Client Focus: Global Insurance Company

Challenge

• Global Insurance Client was looking to change to their Wealth Management Operating Model to consolidate multiple business lines across Retail, Wealth, Private, and Group benefits to ultimately improve ongoing cost to the firm

Solution

• Completed Interviews to obtain current state analysis including profitability of assets, referrals, compensation and fees.

• Provided options and recommendations of operating models that would best fit their vision

• Completed Vendor Assessment across various technology platforms with best in class CRM tools

Impact

• Increased operational effectiveness by reorganizing regional sales and support team structures

• Digitized referral program across business units and automated reports to improve workforce

• Improved Sales team compensation structure to improve overall retention