Project Description

Client Profile

Our client offers investment management and financial planning services for individuals, families and institutions. Firm’s vision included the establishment of a financial services company based upon Biblical principles that offers sound investment and estate planning counsel along with discipleship training for its advisors and clients. Client believes that the best method for delivering financial planning and investment solutions is through advisors. The main business of our client is in transitioning of financial advisor into a Registered Investment Advisor (RIA) platform. The client approached Olive Technology for determining a turnkey solution for consulting and implementation of complete back office solution for a registered investment advisory and also building the technology required for implementing these services in a geographically dispersed environment.

Back office service portfolio

  • Transaction Processing Services
  • Setting up new client accounts
  • Mapping of accounts to the portfolio
  • Setting trading restrictions
  • Creation of trades
  • Monitoring and rebalancing account portfolios o Management fee billing services

The Solution

Setting up New Client Account

Olive Technology provides new account opening services, editing and updating services for the existing accounts for the clients.

Mapping of accounts to a portfolio

After opening the accounts with money manager, the clients select their portfolio to invest their principal based on the guidance of the money managers. A processor at Olive Technology maps such accounts to the portfolios selected by the clients so that their monies get invested in portfolio of their choice.

Setting trading restrictions

Some investors would like to restrict their principal from trading for reasons such as averaging their positions when the price of the security falls or they need cash very frequently. Other investors choose monthly withdrawal plan (fixed amount or % of cash every month) or sometimes restrict to trade in few sectors such as tobacco, oil etc. At Olive Technology we ensure to protect the clients by taking care of such requirements.

Trading Activities

Our processors create the trades of buying and selling of securities on behalf of the RIA.

Monitoring and rebalancing account portfolio

Mapping client account to a recommended portfolio doesn’t end the process; we at Olive Technology also monitor the portfolios at regular intervals and rebalance the portfolios to adjust to their target positions.

Management fee billing services

Billing procedure involves creating a billing profile for the client and mapping the client’s account to the fee schedules provided. At Olive Technology we create the billing profile for the clients and also map the clients account to the fee schedule selected by the client. We do management fee billing for every quarter at a percentage charged by Money Manager on the market value of the respective portfolios of the clients.