EquiSoft, a Montreal-based developer of digital business solutions for the financial industry, has announced the launch of WealthElements™, a customizable, fully-integrated suite of wealth management tools designed to help financial advisors create industry-leading wealth management proposals for their clients and prospects. The new suite leverages the strengths of EquiSoft’s flagship Asset Allocation Analyst™, a software tool trusted by thousands of financial advisors worldwide since 1995.
The new WealthElements suite includes Asset Allocation Analysis, Investment Policy Statements, Net Worth, Cash Flow, Retirement Needs, Education Savings Needs and Insurance Needs modules. More modules, such as Mortgage versus Investment Analysis, Disability Insurance Needs and Critical Illness Insurance Needs are to be added in the coming months. Each of the modules can be used on a stand-alone basis or as part of an integrated suite, allowing advisors to efficiently generate proposals customized to any client’s particular needs. All modules are integrated into one industry-leading, investor-friendly proposal.
WealthElements includes robust mutual fund, segregated fund, stock, Separately Managed Account (SMA) and Exchange-Traded-Fund (ETF) data from several respected data vendors to ensure timely and thorough analysis of current and proposed investment portfolios. Also, WealthElements can be integrated to an advisory firm’s back office system and/or insurance illustration system, minimizing the amount of data entry required to generate client and prospect proposals.
“Our objective in developing WealthElements is to offer advisory firms and their financial advisors a streamlined process that couples comprehensive analysis with speed and efficiency” said Jonathan Georges, Vice-President, Financial Products at EquiSoft. “With our one-stop wealth management solution advisors can now produce industry-leading proposals, literally, within minutes.”
Furthermore, because WealthElements supports multiple currencies and languages and is highly customizable, advisory firms around the world can leverage EquiSoft’s innovative suite to implement an advisor solution that best meets their specific needs.