Subscription to iWealth confers a lot of benefits to users because the product offers easy access, simplifies information management, creates confidentiality, and aids clarification of documentation for clients. These advantages are broken as below –
iWealth provides convenience to users and readily makes available financial services and account management information to clients. This product delivers streamlined and efficient ways for clients to access their resources and interact with Norrenberger on matters related to the App performance.
Easy access is powered by the iWealth digital platform which provides a user-friendly interface that enables clients to access accounts anytime, anywhere, manage wealth, and access information securely. It also enables comprehensive information about clients’ accounts and investments to be displayed on a dashboard to help clients track progress toward their financial goals and take decisions on their financial futures.
A seamless flow of communication is also possible through multiple channels to facilitate easy and efficient client-Norrenberger interaction.
iWealth’s easy access facilitates convenience, transparency, and effective communication, which ultimately leads to building stronger client relationships and helping clients achieve their financial goals with greater ease.
Information management in iWealth includes implementing efficient systems, technologies, and practices to ensure the accurate, secure, and accessible management of information, i.e. organizing, storing, and retrieval of clients’ investment information. Information management here involves data collection, integration, validation, security, analytics, and reporting to ensure accurate, consistent, and reliable data for decision-making while protecting sensitive information from unauthorized access, breaches, and cyber threats.
By effectively managing information, iWealth can streamline operations, and enhance client service. The robust information management systems embedded in iWealth will facilitate efficient data handling, analysis, and reporting, ultimately contributing to overall success. Users can view their account statement of net worth on the go.
The confidentiality benefit layer of iWealth is the strict protection and non-disclosure of sensitive client information to third parties. This is a fundamental principle that fosters trust and strong client relationships. Key aspects of confidentiality ensure that client asset information is not exposed and is thus protected from unauthorized access. Access to sensitive data is granted on a need-to-know basis, limiting disclosure to those directly appointed by the client.
By upholding strict confidentiality, iWealth can protect client privacy and build trust. We know that confidentiality instills confidence in clients that their asset information is handled securely and with the utmost respect for their privacy rights. The client’s information and data are stored securely.
iWealth ensures that the asset information documented is clear, accurate, and easily understandable for clients, without any ambiguity or confusion. Clarity of documentation is crucial in wealth management to facilitate effective communication, transparency, and comprehension. By prioritizing clarity of documentation, iWealth enhances transparency, builds trust with clients, and promotes effective communication. Documents that are clear, concise, and easily understood empower clients to actively engage in the management of their wealth and facilitate open dialogue between clients and Norrenberger. Information provided by users is stored and readily available for future retrieval
Disclosure ensures clients have transparent financial information that promotes trust and regulatory compliance; that the information is made available on a need-to-know basis. iWealth will help ensure effective disclosure practices that foster transparency, trust, and client empowerment. By providing clear, comprehensive, and timely information, iWealth enables clients to make informed decisions, understand the risks involved, and actively participate in managing their wealth. It also helps to comply with regulatory requirements and build long-term client relationships based on transparency and accountability. Because information is made available on a need-to-know basis or as designated by a client, delivery of the statement of net worth to the administrator(s) or next of kin ensures that assets are not lost in oblivion in the case of untimely death.
