InvestLink by DatafactionCREATE A CONSOLIDATED VIEW OF YOUR CLIENTS’ WEALTH

AND ENABLE SCALE IN YOUR OPERATIONS WITH INVESTMENT INTEGRATION

Business managers and family wealth firms need to provide clients with a comprehensive set of consolidated reports on a frequent basis. But creating reports that include both personal finances and investments can be a challenge.

Providing a complete view of client wealth often requires extensive manual data retrieval and entry. Team members might have to transfer data from brokerage statements or export spreadsheets from an investment reporting system into a general ledger. This process is time-consuming, error-prone, and non-scalable.

It’s also an infrequent process. Many firms can produce comprehensive reports only quarterly. But in today’s world of instant access to data, quarterly reporting no longer meets client expectations.

That’s why Datafaction is introducing AgilLink’s new investment integration capability, InvestLink. InvestLink enables you to seamlessly import investment data into a general ledger so you can create comprehensive, consolidated reports for your clients. In addition to improving the quality of reporting, you can increase the frequency of your updates and streamline your operations.

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Enable consolidated financial reporting by automating integration of investment data with personal financial information

InvestLink

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Why InvestLink?

• Create a consolidated balance sheet that includes each client’s investment accounts as well as the client’s personal financial and tax data.

• Produce income statements that include interest and dividend income.

• Prepare tax estimates that include the taxable events occurring in your clients’ investment portfolios.

• Deliver reports on a monthly or weekly basis.

• Eliminate errors and refocus team members on client interactions.

• Create scale in your operations: Add clients and accounts without adding staff.

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BUSINESS MANAGEMENT FIRMS: DATA AGGREGATION FROM INVESTMENT ACCOUNTS

Unlike family offices, business management firms do not typically use investment reporting systems today—they are not responsible for monitoring clients’ investments and tracking overall asset allocation. However, they are responsible for providing comprehensive financial and tax reporting that includes any investments a client might own.

InvestLink eliminates the manual rekeying of investment information from brokerage statements into a general ledger. Account data aggregation capabilities can pull data from hundreds of investment sources. Through an API connection, InvestLink draws investment position and transaction information from custodians on a nightly basis, enabling your firm to generate consolidated, up-to-date balance sheets with detailed investment and financial information.

INVESTLINK API: DATA AGGREGATION

Consolidated net worth

Data aggregator

External institutional custodians

InvestLink

“ InvestLink has made the process of reconciling our clients’ investment accounts less labor- intensive and much more efficient. With transaction and investment holding data feeding directly from custodians into our accounting software, [InvestLink] ensures our clients are getting the most up-to-date, accurate information, and significantly improves our financial reporting.” Peter Garelick Wealth Manager, Global Business Management, Inc.

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FAMILY OFFICES: INTEGRATION WITH LEADING INVESTMENT REPORTING SYSTEMS

Many family offices have separate, disconnected systems. The investment reporting system does not talk to the general ledger system. Too often a spreadsheet glues information together, but it does so in a cumbersome and inefficient way. These firms need to integrate systems so they can build a best-of-breed technology stack and avoid having to manually rekey data or use spreadsheets.

InvestLink integrates investment data from industry-leading investment reporting systems with AgilLink’s

financial accounting data, creating a best-in-class reporting platform. Using a secure connection, InvestLink regularly pulls key investment information into the general ledger that is mapped to your chart of accounts. You can specify which investment accounts and what level of data you want to integrate— from valuation updates to recent transactions—so you can create the tailored reports you need and your clients demand.

INVESTLINK API: SYSTEM INTEGRATION

Data source

Investment systems

Destination

InvestLink API

Consolidated net worth

Banks Custodians Managers

InvestLink is a service mark of Aspire Financial Services, LLC, which is not affiliated with Datafaction.

© Datafaction 2019 - All Rights Reserved. Datafaction is an RBC company and is an affiliate of City National Bank, Member FDIC.

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BEST-OF-BREED TECHNOLOGY STACK

InvestLink enables you to use a best-of-breed technology approach with tightly integrated, industry-leading solutions. You no longer have to be locked into an all-in-one system that suffers from some weak links. You can meet the needs of your business and your clients without compromise.

COMPREHENSIVE REPORTING WITH GREATER FREQUENCY

Integrating investment and financial information enables you to produce better, more comprehensive reports that provide a consolidated view of your clients’ wealth. You can easily generate net-worth and income statements, balance-sheet reports, as well as consolidated trial balances. All of your financial reports from AgilLink can now include investment data.

By drawing information from leading portfolio management systems or from electronic account data aggregation, InvestLink empowers you to deliver reports more frequently than before. Instead of producing only quarterly reports, you can offer monthly or even weekly reports—presenting clients with the latest information.

INCREASED EFFICIENCY AND IMPROVED SCALABILITY

InvestLink helps improve the accuracy of data integration by avoiding error-prone manual data entry. And by reducing the time previously allocated to data entry and reconciliation, you can refocus staff on high-value functions, including spending more time interacting with clients.

By enhancing the efficiency of operations, InvestLink helps you better scale your business. Add clients and offer new services without having to hire more staff to do manual integration of investment and financial data.

LEARN MORE

Ready to learn more about InvestLink? Contact the Datafaction sales team at (323) 291-5700 or sales@datafaction.com. Or visit datafaction.com.