Everywhere we look it seems financial services firms are focused on catering to high-net-worth customers by promoting their wealth management services. While these customers maintain high balances, those balances are usually spread among many different types of accounts and the assets are diverse. Therefore, the ability to provide clients with a total view of their financial position is becoming more important and more complex.
Investment advisors are continually being asked by their clients for more detailed, on-demand reporting of financial information. Likewise, investment advisors would like to be more proactive in communicating with their clients.