How Does Mutual Fund Software Help Manage Huge AUM?

Managing a huge Assets Under Management (AUM) is no easy task. For Independent Financial Advisors (IFAs) and Mutual Fund Distributors (MFDs), handling a large number of clients, reports, and transactions can be overwhelming. That’s where mutual fund software for IFA comes in—it helps streamline operations and manage AUM more efficiently, allowing MFDs to focus on business growth.

Key Challenges in Managing Large AUM

Handling Multiple Clients

As AUM increases, so does the number of clients. Managing individual portfolios, addressing client queries, and ensuring investments are on track can become chaotic without the right tools.

Sharing Reports and Updates

Clients expect timely reports on their investments. Manually generating and sharing reports with a large client base is time-consuming and prone to delays.

Onboarding New Clients

Traditional onboarding processes involve paperwork and back-and-forth communication, making it slow and inefficient for MFDs handling multiple new clients.

How Does Software Help With Handling AUM?

Handling crores of AUM isn't easy, which is what REDVision Technologies understands and offers an easy solution in the form of a software that helps in business operations by automating them.

Digital Onboarding

Portfolio Management software offers digital onboarding, speeding up the process and reducing paperwork. It helps MFDs onboard clients quickly and efficiently, improving client satisfaction.

Instant Online Transactions

With mutual fund software, clients can make instant online transactions, removing the need for manual processing. This saves time and allows MFDs to manage multiple transactions seamlessly.

Portfolio Management and Client Reporting

The software helps track and manage client portfolios in real time. Automated reports can be sent directly to clients, reducing manual effort and improving communication.

Conclusion

Managing a large AUM is a challenge, but mutual fund software simplifies the process by handling digital onboarding, transactions, and client reporting. If MFDs are constantly tied up with manual processes, they won’t have time to focus on growing their business. By embracing technology, MFDs can ensure smoother operations and dedicate more time to scaling their business.