitute wealth management advisory services. A rich data model, with shared business components that can be leveraged across the firm serves as a standards based integration hub for consolidating data and integrating applications across the firm in a flexible and cost effective manner.

For clients who want to reduce development effort and project cycle time, we offer a set of reusable frameworks in different areas.

These reusable frameworks have been developed in-house at Taksheel, using our domain and technology expertise. They can be customized to meet specific client requirements.

Key Framework Features

Wealth Management Technology Platform - IWMF solutions are delivered through an integrated set of applications and processes built on wealth management technology platform. The IWMFS wealth management technology platform serves as a comprehensive technology foundation of an advisory business by providing a rich set of components and services that are shared by advisory desktops across the firm. In addition, this platform provides the unifying framework for integrating advisory processes, applications and data across the firm, to help firms operate a truly integrated advisory business.

Integrated Full-lifecycle Advice - IWMF provides comprehensive advisory functionality that drives the full-lifecycle of integrated advisory processes spanning sales prospecting, investor profiling, financial planning, asset allocation, investment selection and portfolio construction, portfolio monitoring and analysis, portfolio rebalancing, client review and reporting.

Advisory Process Framework - IWMF provides an advisory process framework that includes pre-built advisory processes that can be configured to meet individual firm needs. Firms can leverage this framework to link application functionality across the enterprise into seamlessly integrated business processes and enable team-based collaboration across the firm. Other features include task assignment and routing, process monitoring and the ability to view detailed task history.

Compliance - IWMF enables firms to implement compliance implicitly through business rules, process definitions and output templates or explicitly through conditional review and approval tasks within advisory processes. Not only can firms ensure that they meet changing regulations in a flexible manner but also ensure consistent adherence to firm-defined policies, guidelines and procedures. Incrementally Built Solutions - Firms can choose to implement IWMFS solutions as complete enterprise front-office solutions or choose to license individual business modules or components to meet specific project needs. Firms also have the flexibility to build enterprise solutions in an incremental manner by implementing specific IWMFS modules, one at a time.

Flexible Deployment Models - IWMF solutions or modules can be deployed in a flexible manner-- by user role (Financial Advisor vs. Investment Consultant) by user sophistication (Basic vs. Advanced), by geography (Distributed vs. Centralized) or by delivery mechanism (On-site or Hosted), thus enabling firms to meet varying business needs and serve multiple client segments.

Key Technology Features

In several projects, these reusable frameworks have significantly helped to reduce the time taken for business requirement generation, as well as coding and testing.

Service-Oriented Architecture: Built on a contemporary service-oriented architecture, IWMF offer significant flexibility and scalability with unprecedented ease of integration, deployment and maintenance. Built within the IWMFS service-oriented architecture are a rich set of business, application and data services that are designed specifically for the wealth management domain as well as generic platform services that can complement or replace existing functionality within the enterprise.

Web Services and Data Integration Hub: The IWMF Web Services and Data Integration Hub serves as a unifying, standards-based integration hub for consolidating data and integrating application functionality distributed across the firm in a flexible and cost-effective manner. What is unique about this hub is that it leverages the IWMF's service-oriented architecture to offer significant flexibility to firms by a services-based, economical approach to integration. For example, firms can leverage this hub to access data right from the source as a service, without having to worry about data replication, redundancy and reconciliation costs.

Ease of Integration: A flexible, standards-based integration framework that enables integration at multiple-levels (i.e., at a UI, application, data or process levels) and through multiple methods (i.e., real-time, message-based, batch or web services integration).

Multi-platform Support: IWMF supports open architecture standards and provides firms with a broad range of operating system, database and hardware platform choices. Built using core J2EE technologies, the IWMFS solution also integrates with services based on the .Net platform.

Scalable Deployment: IWMF's service-oriented, n-tier architecture provides an enterprise-class solution that scales to meet the needs of the largest financial services firms by supporting flexible deployment across multiple servers in both horizontal and vertical configurations.


Adaptable Solutions: Metadata-driven configuration supports ease of extensibility and customizability of IWMFS solutions to meet firm-specific needs. Also, an easy-to-use SDK helps IT organization to develop new functionality based on the IWMF platform.

Standards-Based: Built on a .NET platform, IWMFS makes extensive use of contemporary standards including XML, Web Services, and DSL.

Secure: Includes a robust security framework that easily integrates with a firm's existing security infrastructure. It also, supports user and application entitlements to implement data visibility and access control rules. Advisory Process Framework: Includes a set of pre-built configurable advisory processes based on best-practice workflows and built using an integrated process engine. Incorporates features such as collaboration, task-assignment and routing, process monitoring and the ability to view detailed task history.

Presentation Management: Includes a powerful presentation generation engine that enables advisors to dynamically generate, view, store and retrieve personalized proposals, investment policy statements, client reviews and other investor presentations. IWMFS's presentation engine can also integrate data from multiple sources into firm-defined standard templates that ensure adherence to branding and compliance guidelines.

Wealth Management Solutions

In a competitive market, providers of wealth management services are necessarily forming their IT strategies to help build differentiating factors in order to gain and retain customers and their assets. The right IT resources can help wealth management firms to: