COMPANY: Storebrand Asset Management
INDUSTRY: Banking / Wealth Management
OBJECTIVE: Implement reporting and advisory platform
SOLUTION: Comarch Wealth Management, Comarch Business Intelligence
DURATION: 9 months reporting platform, 10 months advisory platform
Storebrand Asset Management is part of the Storebrand group with NOK 921 billion in assets under management (3Q20). Storebrand wants to deliver value through Storebrand's own solutions and through selected boutiques - Delphi Fonder, SKAGEN, SPP Fonder and Cubera. They have clients in different regions across the world, with different cultures, languages, and needs, but expect the same attentive, high-level of service.
Over time, Storebrand advisors had seen different advisory processes, which often depended on manual data input. As its advisory business continued to grow, Storebrand wanted to standardize these processes and collect better data from the business, positioning the bank to seize further growth opportunities.
At the same time, Storebrand wanted to provide their clients with best-in-class investments reports accessed via customer portal. What is more, Storebrand wished to pioneer delivering the reports not only to the institutional or HNWI clients, but also to retail ones.
Deliver reliable investment reports to all clients
Automate and accelerate report generation
Develop a single, standard advisory framework and process across countries, harmonizing model portfolios, risk profiling and portfolio value simulations
Provide a single picture of client wealth for financial advisors
We want to invest in the right technology, to enhance the relationship, to empower our advisors and analysts. We also want to free up a lot of time for routine operations, so we can focus on what really matters – the client.
Christian Vestol, VP Engineering at Storebrand
Storebrand selected Comarch Wealth Management and Business Intelligence software for client reporting and investment advisory, implementing the main platform solutions: Advisor Front Office, Performance & Risk Analytics, Client Reporting Portal, Data Warehouse and Reporting Engine.
The solution was developed to support advisors and their clients in 3 Nordic counties: Norway, Denmark, and Sweden. Comarch’s implementation team was able to customize the software to meet local language, reporting, and presentation needs, while continuing to add new features.
The Wealth Management solution deployment gave Storebrand:
In the area of advisory process:
In the area of client reporting:
[Comarch] has a very good understanding of the wealth management and private banking industry … We liked their solution very much, especially the flexibility they had in changing and continuously improving our tools.
Christian Vestol, VP Engineering at Storebrand
Comarch is a global designer, provider, and integrator of innovative IT solutions, advanced electronics and specialized hardware solutions. Since 1993, Comarch has been helping clients achieve higher profitability thanks to its vast range of innovative products and quality services. With over 20 years of experience in asset and wealth management, Comarch has helped over 100 customers in the banking and investment industries worldwide to serve their valued customers more effectively.
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