Financial Profiles Eases Data Integration for Wealth Management Advisors and Clients With Profiles+ Matrix.Business Editors SAN DIEGO--(BUSINESS WIRE)--Oct. 28, 2003 Data Consolidation, Synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. Product Extends Capabilities of Trusted Advisor Financial Profiles Inc., a leading international provider of financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against solutions, today announced the availability of Profiles+(TM) Matrix, the newest addition to its suite of financial planning software solutions. The Profiles+ Matrix solution combines powerful data consolidation with a fully integrated synchronization interface to provide wealth management advisors with the ability to easily acquire, consolidate and synchronize See synchronization. financial data, streamlining internal processes while increasing their level of decision-making decision-making, n the process of coming to a conclusion or making a judgment. decision-making, evidence-based, n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from support for clients. Profiles+ Matrix integrates data from multiple sources such as enterprise back offices, banks, brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. firms, insurance, mutual fund organizations and other information providers using a variety of methods and protocols. The data is seamlessly delivered to the individual planning workstation in real time via a secure, Web service interface. The Profiles+ Matrix design reflects Financial Profiles' commitment to supporting a unified planning and wealth management process that encompasses information gathering, planning, investment implementation, monitoring and reporting of financial strategies. Profiles+ Matrix is being released for its flagship planning solution, Profiles+ Professional. "Those solutions targeting the wealth management market today must endeavor to provide the data consolidation and synchronization functions that exist in Profiles+ Matrix," said Sang Lee, an analyst with Celent Communications. "With this introduction, Financial Profiles has expanded its leadership role by enhancing the capabilities of the trusted advisor to provide value for customers during the entire financial planning cycle." While other aggregation solutions attempt to address the wealth management advisor market's needs, they fail to provide the comprehensive data consolidation necessary for financial planning and do not easily integrate into the enterprise and the planner's current infrastructure. "To date, most software tools only serve financial planners Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. in certain aspects of their jobs," said Jim McClafferty, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Financial Profiles. "Profiles+ Matrix is the first financial data integration solution to work with wealth management advisors in all facets of their current business environments, utilizing their preferences and legacy planning processes to expand their access to data and allow them to better serve their clients." In addition to consolidating information and integrating data directly into the planning software, Profiles+ Matrix provides tools for access and analysis via a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . Recognizing that the financial planning process is most effective when it incorporates input from the client and other advisors on an ongoing basis, Profiles+ Matrix enables financial service professionals and their customers to collaborate under the control of a secure permission system. Client user interfaces are incorporated into advisor Web sites or enterprise portals See corporate portal. , supplying clients with up-to-date consolidated financial information, analytics and content to increase consumer satisfaction. "We designed Profiles+ Matrix with the customer experience in mind," said Charlie Davidson Da·vid·son , Jo(seph) 1883-1952. American sculptor best remembered for his vigorous portrait busts of Woodrow Wilson, Franklin D. Roosevelt, and Albert Einstein, among others. , vice president of marketing and product management for Financial Profiles. "Our approach provides a single, secure and scalable data flow that can easily integrate with user preferences to help financial advisors quickly gain greater trust and larger sales from their clients." Enabling Profiles+ Matrix functions in the Professional lines of products adds approximately $250 per license per year to the standard desktop costs. About Financial Profiles Inc. Financial Profiles offers the 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. industry comprehensive financial planning software, and consulting, training and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The company began in 1969 as a service bureau offering needs analysis reports for insurance and financial services representatives worldwide, and today works with many nationally recognized financial services organizations. For more information about this or other Financial Profiles products and services, visit the company's Web site at www.profiles.com. (C) 2003 Financial Profiles Inc. All rights reserved. Profiles+ is a trademark of Financial Profiles Inc. All other trademarks are the property of their respective owners. |
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