Our robust householding feature provides relationship managers insights around complex relationships including referrals, family relationships, related parties, companies, and groups defined by relationship managers. Given the complex nature of wealth clients, this functionality not only lists all products or accounts for which the household has any full or partial ownership but also determines and maintains householding for multiple clients living at the same address or extended households, and manage relationships for multiple clients living at different addresses. In addition, it allows relationship managers to better understand all members in a household across generations. By creating strong relationships early on, this understanding is strong when wealth is transferred
To provide added flexibility, it supports both hierarchical and ad hoc groupings such as associations or professional affiliations.
Householding can assign an unlimited number of parent-child and arbitrary relationships for a contact, such as those between spouses, joint account owners, a client and accountant, trusts and estates. What’s more – it can support modeling one-to-one, one-to-many, many-to-many, and many-to-one relationships throughout the system.
This capability provides relationship managers the ability to:
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