24 October 2017
Find out more

First Niagara Bank licenses Financial Profiles wealth management platform

17 July 2006  |  1196 views  |  0 Source: Financial Profiles

Financial Profiles Inc., the standard for planning and advice solutions, announced today that First Niagara Bank has signed a multi-year license agreement to deploy its comprehensive Profiles+ Professional solution with Asset Allocation to the firm's wealth management group.

"We are committed to a community-oriented philosophy that enables us to offer personal and commercial banking as well as investment and insurance products through banking centers, ATMs and financial services subsidiaries," said Annette Kajtoch, Program Manager and First Vice President for First Niagara Bank. "Using Financial Profiles' planning and advice software will significantly enhance our ability to solve each of our client's unique financial needs quickly and effectively."

Profiles+ Professional gives bank representatives the power and flexibility to handle a diverse cross section of customers. The modular presentation and analysis format allow financial services professionals to foster a collaborative relationship. First Niagara's use of the Asset Allocation module also allows their wealth management group to classify assets.

Financial Profiles' planning solutions have demonstrated their ability to improve customer relationships and sales. A recent survey of 100 independent reps shows that nearly 50 percent witnessed an increase in sales from using Financial Profiles' solutions, with more than 20 percent of those advisors seeing sales rise anywhere from 25 to 50 percent. Nearly 60 percent of the advisors surveyed also garnered one to five customer referrals from each client who had received a financial plan created using Financial Profiles' applications.

"Banks have the unique ability to identify other opportunities to service their customers, and technology providers like us need to help them do so productively and successfully," said William Landes, Vice President of Sales at Financial Profiles, Inc. "We are committed to making it easy for financial services firms, like First Niagara Bank, to identify and solve more of their clients' needs in order to realize increased sales and customer loyalty."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register now visit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20229 views comments | 31 tweets | 43 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15430 views comments | 24 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11102 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9225 views comments | 15 tweets | 29 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job