Consulting & Software Development
for Wealth & Asset Management Companies
What we offer
Wealth Management Software Solution Assessment
Analyze your CRM, KYC, IPS, asset allocation, rebalancing, trade execution, and client reporting business processes and get a report outlining:
Software automation gap analysis
Data integrations quality
Usability & performance assessment
Technical debt
Software modernisation plan
Wealth Management Product Discovery
Describe to our discovery team your high-level vision of CRM, KYC, IPS, asset allocation, rebalancing, trade execution, or client reporting automation. We will convert your vision into a clear:
Structured requirement documentation
High fidelity interactive prototype
Software architecture
Wealth management product delivery plan with timeline and budget estimates
Dedicated Team
Get a managed team to take over the entire or part of your development - from requirements analysis to design to deployment to product with unique expertise in wealth & asset management domain . We set up, manage and scale a team of professionals that corresponds to your technical requirements and cultural expectations. With Sombra, you have access to:
Expertise in wealth & asset management
Experienced Managers, Analysts, Designers, Engineers, QAs, DevOps
Team that shares your culture & processes
Regular and clear communication
Comfortable time zone overlap
Project-Based Development
Get a desired wealth management software product built and put into production on time & budget using best usability, software development and security practices. We will take your requirements, designs, architectural preferences and integration points and turn them into working software using an agile approach with regular demos and updates. By working with Sombra, you will get:
Expertise in wealth & asset management
Software, working as agreed
On time & budget delivery
Clear communication and regular demos
Best usability, architecture and security practices
Integrations
Technical Expertise
Modern Digital User Experience
Optimize the time of advisors and increase client engagement with your wealth management software by analyzing main pain points and introducing best practices in the user journey.
Cloud Migration
Increase security, improve usability and reduce maintenance costs by migrating your wealth management software to modern and robust cloud providers like Microsoft Azure, Amazon or Google Cloud.
API integrations
Substantially improve analytics and decision making of advisors by integrating your wealth management software with popular APIs like MorningStar, BlackRock, Addepar, Salesforce, RedTail, TradingView and 100+ others.
Data pipelines & analytics
Remove data duplication and uncover hidden correlations in your wealth management data lake by building robust centralized data pipelines and analytics engines using tools like Azure Data Factory, AWS Glue, Kibana, Grafana and many others.
Performance Optimization
Reduce time spent by your advisors and employees waiting for loading of reports, data extraction and upload, portfolio optimization, and many more. This is done by combining our deep software architecture expertise with usability research to provide fast software response.
AI/ML models for data analysis and prediction
Improve data analytics and prediction using ML/AI models and technologies like TensorFlow, PyTorch, Scikit and others. Introduce Generative AI tools like ChatGPT, Google Bard, Midjourney, and many others to improve communication patterns.
Blockchain integration
Leverage the latest popular cryptocurrencies like Bitcoin, Ethereum, Tether (USDT) or stablecoins by adding crypto wallet integrations into your software and retrieving necessary data to obtain portfolio analytics. Add crypto to your trade execution processes by integrating with popular crypto-exchanges like Kraken, Binance, and others.
Cybersecurity
Introduce modern and safest practices in cybersecurity of wealth management software products and data management processes. Sombra has wide experience preventing attacks like DDoS, 0-day, XSS, CSRF, MITM and others using approaches and technologies like OWASP, multi-factor authentication, Role-Based Access Control, Okta, Cloud Security.
Fuctional Expertise
CRM
The first step of a client journey. We have worked with the WealthCraft, Salesforce, PipeDrive, HubSpot, RedTail, and others
KYC
Automated KYC process ensures your operating efficiency. Sombra develops software to cover ID verification, AML, Customer due diligence, and risk assessment steps. We integrated with ONYX, Unitrax and Plaid
IPS
A partially online Investment Policy Statement saves a lot of time for your advisors. We help you collect client data and determine risk profiles, objectives, constraints, and behavioral biases
Asset Allocation & Rebalancing
We develop software for tailored asset allocation, rebalancing, funds composition, launching and supporting funds, and management fee calculation. Also, we integrate with Morningstar Investor, Fidelity, Aladdin (BlackRock), SimCorp and others
Trade Execution
Minimizing slippage costs is a key to decrease your tracking error. Sombra automate this process but also can integrate with Bloomberg, eSignal, CharlesRiver, Eze, and others
Client Interactions
Effective interactions with clients have become a big deal. We deliver high-quality UX in such areas as client platforms, website development, video portfolio performance, and reporting
Advisor Platform
Sombra developed an advisor platform that enables portfolio analysis via fund comparisons, correlation, Monte Carlo simulation, scenario analysis, and MER advantage calculation. It also provides insights into the advisor's operational metrics, such as sales, client growth, etc.
Regulatory & Compliance
We have deep knowledge of the financial regulations in our primary markets: the US, Canada, and the UK. So you can be sure to adhere to SEC, FinRA, and NASAA in the US, CSA and IIROC in Canada, and FCA and PRA in the UK. Sombra integrates with Apiax, ComplianceEase, AQMetrics, and others
Technology Stack
- Back End
- Front-end
- DevOps & Cloud
- Databases & Integrations
Java
Spring
Hibernate
Okta
JAX-RS
Kafka
Camunda
.NET Core
ASP.NET
nHibernate
Blazor
WPF
Python
Django
Flask
SQLAlchemy
PyTorch
Node
Express.js
NestJS
Why choose Sombra
Trusted by the world's leading financial firms
We're a trusted service provider for one of the world's top 10 banks. With over seven years of cooperation, Sombra has gained exclusive finance expertise and helped boost the client's 5-year AuM CAGR to 9.2% and annual net income - to 12.9%.
Regulatory compliance of financial software
ISO 27001, SOC2, PCI DSS, and other certifications prove we're a reliable wealth management software vendor. The software we develop also complies with GDPR, Bill C-81, and other necessary regulations.
83 NPS score in 2023
Our clients, like Wineshipping, Studio Ninja, and Waterford, highlight Sombra’s technical expertise as well as communication. Wherever our client is from, we ensure the creation of synergy of productive collaboration through effective communication.
Have a question? Speak to our IT asset management software development consultant
Featured Content
Contact us via email
sales@sombrainc.comOur sales offices
Denver CO, USA HQ
+1 303 800 5406Toronto, Canada, Sales Office
Yuriy Nakonechnyy
