Oakbrook Solutions Celebrates Two Years in Production with WealthWorx®, $3.4 Billion in New Assets

Share Article

WealthWorx®, the BPM solution for wealth management, has on-boarded over three thousand client accounts totaling $3.4 billion in new assets in its first two years in production. Over 100,000 WealthWorx processes have been completed including 3,275 new accounts, 8,679 asset transfers, and 22,965 account service requests.

WealthWorx The BPM Solution for Wealth Management
“Crossing these benchmarks in a 2-year period shows just how valuable WealthWorx is in helping organizations not only achieve but exceed client service and growth objectives," said Tony Painter, CEO, Oakbrook Solutions.

Oakbrook Solutions announced today that its industry leading BPM solution, WealthWorx®, has completed its second year in production. Since its first client implementation in 2010, WealthWorx has processed over 100,000 processes, including 3,275 accounts, 8,679 asset transfer requests, and 22,965 account service requests. In total, over $3.4 billion in new client assets have been processed. Achieving these numbers firmly establishes WealthWorx as a leading solution to account on-boarding, compliance, risk, data quality, and process efficiency challenges facing the industry.

WealthWorx, a total process automation and management solution consisting of pre-developed workflows, integration, and delivery expertise fundamentally changes the way financial services firms, trust companies, and brokerages manage their operations by providing a platform that makes processes and their results transparent and collaborative.

“We developed WealthWorx specifically for the Wealth Management industry to address industry challenges and to provide a solution for organizations to achieve client service and growth objectives,” said Tony Painter, CEO, “Crossing these benchmarks in a 2-year period shows just how valuable WealthWorx is in helping organizations not only achieve but exceed these objectives. We are excited for the future in our ability to assist new clients in reaching this same level of success.”

WealthWorx enables companies to achieve efficient growth and significant reduction in risk through its audit capabilities and management controls. Today, Oakbrook continues to expand on the functionality of WealthWorx and have developed a series of additional services that add significant value to clients, including Required Minimum Distribution processing for Individual Retirement Accounts.

About Oakbrook Solutions, Inc.
Since 1999 Oakbrook Solutions Inc. has been the leading systems, process, and delivery expert for the Wealth Management industry. We provide consulting services and software solutions that solve problems commonly faced within our industry. Through our focus, expertise and commitment to our clients, we have successfully serviced firms of all sizes, from start-up organizations to the world’s largest financial institutions. For more information, visit http://www.oakbrooksolutions.com.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Ashley Love Miller
Visit website