While Portfolio Management Systems (PMS) have long been a staple in the industry, modern back office solutions offer a lot more than just portfolio management

In today’s dynamic and competitive world of wealth management, the back office plays a crucial role in ensuring that operations run smoothly, efficiently, and in compliance with regulatory requirements. 

Back Office

 Here, we explore the comprehensive functionalities of a robust back office system that caters to the complex needs of wealth managers.

Wealth Management Oriented CRM

A cutting-edge back office solution is more than just a PMS; it's a wealth management-oriented Customer Relationship Management (CRM) tool. The system offers several key features:

  • Smart Data Entry: Efficiently manage information for individuals, companies, and portfolios.
  • Compliance Workflow: Streamline account approval processes to ensure regulatory compliance.
  • Dynamic Business Risk Assessment: Automatically compute business risk, providing valuable insights for decision-making.
  • Document Expiration Triggers: Stay on top of crucial document renewals with automated alerts.
  • Open API: Seamlessly integrate with other CRM systems, enabling a connected and data-rich environment.

All-in-One Portfolio Management System

This back office solution offers a comprehensive suite of portfolio management tools:

  • Portfolio Valuations and NAV Reporting: Accurately track portfolio performance and Net Asset Value.
  • Order Management Workflow: Core compliance ensures trade orders meet regulatory standards.
  • Corporate Action Management: Efficiently execute and manage corporate actions.
  • Automated Market Alerts: Receive real-time alerts for market changes.
  • KPIs for Performance Insights: Monitor portfolio manager performance and make data-driven decisions.
  • MIFID II Transaction Reporting: Easily comply with MIFID II regulations.
  • MIFID II Ex-Ante / Ex-Post Reporting: Ensure full transparency and regulatory compliance.
  • Trailer Fee Management: Streamline the reconciliation of trailer fees.
  • Simplified Fee Accruals: Manage fee accruals and postings effortlessly.

Simplified Cash Management

Efficient cash management is crucial, and this back office system simplifies it with these features:

  • Configurable Accounting Rules: Customize cash management to align with your specific requirements.
  • 4-Eyes Principle: Implement a secure 4-eye reconciliation process for cash management.
  • Bank Reconciliation Automation: Automate bank reconciliation through easy bank statement uploads.
  • Tonic Investor Portal: Empower investors with a user-friendly robo-advisory desktop portal.

Portfolio Analysis

Analyze and optimize portfolios effectively with these tools:

  • Efficient Frontier Generation: Optimize portfolios using the efficient frontier method.
  • Value at Risk and Portfolio Ratios: Assess risk and evaluate portfolio performance.
  • Composite Benchmarking: Compare portfolios to relevant benchmarks.
  • Risk Analysis: Simulate new holdings for a comprehensive risk assessment.

Content Management

Stay connected and informed with content management capabilities:

  • Third-Party Data Feed Integration: Easily manage content for professionals and investors by integrating third-party data feeds.
  • Publish Research Articles: Share research articles with clients to provide valuable insights.
  • Configurable Actions: Configure actions to be displayed on specific articles, enhancing client engagement.

Flexible Dashboard

Tailor your dashboard to your specific needs and preferences:

  • Customizable Widgets: Users can visually represent data using widgets and set their own queries and filtering criteria.
  • Plugin Support: Develop custom widgets as plugins to expand functionality.
  • Global Dashboards: Admins can configure dashboards and allocate them to specific roles.
  • Configurable Alerts: Set alerts for any dataset, ensuring timely notifications for critical information.

Modern back office solutions should be much more than just Portfolio Management Systems.  Tonic offers a comprehensive suite of features designed to enhance efficiency, compliance, and client engagement in the world of wealth management. 

Whether you need streamlined cash management, portfolio analysis tools, content management, or a flexible dashboard, Tonic empowers wealth managers to stay ahead in an ever-evolving industry.

Join the future of finance with Tonic Wealth Management.