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.
The most competitive Robo Platform on the market
Choose freely your execution model
Our embedded algorithmic engine provides a full choice of execution models for transactions: automated within our system, integrated with an external system or manually. Rebalancing and any other trades can be driven by individual passive or active strategies, with no limits on throughput and latency. Live market connections keep portfolio valuations updated real-time.
Feel the pulse of your customers
Artificial intelligence gives you insights that allow to optimize the interaction with your potential and existing customers. Improved understanding of their situation, needs and concerns directs you to customize your initial service proposition, address upselling opportunities or prevent worried customers to leave the service.
Make it yours – make it unique
Creating a unique service goes way beyond customization and branding. It’s about customer experience, service logic and perfect processes underneath. Most areas of our platform are easily customizable, but beyond this we think of ourselves as your software partner in creating exactly the kind of service experience that you have in mind.
Features for managing investors
Investor risk profiling
Registration & KYC
Investor and AUM analysis
Communication and reporting
Communication and reporting
Customer health check
Features for managing services
Model portfolio construction & optimization
Discretionary MPT portfolio management
Broad market connection
Strategy tools & API (application programming interface)
System administration dashboard
Flexible questionnaire builder
System setup options
Customization and UX
Multichannel access on many levels and from variety of devices
At home where you are
Your connections included
Meeting the compliance requirements
Open mechanisms of communication applied on architectural level guarantee easy connectivity of our system. Most commonly the connections are based either on API adaption or FIX protocol. We are also certified for direct connection to stock exchanges.
We might already have a connection to your broker, custodian or market feed supplier. If not, we provide without additional charge the integration to them in the usual case that their interface is commonplace. In addition we always make sure that our system is seamlessly connected to your existing system environment like CRM or your current trading platform.
The functionality of the platform has been designed to meet the typical requirements of regulation. This covers aspects such as risk profiling, KYC, transparency of trading, reporting of performance and transactions, fee management and data protection. Our system comes with a compliance reporting tool. All these capabilities are the basis for easy adaption to the individual regulations on your market.
COMPONENTS OF THE ROBO ADVISOR PLATFORM
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.
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.
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.
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
There are only 3 steps of the implementation process of Empirica Robo Advisor in your wealth management practice:
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.
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.
The disruptive changes introduced by FinTech companies bring…
If you are planning to grow your business with robo-advisory solutions, request a demo presentation.