Accounting and Financial Software
Software delivers wealth management solution.
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Press Release Summary:
NorthStar v4.5 provides financial advisors full lifecycle advisory capabilities to acquire, implement, and manage client assets in holistic and compliant manner. For accurate view of assets, liabilities, and cash, software is able to import external holdings from most portfolio management systems or downloads from web sites. Self-service reporting enables organizations to render reports for both prospects and existing clients using their own asset and liability classifications.
Original Press Release:
NorthStar Release Extends Enterprise Wealth Management Capabilities
Designed in Collaboration with Leading Wealth Management Clients
SAN FRANCISCO, Aug. 15 // -- NorthStar, a leading provider of enterprise-class wealth management software solutions to the financial services industry, announced the general availability of NorthStar 4.5. This release increases the client-driven best practice functionality in NorthStar's five solutions, and is deployed both on-premise and on-demand.
"NorthStar's latest release further demonstrates our strong collaboration with clients and prospects to identify and deliver functionality that truly adds value at every stage of the wealth management lifecycle," said Juergen Dittgen, Senior Vice President of products and field services at NorthStar. "We continue to add capabilities that empower wealth managers to create a holistic understanding of their clients' wealth, and manage the relationship accordingly."
NorthStar 4.5 features new and extended client wealth management capabilities, new self-service reporting, enhanced reliability and scalability, and administration support across the entire suite of solutions.
More Holistic Client Wealth Management
Wealth Managers can now get an increasingly holistic view of their client's financial picture with access to more comprehensive balance sheets and net-worth statements. This functionality supplements NorthStar's current client household information, portfolio composition, portfolio evaluation, and client advisory dashboards. To ensure an accurate view of all types of assets, liabilities and operational cash, NorthStar 4.5 supports the ability to import external holdings from most portfolio management systems or downloads from web sites. In addition, NorthStar 4.5 helps advisors get an entire snapshot of client third-party relationships such as attorneys, custodians, CPAs, etc., dramatically reducing the time it takes to locate information about the roles key relationships play for their clients.
Scalable Reporting Support
NorthStar 4.5 is the first enterprise wealth management solution to provide self-service reporting, enabling organizations to create and administer custom product classifications. Firms can now render balance sheets and other key holdings reports for both prospects and existing clients using their own asset and liability classifications. As a result, the new reports are flexible enough to meet the needs of even large organizations without requiring elaborate or expensive customizations. "Supporting custom asset and liability classifications helps our clients reinforce their competitive differentiation," said Mr. Dittgen. "Providing the flexibility to administer classifications at both the firm level and the user level allows firms to establish consistency across the workforce while giving portfolio construction specialists the freedom they need to design unique portfolios to meet the needs of ultra-high net worth clients."
Enterprise Deployment Enhancements
NorthStar 4.5 is designed to deliver widespread adoption in large production environments. This release extends the value of NorthStar's services-oriented architecture and robust integration capabilities. For instance, NorthStar 4.5 can now run in a clustered WebLogic Server environment, which improves application availability and performance. Plus, NorthStar now offers automatic single sign-on capabilities for enterprise users to ensure faster, seamless application access. NorthStar also improves application availability by automatically monitoring the presentation generation processes and self-correcting as necessary, allowing advisors to focus on building their business of high net worth prospects without worrying about the reliability of their proposal generation tools.
"We see an increasing number of firms moving into a new phase of wealth management, one of holistic service powered by integrated, best practice-based technology solutions," said Collin Cohen, President of NorthStar. "NorthStar is proud to work closely with our ever-growing list of clients to design and deliver software solutions that empower full-service wealth management. This release -- our fourth in two years -- continues to support the expanding needs of our clients and prospects and helps them further achieve their business goals."
About NorthStar Systems International, Inc.
NorthStar is a leading provider of enterprise wealth management software solutions to financial services institutions, including broker dealers, banks and trusts, asset managers, and service providers to Registered Investment Advisors. NorthStar's suite of software is comprised of five solutions that empower financial advisors and their teams with full lifecycle advisory capabilities to acquire, implement and manage client assets in a holistic and compliant manner. The solutions, and modules within them, can be seamlessly integrated with each other to support the functionality and phasing which meet the specific challenges of the firm.
Sales & Proposals -- Capture investor profile information, quickly
analyze current investments (including external assets), run
hypotheticals, and easily produce professional, compliant proposals.
Planning -- Analyze an investor's portfolio, their financial situation
and prospective wealth scenarios to quickly design a tailored investment
plan and comprehensive Investment Policy Statement.
Product Catalog & Research -- Access a comprehensive, open-architecture
product catalog to easily find, compare and analyze investment, banking
and insurance products.
Portfolio Construction -- Construct and implement highly customized
portfolios using eligibility and suitability rules, sophisticated
analytics and expanded screening and filtering capabilities.
Client Wealth Management -- Manage an entire wealth management practice
with 360-degree client views and portfolio reporting tools that
facilitate browsing, analysis, monitoring and reporting on and across
client relationships.
NorthStar is backed by venture capital firms Benchmark Capital, H.I.G. Capital, and Chess Ventures, as well as Silicon Valley Bank, and leading financial services institutions including Goldman Sachs, Morgan Stanley and Merrill Lynch. For additional information, visit www.northstar.com.
Media Contact:
Jakie Kangas
NorthStar Systems International, Inc.
415-344-6140
jkangas@northstar.com
Source: NorthStar Systems International, Inc.
Web site: www.northstar.com/
