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Empirica offers an intelligent robo-advisory platform for wealth managers with the strongest algorithmic engine on the market that allows to build sophisticated investment algorithms. It uses Artificial Intelligence to give advisors unique insights about their clients to lower churn and increase engagement. These two characteristics make the Empirica Robo Advisor completely unique within the robo advisory space. And it will make your offering unique on the management market.

Why Choose Empirica Robo Advisor?

  • Sophisticated automation with powerful algorithmic engine

    Built-in algorithmic engine brings you a full automation of the investment process. Launched in 2010 Empirica-Advisor has been improved continuously to meet the highest technical requirements. Trusted by leading brokers, it has already made our clients not only award winners, but record breakers.

  • Decreased customers churn with AI

    Intelligent reporting and customer behavioural analysis conducted by Machine Learning Algorithms gives you full range of possibilities that can help you to predict and prevent many factors, such as customer churn.

  • Advanced portfolio management and risk profiling

    In cooperation with scientists from the Economic University of Wroclaw, we are developing advanced models of financial planning and risk assessment.

  • Open connectivity and system integration

    The unit is connected to Interactive Brokers and ready for integration with a full range of brokers as well as the existing systems and advanced infrastructures.

COMPONENTS OF THE ROBO ADVISOR PLATFORM

Investor Dashboard

The Investor Dashboard provides the user with a full portfolio view, instead of a selective one of financial products only. It gives them the possibility of real time portfolio monitoring via user-friendly analytical tools for the visualization of the portfolio structure (e.g. instrument type, sector or region) and risk parameters. The Platform provides real time and historical information on the portfolio over the selected period.

Discover advanced charts and diagrams on the Investor Dashboard by requesting a demo presentation.

Algorithmic Engine

The uniqueness of Empirica Robo Advisor lies in its integration with the Algorithmic Trading Platform, the advanced and complete environment for building, testing and executing trading algorithms. The platform has been successfully implemented in many financial institutions and surpasses the scrupulous technical requirements such as high throughput (1K msg/sec) and low latency (<1ms). The algorithmic engine allows the definition of its own algorithms and uses them in other investment products without having to implement a trading infrastructure. No other robo-advisor software producer offers the use of in-house algorithmic execution like that of Empirica. The software is fully open for the integration across different brokers and markets. Read more about Empirica’s Algorithmic Trading Platform…

Investor onboarding with balance projection

A fully customizable interactive questionnaire helps to create the customer’s risk profile and to fit adequate investment strategies to it. The risk profile of the customer can be created based on customized parameters defining the overall risk aversion level, user expectations, lifetime goals and the way of making important financial decisions.

Visualization of balance projection applied in Empirica Robo Advisor is using Monte Carlo simulation, shown as an eye-catching dynamic chart, gives a substantial advantage over the traditional questionnaires, by interactively showing the customer dependencies between the answers from the questionnaire, risk profile, proposed investment strategy and long term financial goals. Showing the customers their future profit and giving them an interactive influence on it is a great way of increasing their engagement in proposed investment strategies and making them a long-term customer, who won’t change their decision in the first market downturn.

Asset Allocation & Portfolio Rebalancing

Allocation of client assets to different financial instruments should be relevant to the user’s risk profile and execute the long term investment strategy. Empirica Robo Advisor allows the user to automate asset allocation using customized investment algorithms. Automated Portfolio Rebalancing is a fundamental function of any robo-advisory service. With Empirica Robo Advisor, it is possible to set the automated portfolio rebalancing with requested frequency. The rebalancing mechanism is implemented in the algorithmic engine, so its logic can be fully adjusted to asset management requirements.

Find out more about asset allocation by requesting demo presentation.

Advisor Console

The Advisor console offers a full range of tools for monitoring and managing investor portfolios. The dashboard of Empirica Robo Advisor allows the user to track and analyze customer behavior and react appropriately if they are going to change or give up with their investment strategy. Advisor get all the tools needed to communicate with investors efficiently – automatic and manual notifications, mail and sms alerts. The asset manager gets a view of performance of individual portfolios as well as an aggregated view on assets under management. The integration with external systems such as market data providers or broker systems is also controlled from the Advisor Console.

Behavioural Analysis backed by AI

Behavioural analysis of the functions of Empirica Robo Advisor, backed by AI and machine learning, allow the user to deepen their understanding of client behaviour, to predict their reactions and influence the decision-making process. With behavioural analytics, it is possible to predict and react in advance of a customer’s behaviour – combined with market situation and other factors – indicate there is a high probability of losing them. Tracking all customer actions, analysing them, finding common patterns in vast amounts of data, making predictions and offering unique insights for fund managers delivers a powerful tool not previously available to wealth managers.

Portfolio Construction & Optimization

The allocation and selection of different financial instruments for an investment portfolio must be adequate to the investor’s risk profile and the long term investment strategy. Therefore Empirica Robo Advisor grants wealth managers to automate the  procedure of asset allocation using customized investment algorithms. Empirica Robo Advisor supports two approaches: First Discretionary portfolio management with providing each and every investor with a unique and most suitable portfolio according to their risk aversion. Portfolio optimizations are based on well-known methodologies such as mean-variance (MPT) or Black-Litterman. Second approach provided to wealth managers is Model Portfolios, with a fully customizable logic of automated assignment of portfolios to clients. wealth management firms interested in this approach are given a comprehensive set of tools to build or import their model portfolios.

Portfolio Health Analysis

Using Adviser console, wealth managers are given the advantage of viewing analytics and insights on their chosen and desired pool of instruments used in their portfolios. The analytic module in Empirica Robo-Advisor is using variety of methods to assess each instrument individually or all instruments as a whole, and provide insights on changes whether positive or negative. These analytics later could be directly used to enhance portfolios offered to your customers.

Questionnaire Builder

Wealth managers using Empirica Questionnaire Builder can create and edit various type of questions such as single choice, multiple choice, range and etc for their on boarding questionnaire. Questionnaire builder is an intelligent way of creating questions with the purpose of risk profiling for the on-boarding procedure.Each questions and answers will indicate to your model portfolios and provides a solid coordination to map your customers risk profile and your defined risk levels.

Delivery process for Robo-Advisor Platform

Digital transformation of wealth management in 3 weeks

GET STARTED

There are only 3 steps of the implementation process of Empirica Robo Advisor in your wealth management practice:

  • 1. Simple Licence

    Get and review the specification of the platform. Sign our licence agreement. Flat fee for 1 year, no hidden costs.

  • 2. Customization

    We align your Robo Advisor with your company branding materials, set up your on-boarding questionnaire and configuring it with your defined risk levels to generate client portfolios.

  • 3. Ready to go

    After 3 weeks you are ready to launch. From now on, most of your business activities are digital and your team has more time to focus on attracting new clients. Meanwhile your clients are more engaged with real time portfolio updates in beautiful user experience.

FUTURE ENHANCEMENT & MAINTENANCE

Deployment, support and maintenance is on us, no hardware costs for you. As your system is working perfectly on our servers you are free from all tech worries. The packages are easy to upgrade.

Frequently Asked Questions (FAQ)

In which countries does Empirica Robo Advisor operate?

We have local presence in United Kingdom, Poland and Finland and are in the process of building it in other countries like Germany, Switzerland and Netherlands. We aim to be global robo advisory software provider therefore we are up to date with the regulatory requirements on all major markets.  Our system has built-in mechanisms that allow implementation of wide range of regulatory constraints. Let us know if you have questions regarding the specific requirements in your country.

How does Empirica Robo Advisor integrate with my custodian, broker or bank?

Open mechanisms of communication applied on architectural and API levels allows us to connect to any broker, custodian or data feed within a maximum of 2 weeks. Let us know in the process of system customization about your requirements in this area, and we will give you detailed answers with possible deadlines.

How does the white labelling work?

It depends on the product business model. We start from aligning the platform with your company branding materials (logo, colour palettes, layouts), but offer full range of customization, like implementing your wealth management processes and transaction execution strategies. Our platform is more than just a white label solution. It can be fully customized according to your specific needs. In our approach, the platform adjusts itself to wealth managers processes not the other way round.

What trading algorithms does Empirica Robo Advisor utilize?

You can implement any unique algorithmic strategy with usage of our API and deploy it into our platform or let our team do it for you. This gives you great possibility to apply most sophisticated algorithms and differentiate your robo-advisory offering on the market. Our platform includes basic allocation strategies and we offer a full range of testing tools.

Is it possible to integrate Empirica Robo Advisor with a third party software?

Yes, Empirica Robo Advisor is built on open architecture and uses standard communication mechanisms like REST API that allow to integrete with third party software like external data feeds, portfolio management software, banking or custodian systems. Our development team will be happy to support you with its broad experience in integration of complex systems.

How do I get started with my Robo-Advisor?

First choose your preferred product version from the Empirica-Advisor business models and request the demo presentation. Within 24h you will receive the response and will be provided with the next steps to set up the online presentation. After exploring Empirica-Advisor, you should have all the answers to your questions and can make a decision. When you decide to buy the system, with the Primary model, you sign our license agreement, customize the platform within 3 weeks and then you start signing up clients. More advanced models require more details from your side to set a road map for your project. We will provide you with further steps regarding the implementation process during the demo presentation.

Does Empirica provide financial advice?

No, Empirica does not provide investment advice. Empirica is a vendor of a fully automated robo-advisory platform – software solution for wealth managers, offered in SaaS or on premises models.

Does Empirica use my client information and investment strategies?

Absolutely not, Empirica is fully committed not to access to your client’s privacy, financial planning or confidential material.

INSIGHTS

Digital revolution in wealth management

“The financial services industry is undergoing a seismic shift. Automation introduced by robo-advisors is part of this transition. The next 5 years will most likely alter the competitive landscape for Asset Managers. Financial advisors have to take into account new technological models, both robo and hybrid advice, that help to manage and grow their businesses and keep them abreast of the latest industry developments. Both FinTech start-ups and traditional asset managers are focusing on digital and automated investment solutions to respond to the growing expectations of investors and to address major challenges facing the industry, such as pressure on lowering fees and generational changes. There are some important experiences and insights we would like to share according to our robo-advisory and algorithmic trading platform implementations.” – Michal Rozanski, CEO of Empirica S.A.

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If you are planning to grow your business with robo-advisory solutions, request a demo presentation.