RFP News

SAGE SA launches Prospero’s new SIP module

Published on 22 Jun 2012

SAGE SA has just launched the latest addition to its flagship Wealth Management solution Prospero - a complete set of features designed to automate the Systematic Investment Plan (SIP) process. The new addition is a module which enables SIP investments to be directly added to a client’s portfolio allowing for flexible selection of plans, execution of trades and automatic processing.

Prospero is a suite of solutions precisely fitted to the needs of specific segments of the financial services industry and covers all aspects of financial operations: Wealth Management, Asset Management, Fund Administration, Family Office, and Portfolio Optimization. The addition of Prospero’s SIP module ensures that clients have better control over their investment decisions while also helping to limit losses. It is also an attractive tool for Dollar or Money Cost Averaging (DCA) to help reduce volatility in the worst of market conditions.

“With today’s uncertain markets and the very thin margins in the financial industry, you need a tool that can automate trades and manage a higher volumes of trades”, states Tarek Hamdan, Chief Marketing Officer of SAGE. “Our new SIP module answers a need of large financial institutions that need to lower their operational risk, while increasing their client base by proposing innovative products.”
 

Key features of Prospero’s Systematic Investment Plan (SIP) module include:

-Subscribe to flexible SIPs with different execution dates, and modify the SIP anytime during its life
-Use for Dollar Cost Averaging (DCA) plans and Systematic Withdrawal Plans (SWP)
-Select investments from an approved list of securities
-Contribute for SIPs for any amount and for any frequency
-Keep track of failed / successful subscriptions with exception reports
-Collect contribution from one portfolio (e.g. father) and distribute in a different portfolio (e.g. child)
-Check online cash availability
-Set-up retry count for failed subscription for each client SIP level
-Send SIP subscription orders in a workflow of authorization (maker / checker)
-Define your own SIP status and query on them
-Calculate using flexible commission schedules and book trades seamlessly in portfolios 
-View your SIP investments with your other investments under one consolidated statement
-Use SIP with a wide array of Wealth Management features such as Order Management, Portfolio rebalancing and analytics

Prospero is currently used by prominent financial institutions in Switzerland, Europe, and Asia Pacific as they rely on Prospero to expand their market share in Wealth Management.

Tags

Product type:	Risk Management | Trading Systems

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