![]() Lastly, the platform can generate over 200 types of presentations and reports. The product sends out alerts for upcoming key tasks and appointments, and all user activity is fully stored in audit trails. In the event that a client passes away, the system can manage all inheritance planning. Once a plan is fully fleshed out, users can directly work with clients and receive collaborative feedback. As users enter clients’ financial data into the program, it can create visualizations for cash flow, set financial goals and milestones and generate what if scenarios for potential cash-related problems. Select CustomersĬontact vendor directly for case studies.ĮmX Pro is a financial planning software solution that is designed to work with clients throughout their entire lives. Vendor works with customers of all sizes. Product is available as a SaaS solution that requires no additional hardware. Wealth-management clients are charged not by the number of advisors using it but on factors such as the number of client plans they predict they will use it for and the complexity of those plans.Contact vendor directly for pricing information. Pricing: Conquest typically charges $25 to $50 per large enterprise client plan, depending on complexity, Evans said. “That will probably end up doubling by the end of this year.” Conquest clients have done close to 750,000 plans with the software, Evans said. Wealth management firm adoption: Users include IG Wealth Management, Sun Life, Canada Life, Investment Planning Counsel, Worldsource, Canadian Western Bank, Wellington-Altus and CG Wealth Management. ![]() “You’re not dealing with a client bringing in their shoebox full of statements and having to wade through those.” Advisors can import a firm’s existing data (from Salesforce, for example) into the Conquest software. ![]() I don’t want to work part time during retirement.’”Ĭonquest makes the client engagement process “much more technology driven,” Evans said. The client can then say, for example, “‘No, I don’t like that one. “You can just say, ‘OK, SAM, you create the plan for me,’” Evans said, and it will start selecting strategies. The Conquest Strategic Advice Manager (SAM) uses artificial intelligence to analyze what would happen, for example, if a client were to save more, delay retirement or sell their house. “It’s kind of like editing a plan that somebody has built for you as opposed to having to start from scratch,” Evans said. The Conquest software lists possible strategies to meet the client’s goals and ranks those strategies based on their impact. Problem it’s trying to solve: Advisors don’t like to pick strategies by trial and error in front of clients, as doing so can undermine their authority and reduce clients’ confidence in them. Service: Software that lets advisors provide customized financial plans according to clients’ circumstances, cash flow, goals, priorities and risk tolerance. Funding sources from previous rounds include the fintech strategic investments group at Eight Roads and IGM Financial. CEO: Mark Evans, who was the CEO (from 1990 through 2012) of Emerging Information Systems Inc., the developer of the NaviPlan financial planning software, which is now owned by Advicent Solutions.įunding: Since inception in 2018, Conquest has raised $34.5 million - including a $24-million round in February backed by Fidelity International Strategic Ventures, Portage Ventures, BNY Mellon and RBC.
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