Dow Jones Announces Launch of Innovative 'Dow Jones Wealth Manager' for Financial and Wealth Advisers.Business Editors NEW YORK--(BUSINESS WIRE)--March 22, 2004 Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance & Company (NYSE NYSE See: New York Stock Exchange : DJ) -- Solution Enhances Client Communication and the Relationship-Building Activities That Are Essential to Gathering More Assets and Attracting New Clients -- Research Demonstrates That Client-Centric Practices Are More Profitable for Firms and Advisers Dow Jones & Company (NYSE: DJ) today announced the launch of Dow Jones Wealth Manager, an innovative solution developed in a strategic alliance with Client Dynamics. In conjunction with the product launch, Dow Jones is releasing a white paper: "Capturing the High-Net-Worth Investor: The Client-Centric Solution for Winning Market Share Today." Dow Jones Wealth Manager enables financial advisers to build deeper relationships with clients and prospects through meaningful communication, and assists firms in increasing total assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . The solution is designed so that advisers use their knowledge of their clients' goals and interests to generate thoughtful reasons for calls and e-mail. Advisers profile their clients and prospects, and then the browser-based application continuously maps Dow Jones' market-leading news and information 3/4 Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July , The Wall Street Journal, Barron's and SmartMoney 3/4 to these personalized profiles. Firms also will be able to integrate their proprietary research into Dow Jones Wealth Manager and link it to key client profiles and holdings. The adviser then makes decisions about how and when to reach out to clients. "Dow Jones Wealth Manager turns Dow Jones news into a powerful customer relationship tool," said Paul Ingrassia Paul Ingrassia is president of Dow Jones Newswires, a unit of Dow Jones & Company. Ingrassia was awarded the 1993 Pulitzer Prize for Beat Reporting along with Joseph B. , president, Dow Jones Newswires. "Our solution will help advisers and wealth managers strengthen relationships with their clients by encouraging more relevant client contact3/4more often." Dow Jones commissioned "Capturing the High-Net-Worth Investor: The Client-Centric Solution for Winning Market Share Today" from CEG (Continuous Edge Graphics) A VGA RAMDAC chip from Edsun Labs that adds anti-aliasing on the fly. It can also calculate intermediate shades, thus providing thousands of colors on an 8-bit board that normally generates only 256 colors. Worldwide, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The white paper shows the following: -- The financial institutions that succeed in creating the support systems for today's financial advisers will encounter numerous opportunities to capture profitably additional assets under management, build adviser loyalty and gain new advisers. -- Advisers who cultivate relationships garner more referrals and gather 30 times more assets. Dow Jones Wealth Manager was developed to be an essential part of the support systems for successful, client-centered advisory and wealth-building practices. "Capturing the High-Net-Worth Investor" also found that to achieve success at the highest level, advisers must be client-centric and enhance their client relationships on a continuing basis. Another key finding: Most advisers think they are client-centric, but only 12.3% actually have what the research defines as a client-centric practice. Frequent and meaningful communication is an essential part of a client-centric practice. Dow Jones Wealth Manager maps Dow Jones' news and information to specific client and prospect profiles, supplying the adviser with ideas for specialized communication with each profiled client. "Having spent 12 years with Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , I understand from firsthand first·hand adj. Received from the original source: firsthand information. first experience that Dow Jones Wealth Manager solves one of the most difficult problems sales professionals face today: maintaining effective and frequent client contact," said Scott Lucas Scott Lucas may refer to:
The new solution offers specialized features for wealth managers, covering topics such as estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the , taxes and alternative investments. Dow Jones Wealth Manager is easily integrated with leading client relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), contact management and e-mail software. Proprietary client information resides behind the firm's firewall, where it is protected and secure. To learn more about Dow Jones Wealth Manager and to get an executive summary of "Capturing the High-Net-Worth Investor: The Client-Centric Solution for Winning Market Share Today," call 800-223-2274 or visit djnewswires.com/wealthmanager. The white paper is available from Dow Jones during client consultations. About Dow Jones and Company Dow Jones Newswires (www.djnewswires.com), published by Dow Jones and Company (NYSE: DJ; www.dowjones.com), provides real-time news for financial professionals in the equities, fixed-income, foreign exchange, and energy markets. The division also offers news for financial firms' Web sites and Dow Jones Newsletters' sector-specific content (www.djnewsletters.com). In addition to Dow Jones Newswires, Dow Jones publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. About Client Dynamics Based in Irvine Calif., Client Dynamics is the leader in client management software solutions for top sales, marketing and business development professionals to aggregate personalize and deliver content to each individual client or prospect based on their specific profile, interests and passions. Client Dynamics enhances the value of content by prompting the user to take action on information that is relevant to their clients and prospects, making content actionable. The company's solution is empowering sales professionals across many industries including financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , real estate, legal and accounting. For additional information about the company, visit www.clientdynamics.com About CEG Worldwide, LLC CEG Worldwide was founded in 2000 by John J. Bowen, Jr., long a leading authority on the independent financial advisory business. Its mission is to provide financial advisors and the financial institutions that serve financial advisors with insights, strategies and tools to significantly grow their businesses while better serving their clients well. For additional information about the company, visit www.CEGWorldwide.com. |
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