Corillian Wealth Management ™

Customers using wealth management services are among a financial institution's most profitable customers. These customers need a wide range of services online, and they need to share information with financial advisors both inside and outside the financial institution. Corillian Wealth Management enables financial institutions to meet those customer needs.

Corillian Wealth Management provides visibility into investment accounts within and across financial institutions, and enables planning and advice based on that information. Wealth management customers can initiate trades, conduct research, and view stock tickers, market data and electronic trade confirmations. Further, Corillian Wealth Management enables advisors, or other authorized representatives, to perform transactions on behalf of their customers.

Corillian lowers the total cost of ownership for online banking by delivering the best-in-class Internet banking solutions on Corillian Voyager, which is the platform common to all Corillian line of business applications.

Advisor Collaboration
Corillian Wealth Management facilitates the optimal mix of high-touch and high-tech, by making high-touch more efficient, while enabling self-directed activities. Corillian Wealth Management allows customers and advisors to see the same screens, and to share files and other information. The delegation of varied authority to advisors in different roles (e.g., financial advisor, lawyer, tax accountant), enables the advisors to work interactively with their customers through multi-party, real-time interactions, shared information and joint planning, and by conducting authorized transactions.

Real-time Information Access
Corillian Wealth Management provides customers with online access to all the investment account data available on the financial institution’s host systems, such as details of individual holdings, tax lot accounting positions, pending activity and open orders, activity since the last statement, previous statements, and gain/loss calculations by holding and by category. Corillian Wealth Management also provides portfolio summary data, such as asset summaries, income summaries, net worth statements, yields, and asset allocation summaries.

In addition to data access, Corillian Wealth Management provides the charts, graphs, electronic statements and forms, such as 1099, that these customers need.

Planning and Advice
Corillian Wealth Management delivers multi-goal-based advice, calculators, and charting integrated with the customer’s aggregated information. This capability enables the customer to be as involved in the planning process as desired, and the investment manager, through collaboration, can guide and advise the customer as necessary.

Research and Market data
Wealth management customers need information from their financial institution and from disparate sources that will enable them to make intelligent investment decisions quickly. Market, economic and other business news, proprietary and third-party research, real-time quotes, customized stock tickers, watch lists and screeners for individual equities, bonds or funds all enable customers to manage their wealth and investments better. Corillian Wealth Management provides integrated access to such valuable information to customers who make their own investment decisions, and those who rely on advisors.

Trade Execution
Corillian Wealth Management enables the financial institution to leverage its trading capabilities by exposing them to the customer in the internet channel.

Secure Single Sign-on
Corillian Wealth Management integrates with Corillian Consumer Banking, Corillian Small Business and other Corillian line of business applications through single sign-on to give customers a seamless online experience covering all their banking needs. Consolidation of all lines of business onto a single platform brings the customer the benefit of integrated online banking and investment functions, and saves the financial institution the cost of operating multiple disparate platforms.

Real-time Alerts
Wealth management customers need up-to-the-minute information about changes in market conditions, but investment advisors often do not have the time to alert their customers personally. Corillian Wealth Management delivers alerts to email or wireless devices of changes in market conditions, such as price and volume, and timely information relating to account balances, transactions and payments.

Account Aggregation
Corillian Wealth Management delivers account aggregation through Corillian One Source Register for any account requested by the customer. The register can also be used to store and track off-line data, such as the equity value of real estate, or the value of precious metals or collections. Account aggregation enables the financial institution to become the focal point of the wealth management customers’ financial management, and so improves retention.

Bill Payment and Presentment
Corillian Wealth Management provides the convenience of pay-anyone capability. With this functionality, wealth management customers can receive bills electronically and schedule immediate, future-dated, and recurring payments. Wealth management customers may also give trusted advisors access to pay bills on their behalf, while maintaining control by requiring their approval for payments that exceed specified thresholds.

PFM Integration
Corillian Wealth Management enables OFX full-synchronization and real-time download capability for users of personal financial management (PFM) software, such as Intuit Quicken™ and Microsoft Money™.

Electronic Statements
Corillian Wealth Management permits access to electronic copies of presented check and account statement images, which relieves wealth management customers of the headache of storing and searching through paper statements, while reducing mailing costs for the financial institution.

Account-to-Account Funds Transfer
Increasingly brokerages and investment houses are offering wealth management customers the ability to electronically transfer funds into their accounts from banks and other financial institutions. In order to compete, financial institutions need to enable customers to transfer money from other institutions. Corillian Wealth Management provides electronic account-to-account transfers, so financial institutions can increase wallet share while providing wealth management customers with a single destination to manage their finances easily.