Best MF Software & Platform for Independent Financial Advisors in India
Updated: Aug 21
Introduction of Best Software for IFAs
In the ever-evolving landscape of financial services, independent financial advisors (IFAs) have emerged as unsung heroes, providing personalized guidance and tailored solutions to their clients. These professionals act as trusted partners to help investors navigate the complex realm of finance, investments, and wealth management.
The path of an independent financial advisor is indeed challenging. From managing client relationships to staying abreast of regulatory changes, IFAs face many challenges in their day-to-day operations. This is where technology enters the picture with innovative, up-to-date, and user-friendly Software & Platform services. However, finding the best software for IFAs is often a game of thorns for these professionals.
In this blog post, we’ll explore the difficulties & challenges faced by IFAs in their day-to-day operations, how technology helps overcome these challenges, and how technology companies tirelessly work to provide the best software services to IFAs.
We’ll also dive deep into the outstanding features of the best platform for IFAs, and how we strive to provide not just software but a comprehensive platform with an entire range of seamless features & benefits to enhance the technological experience and ease of business for the IFAs.
Challenges Faced by IFAs
Imagine the dawn of a morning when you have become a qualified & Independent Financial Advisor, ready to help investors in their investment journey to achieve financial freedom. You are equipped with up-to-date knowledge of market performance and industry news and want to help investors tap into newer & unexplored investment opportunities. You start with a bang, but during the course, you find that your business needs to scale up and is currently far from achieving targets. You realize you could have done more with technology and innovation instead of manhandling all operations & queries. Suddenly, a genie appears to help you with your search for the best platform for IFAs that would not just ease your business but boost its growth.
Power of Technology to overcome business challenges
With the advent of technology & Artificial Intelligence in every possible domain, including the finance industry, it is high time IFAs tap into the new powers of technology to enhance their business. In recent times, many technology companies have emerged to fill this gap and help IFAs & other finance professionals increase efficiency & effectiveness in their work by providing innovative software products.
Software is great! Companies providing the best SaaS for IFAs ensure to take care of various requirements, including a user-friendly technological interface for IFAs to analyze & manage client portfolios, review investment performance, manage clients through unique & individual profiles, safe & secure payment methods, online application, and compliance forms, all for a subscription. While many companies offer ‘the best software for IFAs’ and are as good as each other, it’s not everything. Your business needs more hands-on support. That’s why we are here to facilitate and enhance your business with more than just software that streamlines operations.
Benefits of using the AssetPlus Platform:
At AssetPlus, we offer more than just software for IFAs!
We cater to the needs of IFAs through our digital platform, which is accessible anywhere, anytime, and on any device. We provide our service through a web version dashboard and mobile applications for mobile users.
Here are ten reasons why smart IFAs like you need more than just software to run your business.
Keep reading to know more about India's Best Platform for IFA.....
Powerful & innovative technological features are essential not just to automate and ease operational activities but also to build a brand, learn on the go, stay updated with industry trends, handle client grievances & expand beyond geographical boundaries to help more investors make informed & profitable investment decisions.
Realizing the urgency to fulfill the above needs inspired us to build a comprehensive digital platform that will help you with the following features:
1. Manage your business digitally, anytime anywhere.
2. Access to all AMCs
Often, IFAs & MFDs need help with the process of partnering with individual AMCs, banks, Insurance companies, etc., to sell their respective investment products. This is where we help you. It takes 180 seconds to empanel with us once and gain access to all the AMCs and mutual fund schemes available in India.
3. Earn more revenue
The benefit of partnering with us is the ability to earn greater revenue from the upfront commission. While most software services are partnered with only select AMCs and provide access only to select investment products, we have, on the other hand, empaneled with all the AMCs in India. This enables IFAs to sell any mutual fund scheme from any AMC. Also, with one-time empanelment on our platform, IFAs are practically saved from the time-consuming process of negotiating commission & brokerage from each AMC individually. The additional benefit is that we provide the best industry brokerage for all investment products.
4. Cater to a wide variety of investors through our broad bucket of investment products
As an IFA, we understand your requirement to cater to a wide range of investors with different investment opportunities & not just stop with Mutual Funds. In addition, we also know that the secret of success is effective portfolio diversification & risk management. That is why we offer a diverse range of product basket that includes mutual funds, corporate fixed deposits, national pension system, and many more exciting products in the coming months.
5. Operational & Support services including client queries & compliance with rules & regulations
Another crucial aspect of becoming a successful IFA is to comply with all the regulatory requirements as a professional and on behalf of investors. Don't worry. You are not alone in this journey. With the help of dedicated relationship managers and an entire team to guide operations, grievances, support & regulatory compliances, we help you run your business with utmost ease.
6. Experience the most comfortable user interface to manage portfolios and view clients under your own branding
The most promising feature that speaks of our success and guarantees the satisfaction of IFAs is our user interface. Empanel with us & create a digital space to handle your entire client base through our app & portal. Onboard your clients, monitor & analyze individual client portfolios, review investment performance, generate reports, and conduct your business online anywhere anytime on any device. IFAs can also view all their clients grouped under their own branding, including a consolidated AUM report to measure the performance of their business.
7. Business Development strategies to boost your business growth
Reaching out to potential investors to educate and persuade them to invest and start their wealth-creation journey is a task you will manually handle with other software services. We provide complete training & business development support to reach out & convert potential clients into active investors and strategies to upscale your business efficiently and effectively.
8. Research and knowledge insights about latest industry & market trends
Markets are constantly changing, and the finance industry is booming at a pace like never before. Often, it becomes a challenge to stay updated on the latest industry trends. We have you covered with our detailed market research, up-to-date industry news, and data points. Utilize our resources, stay ahead in your learning curve, and always feel confident when updating yourself.
9. Build your brand with our unique cobranded marketing collaterals
While an increasing AUM & expanding client base is crucial, building your brand paves the way to achieving all your business goals. We help you create a niche by building your brand identity through our exclusive and dedicated co-branded marketing materials and regular communications & awareness on products to share with your clients.
10. Lastly, get access to all the above features for lifetime, absolutely at free of cost.
Though many software services provide comprehensive features to ease your business, they all come with a cost that adds up to your operating expenses, thus reducing your profits. Now get relieved from the worry of parting with your earnings as we provide you with a platform that charges you zero cost. Your growth & success is our vision.
Best software for IFAs CTA with Assetplus
Partner with us today for Best Mutual Fund Software for IFA and take your business to greater heights Give link to Sign-up page to Become an Ifa advisor with Assetplus. Just Whatsup with us. Frequently Asked Questions for Best Software for IFAs In India:
What is the best software for Independent Financial Advisors (IFA) in India?
The best software for Independent Financial Advisors (IFA) is one that enhances ease of business and helps them in their business growth. At AssetPlus, we provide you not just software but an entire platform that involves exclusive features & benefits to take your business to greater heights.
What factors should I consider when selecting software for my IFA business?
Some of the factors to consider when selecting the best software for IFAs may include:
Innovative & user-friendly digital interface to perform business operations
Automating features that updates client portfolios & track investment performance
A comprehensive resources section that contains industry related news, market performance & other updates
Operational & support features to easily manage client queries & grievances
Online feature to digitally fill applications and comply with rules & regulations
Is customer support an important factor when choosing an IFA software?
Yes, customer support is indeed a crucial feature in any software. Prioritizing customer satisfaction is essential for every business, and having the ability to interact with customers, gather feedback, and address grievances is of utmost significance. A software solution that offers robust customer support plays a pivotal role in ensuring business success and fostering positive client relationships.
How should I compare pricing for different IFA software options?
When comparing pricing for different IFA software options, it's important to consider factors such as upfront costs, subscription fees, and additional charges for specific features or services. Evaluate the value provided by each software in relation to your business needs, including client management, reporting capabilities, integrations, and support. Look for transparent pricing models and consider long-term scalability and cost-effectiveness. Don't solely focus on price; prioritize a software solution that aligns with your business goals and offers the necessary tools to enhance your services and optimize operations.
Are there any free IFA software options available?
Many software that help IFAs in their businesses often charge a fee by name of subscription or premium to access advanced features & benefits. Though these added features are absolutely essential for the increased productivity of business operations, IFAs have to compromise on their profits because of increased operational costs. At AssetPlus, we offer more than just software – an entire platform of comprehensive features designed in the most innovative and user friendly manner to help IFAs in their business. This platform is available both in web & mobile versions and comes absolutely at free of cost.