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Platform System Selection

Learn about Crestone's rich heritage and the requirements for their wealth management platform. Discover why Avaloq was chosen and the platform selection process. Explore the benefits of choosing Avaloq for enhancing client experience, adviser efficiency, compliance risk minimization, and operational efficiency.

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Platform System Selection

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  1. Platform System Selection • February 2016 • Michael Chisholm—CEO Crestone

  2. Agenda About Crestone Platform requirements Platform selection process Why Avaloq

  3. 1 About Crestone

  4. About Crestone Heritage • Acquisition of UBS Wealth Management Australia Limited. • 75 years experience. Scale • AUD15 billion of client invested assets, >70 experienced client advisers. Target clientsegments • Focus on HNW and Ultra HNW. • Domiciled primarily in Australia and New Zealand. Locations • Offices in Brisbane, Sydney and Melbourne.

  5. Our goal To be the leading wealth management firm for HNW and UHNW clients, and for financial intermediaries who service this segment. Client needs Asset allocation and structuring advice covering global markets In-depth security and sector advice Control over the investment decision making process Bespoke solutions tailored for their circumstances Text Text Text

  6. Global research Critical success factors • Global product coverage 1 To deliver truly exceptional results, Crestone must deliver on four key areas Text Text Text • Integrated technology platform 2 • Staff experienced in multi-asset advice and delivering bespoke solutions 3 4 Text

  7. 2 Platform requirements

  8. Platform requirements • 1. Enhancing the digital client experience and platform for ongoing enhancement 2. Integrated front-to-back system 3. Comprehensive global investment product coverage (securities, OTC, managed funds, multi-currency, lending, ETDs) 4. Sophisticated reporting functionality 5. Broad execution functionality 6. Support compliance obligations – domestic and global 7. Operational efficiency 8. Proven experience in the Australian market, especially tax regulations 9. Support our financial intermediary business 10. Competitive pricing

  9. 3 Platform selection process

  10. Platform selection process 9 months Detailed description of present and future requirements RFP preparation Analysis of potential vendors and RFP distribution Analysis of the vendors’ proposals (eight vendors) Final screening (three vendors) • State of the arttechnology • Potential to deliver operational efficiencies • Strong commitment from the vendor to the project • Alignmentwith strategy • Participation ofnumerous units of the organisation • Intense communication effort • Top management involvement

  11. 4 Why Avaloq

  12. Meeting our requirements Enhance client experience • Adaptable to constantly changing client needs • Client experience differentiation • Innovationwith new products and services Enhance Client Adviser efficiency • Easily accessible information with drill-down capabilities • In-built tools to support monitoring and advice processes • Remote access with full functionality Minimise compliance risk • Leverage technology to meet compliance obligations • Support for regulatory and compliance changes • Greater ability to supervise and monitor our business Increase operational efficiency • Automatemanual, bespoke and complex requirements • Standardoperations and higher straight-through processing (STP) • Provision of best-in-class industrialisedprocesses

  13. Questions

  14. February 2016 • Level 32, Chifley Tower • 2 Chifley Square, Sydney NSW 2000

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