Enterprise Legacy System Modernization for Wealth Management Platform

The client’s existing wealth management platform suffers from outdated technology, insufficient documentation, and suboptimal user experience. The legacy codebase hampers operational efficiency, increases manual workload, and limits the scalability of the platform to support business growth. Manual processes, such as client billing and communication, consume significant time and resources, hindering client service and operational agility.

A mid-sized financial advisory firm specializing in wealth management, seeking to enhance operational efficiency, client engagement, and platform performance through modernization.

• Reduce manual administrative workload by automating routine processes, such as client billing and communication, targeting a time savings of over 320 hours per quarter.
• Enhance platform performance and stability through code optimization and updated technology stack.
• Develop a user-friendly client portal providing real-time financial information, improving client experience and reducing dependency on advisor calls.
• Improve operational efficiency by streamlining business workflows and integrating third-party payment solutions.
• Modernize the legacy codebase by migrating from outdated technologies to contemporary frameworks aligned with current business needs.

• Legacy code audit and refactoring to improve stability and maintainability.
• Migration to a modern technology stack, replacing obsolete frameworks with scalable, high-performance solutions.
• Development of a secure, user-friendly client portal with features to manage financial profiles, goals, and investment reports.
• Integration of third-party online payment systems for automated billing and client charging.
• Enhanced UI/UX with clear workflows and user flows to facilitate easy navigation and client engagement.
• Comprehensive system testing and performance optimization to meet desired stability and responsiveness standards.

• Third-party online payment providers for automatic billing and charging.
• Existing client data systems for financial profile and reporting data exchange.

• System should be capable of handling concurrent access by multiple clients with minimal latency.
• The platform must ensure high security standards to protect sensitive financial data.
• Reliability and uptime targets of 99.9% to support business continuity.
• Scalability to accommodate future growth in client base and feature expansion.

The modernization initiative is expected to significantly reduce manual processing time, saving approximately 320 hours per quarter on client billing routines. Enhanced platform stability and performance will improve user experience and operational efficiency. The new client portal will provide real-time financial insights, reducing the need for direct client-advisor communication and improving client satisfaction. Overall, the project will enable scalable growth, improved client service, and optimized operational workflows, aligning technology capabilities with strategic business goals.