California Adviser Rolls Out Cloud-Based Platform

The cloud-based software-as-a-service (SaaS) streamlines adviser workflows by integrating client relationship management (CRM), email, calendaring, compliance, document storage, report generation, a client portal and portfolio management tools in one software program.

Each component can be accessed from anywhere in the program, the firm says. Omniscient also gathers reconciled data from all the major custodians daily. The program’s enterprise-level dashboard provides a real-time overview of everything happening in a financial advisory business.

The dashboard lets advisory firm owners and managers run day-to-day operations efficiently and effectively, delegate tasks more easily, and provide supervision and support for advisers and staff.

Omniscient was originally designed to help Felipe Luna, chief executive officer of CONCERT Wealth Management, scale his business and work more effectively with CONCERT advisers nationally. The software worked so well that Luna spun it off into a separate company, independently managed from CONCERT. During the last two years in beta, nearly 300 financial advisers and staff have been using Omniscient.

Because Omniscient is online and cloud-based, advisers can log in from any computer, tablet or smartphone. Omniscient securely manages all of the advisers’ data, with no need for additional hardware, software or IT support.

Many financial advisers devote a substantial amount of each workday on paperwork, repetitious data entry, and navigating back and forth between different software programs and websites to get their daily tasks done, according to Eric Horton, vice president of Omniscient. “Because Omniscient includes the tools advisers use all day long,  and those tools are all within one program, Omniscient dramatically streamlines the process of getting work done,” Horton says. “Beta users report that Omniscient has helped to reduce stress and frustration, and it has given them back a big chunk of their day.”

More information about Omniscient Enterprise Advisor, including a short introductory video, is on the Omniscient website.