What’s In My Wealthstack: How SignatureFD’s CIO Left The Server Behind

Remember the days when we were stuck with the old server-based version of Junxure? It was like working in a clunk factory. The rigidity and lack of flexibility made scalability enormously challenging. More so, it was becoming its own complex and cumbersome beast that we had to wrestle with daily. Realizing the necessity of keeping abreast with the cutting-edge technological advancements, we have successfully migrated to Salesforce.

Today, we’re not just working on the Sales Cloud, but also contemplating moving to the Salesforce Financial Services Cloud. Our journey has been smoother, smarter, and more agile with Salesforce. We’ve recognized that today’s business landscape calls for scalability, and Salesforce has been instrumental in helping us grow in that direction.

Going Beyond the Limitations of Junxure

One key aspect we always consider when migrating to a new system is the ease with which we can extract our data. Junxure posed quite a challenge. The data structure was so complex that our developers toiled endlessly trying to retrieve crucial data. It was a period marked by extensive effort, frustration, and yes, even some tears were shed. We ended up leaving some data behind simply because the process became too taxing. But hey, sometimes you have to let go and keep moving forward.

On the bright side, our experience with Salesforce has been more favorable. The integrations have been fantastic, and we find the custodians are stepping up their game as well, integrating more smoothly with Salesforce. All these enhancements make retrieving data less of a battle and more of a breeze.

Revamping Rebalancing Tools

Next, we took on the mammoth task of replacing our last server-based software, iRebal. Although iRebal is excellent at what it does, its standalone, server-based limitation didn’t bode well for our future aspirations. Therefore, the move to a more scalable solution, Orion Eclipse, became inevitable.

We are currently in the process of transitioning from iRebal to Orion Eclipse. We are thrilled with this new addition to our tech-stack. Orion has already demonstrated improvement in performance this year and has satisfied our expectations for the solution’s readiness.

Changing Tides in Financial Planning

The financial landscape is changing, and so are our financial planning tools. Case in point: eMoney. While top-notch in what it offers, eMoney falls short when it comes to integration capabilities. With growing market demands, this lack of integration sends us looking for alternatives. The good news is that eMoney is starting to offer some Application Programming Interface (API) solutions. As this plays out, it could open doors to exciting possibilities.

As we ramp up our financial capabilities in the digital age, we understand the importance of integrating effective tax planning solutions. In the past couple of years, we’ve begun using Holistiplan, and it’s been an amazing journey so far! The automation it offers has not just lightened our manual workloads, but also expanded our client scope—allowing us to serve tax analysis to broader audiences.

It’s important to note, however, that we’re not abandoning Bloomberg BNA Tax Planner, which has served us well in the past. Holistiplan simply supplements where Bloomberg’s capabilities taper off. So, it’s not about switching one for the other; it’s about marrying the best of both to deliver superior services to our clients.

This inspiring journey, from the clunky era of Junxure to the dynamic era of Salesforce and Orion Eclipse, is an exhilarating testament to our desire for evolution and excellence. We have learned, progressed, and successfully incorporated ever-improving technology for our business needs, ensuring we remain at the forefront of the financial services industry.

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