Wealth Dynamix launches first simplified Client Lifecycle Management benefit calculator for Wealth Managers

LONDON, 23 June 2022. Wealth Dynamix today announces that they have launched first CLM benefit calculator for Wealth Managers.

Using a handful of typical use case throughout the client lifecycle, the benefit calculator gamifies business case generation by allowing firms to generate the likely benefits of migrating to a digital-first CLM platform – all reflected in terms of revenue in, or costs out of the firm.

The use cases include increases to prospect win rate and share of wallet via responsive nurture processes and opportunity management. Secondly, the cost savings by reducing the man hours during the onboarding process – which Wealth Dynamix say they can do within a single day – as well as the increase in fees earned by getting AUM faster, and lastly, the operational efficiencies realised by improving client servicing. 

Why did Wealth Dynamix build this?

  1. The tyranny of the should: Many companies feel that they need to do something – but often leap into a transformation project without fully considering the art of the possible / the true scope. i.e. Rather than transforming the “way we do things” they transform one thing – which often leads to more problems (fragmented process, siloed teams, multiple sources of data) leaving the firm in a worse position than before. Conversely:

  2. The cost of doing nothing is too high – Only 8%* of CEOs say their business model will survive the current digital disruption. many industry analysts believe that firms who do not embrace digital will not survive beyond the next few years

  3. A blueprint for a business case for CLM does not exist. Wealth Dynamix has therefore attempted to de-mystify the process, provide practical advice and tools to support – but say they can also support the development of a firm’s business case unlocking the value and helping to make transformation a reality.

  4. Proving the Value: Knowing what levers and metrics are important in delivering ROI for a CLM project/integration is problematic. The benefit calculator can help take the guesswork out of it – This light touch version helps prepares the firm for the task with key metrics segmented, prioritised and weighted; together with built in assumptions from real-life use cases.

  5. The transformation process is speeding up – research** shows that firms want to conclude the business case element of a transformation process within 3 months. Without a process to follow many firms may fall at the first hurdle

Johnny Beloe, Director of pre-sales at Wealth Dynamix and creator of the calculator said:
The Wealth Management industry is undergoing a period of intense technological transformation fuelled by changing client needs and expectations including digital first experiences, lower fees and the need for more information at their fingertips.

“In order to progress change initiatives, firms can sometimes run into challenges articulating the business value of the proposal; it may be instinctively obvious that transformation is the ‘right’ thing to do, but the financially centric metrics stakeholders are often looking for can be harder to arrive at.

‘We are pleased to provide a simplified version of a comprehensive business value analysis tool used within Wealth Dynamix to provide some insight into the true value a CLM solution can deliver, expressed in raw financial terms”.

For guidance on the formulation of your business case including advice on the key metrics to use, see our free e-book, ‘Six Steps to Success’ and try our free online Benefits calculator, available here 

* Global Futures and Foresight, 2021.
**By Gartner: Industry Report: Gartner Software Market Landscape Oct 2021


Wealth Dynamix delivers Client Lifecycle Management solutions to the world’s leading private banks and wealth and asset management firms.


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