Assetmax

Assetmax is an integrated software platform designed to streamline the main business processes of wealth managers, including portfolio management, compliance and client data management, invoicing, and reporting. According to the vendor, Assetmax is suitable for independent asset managers, family offices, and banks of all sizes. Professionals and industries such as wealth managers, independent asset managers, family offices, banks, and financial institutions utilize Assetmax to optimize their operations and enhance their client services.

Key Features

Portfolio Management Process: According to the vendor, Assetmax simplifies the portfolio management process by loading and cleaning data from custodian banks and financial data providers. It also enables users to consolidate, rebalance, and manage orders for portfolios efficiently. Additionally, Assetmax can generate invoices for fees and expenses and calculate profitability, while offering the flexibility to prepare fully customized reports.

Client Management Process: The vendor claims that Assetmax allows wealth managers to streamline their client management process. Users can define digital forms for KYC, Investment Proposal, and other necessary documents. Assetmax provides a secure document management system for saving documents and revisions. It also organizes data collection in workflows, such as onboarding, with clear steps and roles, aiming to provide a smooth and efficient client management experience.

Compliance and Client Data: Assetmax helps wealth managers organize client documents and sensitive information securely, according to the vendor. It offers compliance handling tools designed by specialists, supporting regulations such as MiFID II and FIDLEG. The software features a configurable onboarding workflow and performs automatic PEP verification (Worldcheck). Assetmax also enables users to perform AML checks, aiming to ensure compliance with regulatory requirements.

Fees and Profitability: According to the vendor, Assetmax simplifies fee management and profitability calculations for wealth managers. Users can define management and performance fee models, generate single or consolidated invoices, and calculate compensation for relationship managers and intermediaries. The software also monitors fee payments from banks, calculates stamp duty, generates cost reports, and provides comprehensive analysis of client profitability.

Reporting and Designer: Assetmax offers a robust reporting and designing feature, according to the vendor. Users can customize report templates to graphically distinguish their company and adapt reports, invoices, and letters online using the report designer. Assetmax supports printing reports in multiple languages and provides report translations for enhanced client communication. The software also provides simplified access to its data through additional clients.

Integration Services: According to the vendor, Assetmax offers API functionality that covers portfolio management, client relationship management (CRM), invoicing, and reporting. It supports multi-custody functionality for banks, allowing seamless integration with various custodian banks. Furthermore, Assetmax provides an OpenWealth API adapter for easy integration with other software products, aiming to enhance the overall efficiency of wealth management operations.

Partner Solutions: Assetmax integrates with a wide range of third-party solutions, including Altoo, Edgelab, Evooq, InCube, Indigita, Investment Navigator, Performance Watcher, Prometeia, and World-Check, according to the vendor. This integration enables wealth managers to leverage additional services such as compliance outsourcing, tax analysis, cloud solutions, and more, enhancing their capabilities and expanding their service offerings.

Data Providers: According to the vendor, Assetmax integrates with leading financial data providers such as Bloomberg and SIX Financial Information. This integration aims to ensure that wealth managers have access to accurate and up-to-date financial data, enabling them to make informed investment decisions and provide reliable advice to their clients.