Activity framework and workflows
The investment advice processes of Infront Advisory Solution are based on a framework of activities. Together with Infront Portfolio Manager, the framework allows to represent your individual investment advice processes.
Activities are used to represent and record client-relevant processes. Activities usually consist of several subactivities that are assigned to a responsible advisor. Activities contain the data necessary for the investment advice workflow. Activities have a status such as "Open", "In review" and so on. Furthermore, activities can contain attachments, for example the MiFID form or the investment advice minutes.
Example
Examples for activities and the corresponding workflows:
- WpHG data recording
- Investment advice
- Transaction without advice
- Internal note
- and many more
The "MiFID data recording" can consist of the following process steps:
- Start page for recording the base data, appointment information and the participants
- Selecting a MiFID form type (natural person, company, minor and so on)
- Base data (general data and client data)
- Investment objectives
- Financial situation
- Calculation and risk class presentation
- Base data, knowledge/experience of (co-) account holders
- Creation and display of MiFID form
- Completion of activity to confirm and archive the documents
The surface for the data recording is automatically and dynamically generated during the individual process steps based on the specified process definition.
Customising the processes
The flexibility of the activity framework allows to represent any investment advice workflow and tailor it to the actual existing processes of your bank. The activities are customised in Infront Portfolio Manager by using the MM-Talk formula language as well as tables, reports and other elements. Here, you can also implement your models for checking the appropriateness and suitability and define your Focus list with your bank's security recommendations.
The configuration of the individual processes is carried out in cooperation with Infront as project work.