What Makes Mutual Fund Software an Essential Part of MFD’s Business

Posted by Wealth Elite on July 21st, 2022

The main work of mutual fund distributors is to avail mutual fund schemes to their clients so that clients can make investments to earn returns on them and distributors will earn a commission for providing the distribution service. The trial commission increases with an increase in the client’s investments and the scheme’s holding period. To earn a higher trial commission MFDs need to sustain their clients and provide the best services that cause investors to stay invested in the same mutual fund scheme for a longer time.

Now when we are talking about providing the best service to customers then it’s not the only work that distributors perform to run their mutual fund business. Providing ease of investing, timely updates regarding investor’s portfolio, performing research for availing better options to clients, delivering services whenever the client wishes or requires and many other tasks are there that distributors do. This long list of distributors’ work adds complexity to their organization’s functions.

To endow a platform from which distributors can complete all their tasks, a mutual fund software for distributors named Wealth Elite that is the most suitable module to supervise mutual fund investors and fulfill their requirements.

Specialties of Wealth Elite

  • Separate login windows for IFA, Corporate, Back-office Employee, Sub-broker and Branch.
  • Convenient Video KYC and client onboarding process.
  • Magnetize new clients with the Online ATM feature.
  • Design a form and know all clients’ risk appetites without contacting them individually.
  • Provide desired limited access options to your employees and sub-brokers.
  • Client’s portfolio research and mutual fund scheme’s research
  • Easily download and share various reports with clients.
  • Client can view the portfolio and invest in the absence of the distributor.
  • A mobile phone is enough, to continue running your business from a remote location.
  • Persistently updating new features to give distributors a competitive edge.

The software is a complete pack of mutual fund distribution service solutions, that enables the distributor to keep working anytime and from anywhere without the need for other resources than an internet connection and a device to use the platform.

In the absence of the digital medium, distributors will face many problems ahead which will complicate the growth of the firm like time taking process of online KYC and client onboarding, unavailability of research tools and reports, and dependency on other humans for running the organization in distributor’s absence. Thus, the mutual fund software is an essential part of a mutual fund distributor’s business.

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Wealth Elite
Joined: April 17th, 2021
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