Chelmer

Myriad, developed by Chelmer Limited, is an integrated set of financial software modules designed to enhance wealth management. According to the vendor, this solution is flexible and can be used by a range of financial institutions, including private banks, wealth managers, investment advisors, stockbrokers, trust companies, and asset managers. It aims to empower professionals in the financial industry to effectively manage customer wealth, improve collaboration, streamline operations, ensure compliance, and deliver personalized services at scale.

Key Features

Onboard: According to the vendor, Myriad streamlines the client onboarding process and helps ensure regulatory compliance by capturing client information and verifying compliance requirements.

Originate: The vendor claims that Myriad enables the capture and processing of customer instructions, origination of orders, rebalancing of portfolios, and creation of transactions to meet customer requirements.

Transact: Myriad aims to facilitate the execution of orders and trades, manage money settlement, and register/transfer assets, according to the vendor.

Aggregate: The vendor states that Myriad aggregates transactions and data from various sources into a unified view, providing comprehensive insights into accounts, portfolios, customers, and asset registries.

Reconcile: According to the vendor, Myriad automates the daily validation of asset and cash positions, ensuring accurate and up-to-date records while reducing the risk of errors and discrepancies.

Adjust: Myriad is designed to capture and process events that require adjustments to holdings, such as share splits or dividends, and automate the creation of accurate and timely transactions, according to the vendor.

Report: The vendor claims that Myriad provides digital solutions for customer engagement in wealth creation, enabling the generation of reports that enhance communication and transparency between financial institutions and customers.