Value DeliveredThe new Wealth Management application embraces two main user roles – advisor and client – to provide the end-to-end experience for both types of users. It also keeps the system aligned with the cloud-based management software Lucia Capital Group utilizes and client financial information from the Orion and Quovo accounting systems.
Reliable Investment Strategy Tracking for End ClientsLucia Capital Group strives for transparency between advisors who build investment strategies and clients – the investors. AltexSoft fashioned a clear and intuitive user experience to let clients easily compare how their assets perform against advised plans. The dashboard and other reporting tools help visualize the data feed, which made the tracking clear even for nonprofessionals. The client-facing environment also allows users to directly contact their advisors with questions or upload documents through the system.
Streamlined Strategy Development and Adjustments for AdvisorsAltexSoft established a productive line of communication with Lucia Capital Group advisors to understand the challenges of strategy development and simplify these processes in the final solution. To set up a Bucket Strategy, an advisor leverages multiple client-related data feeds from software programs Quovo and Orion, which source investment data from banks, funds, and stock trading platforms. The client’s personal profile is synchronized with Salesforce. Then the system leads an advisor through multiple wizard-guided steps that allow for considering all client assets and withdrawals. The strategy can be built in a fully manual or semi-automatic way and then be further adjusted. The tracking environment makes asset performance tracking simple and allows for timely reinvestments and alignments within the chosen strategy.
Building a SaaS Solution that Cross-integrates with Salesforce, Orion, Quovo, and EgnyteLucia Capital Group uses Salesforce for the majority of internal customer management operations. Using APIs as a middle layer of communication between the product and other services, the team achieved comprehensive cross-integration of all systems. Salesforce integration provides advisors with a single sign-on to the Wealth Management environment through the Salesforce account. It also transitions client profiles assigned to advisors inheriting all Salesforce security and access management settings. Thus, advisors can start working with particular clients without manually adding the profiles to the system. Orion and Quovo integration streams the client asset data from these software programs into the Wealth Management environment, making it simple to track how investments perform against the set strategy. Egnyte integration supports attachment management.
Approach and Technical Info
AltexSoft covered the entire development process from requirements analysis to launching and maintaining the product. Although the client had a legacy system before, a set of Bucket strategy formulas was the only inherited aspect of the old technology. In order to rebuild the Wealth Management environment from the ground up we used the dedicated team model.
The project was handled by the team of a business analyst, UX/UI designer, a lead architect, three .NET engineers,and a manual QA engineer.
The development of the final version took 6 months.
The Wealth Management application is powered by the .NET framework; the presentation layer is realized with the use of AngularJS. The system resides in the Azure Cloud and works with the Microsoft SQL database.
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