Financial Services
Enhancing operational efficiency. For the business, and for your advisors.
Our team has hundreds of person-years of business and technology expertise in the brokerage industry. We provide architecture, system and business analysis, software development, testing, and project management for Broker Dealers, RIAs, and Custodians.
Our knowledge of challenges related to acquisition integration, data aggregation and/or migration, and back-office conversion logistics have helped many leading firms speed up their projects and avoid costly mistakes.
Fee-Based Advisory Implementations
We provide expertise for the implementation and management of fee-based advisory solutions that are profitable for the broker/dealer and efficient for advisors.
CRM & Financial Planning Integration
Our integration experience with leading CRM and Financial Planning Systems allows us to bring flexibility and selection to your advisors.
Broker/Dealer Acquisition Integration
We can facilitate speedy integration of broker/dealer acquisitions, minimizing impact on your operations and quality of service, and reducing risk of advisor departures.
Portfolio Management & Rebalancing
Our experience with portfolio management and rebalancing platforms will help you select and implement the right vendor, helping you get to market quickly.
Direct Business Processing Optimization
We can guide the implementation of best practices for direct business processing to optimize your process efficiency and reduce your compliance burden.
Advisor Portals/Workstations
We can redesign your Advisor’s Knowledge Library websites and content management processes to facilitate better self-service and decrease volume of calls to your call centers.
Commission Processing Overhaul
We can overhaul your commission processing systems to provide additional payout flexibility for advisors without compromising accuracy or operational efficiency.
Success Stories
Advisor Group Data Warehouse
The Challenge
A large independent Broker-Dealer in the US wanted to improve its sales management reporting by having timely business intelligence capabilities across their aggregate data while reducing the costs incurred by external data providers.
The Solution
Norima provided expertise to assist in the conversion of data feeds from their current providers to a more streamlined process through their clearing firm. Over the course of 6 months, Norima’s experts managed communications with key contacts at various product sponsors and clearing firms, tracked and reported on-going progress of conversion effort, conducted parallel testing of data provided by third party data providers and clearing firms, and developed necessary data warehouse components and related ETL processes to develop the specific BI solution required.
The result was a business intelligence solution that provides better sales management reporting at significantly reduced annual data processing costs, providing ROI almost immediately.
Cetera Payout Reporting
The Challenge
A mid-size financial services company provides comprehensive broker-dealer services, innovative technology, and competitive advisory programs for approximately 5,000 independent financial professionals and more than 700 financial institutions.
The Payout Reporting project was a Norima led engagement for one of the independently managed broker-dealers that is the company’s business partner. The objective of the project was to extend the existing proprietary reporting platform to include new centralized payout administration utilities and the addition of four new payout reports.
The Solution
The payout reporting utilities enabled program managers from a bank and members of the company’s home office team to set up joint or shared selling relationships for advisors and to manage the associated payout schedules for business conducted through those relationships. The reports eased the process of monthly payout calculations by providing users with a detailed and summary payout report which calculated a base monthly payout for each financial advisor.
Norima provided a project team of five consultants who worked closely with the company’s development team to deliver an integrated solution that satisfied all business requirements and works well within the existing technology framework.
Ceridian Lifeworks Mobile App
The Challenge
Ceridian is a global product and services company delivering trusted results and transformative Human Capital Management technology. They help organizations save time and money, increase employee engagement and productivity. Ceridian’s award-winning products and services deliver trusted results to more than 140,000 customers in 52 countries. Ceridian – Transforming Human Capital Management since 1932.
The LifeWorks product team at Ceridian Canada & US had a strategic objective to provide their customers a Mobile version of www.lifeworks.com. The mobile solution enhances the overall awareness and functionality of the LifeWorks solution specifically and Ceridian’s Employee Assistance Program (EAP) in general. Ceridian engaged Norima Consulting Inc. to deliver the mobile solution.
The LifeWorks service is a comprehensive EAP, Work-Life, and Wellness program that provides employees and family members with access to telephonic, in person and online services to address personal and work related issues. Employers realize returns in reduced absenteeism, increased productivity, lower turnover, and reduced health care costs.
The Solution
Norima developed a mobile application that can run on all three major mobile platforms: Apple, Android, and Blackberry while utilizing logic and integration of existing web-based LifeWorks. Norima leveraged the existing web application to its full potential and developed a hybrid mobile solution.
Ceridian is very pleased with the product Norima has developed and plans to continue building on its success in the future.
