Wealth Management Business Capabilities Model
$999.00 – $2,999.00
Wealth Management Business Capabilities Model: The advent of digital technologies and the competition from Fintechs is reshaping the wealth management field. Most wealth managers are embarking on ambitious transformation programs to remake their business models and product portfolio. The Wealth Management business capabilities model will serve as a foundation to drive technology enablement and enterprise transformation decisions.
Wealth Management Capabilities Model Overview:
CIOPages.com Wealth Management Business Capabilities Model is a pre-built and customizable list of capabilities for a firm that plans, invests, and manages money for their clients. The WM or Wealth Management business capabilities model is an integrated and in-depth artifact and captures the essence of all critical functions of a Wealth Management firm.
The Wealth Management capabilities map includes the following formats:
An Excel spreadsheet with the list of Wealth Management capabilities. The spreadsheet also includes additional worksheets with templates to conduct a capabilities assessment as well as a model to map core relationships.
A PowerPoint format with the top three levels in a nested visualization.
A Word document with capabilities in a multilevel list format.
BONUSES: Several bonus documents about capability modeling and business architecture.
How to use the Wealth Management Business Capabilities Model?
The Wealth Management capability model is a must-have tool for business and enterprise architects to jumpstart capability modeling and business architecture efforts.
The CIOPages Wealth Management business capabilities model encapsulates end-to-end aspects of the function of a Wealth Management firm in a comprehensive, multi-level list.
There are several benefits from business capabilities, including, among others:
- Capabilities function as a common language between business and technology teams.
- Capabilities are an abstraction of business functions and flows that are stable and long-lasting.
- A capability-based roadmap helps focus on capability evolution rather than project execution.
- The relationship between capabilities and systems/applications provides a footprint analysis and can lead to better application portfolio rationalization decisions.
Sample Wealth Management Business Capabilities.
(The example below is a sliver of the Wealth Management business capabilities model.)
- Financial Planning
- Basic Financial Situation
- Cash flow / Budgeting
- Personal Income Statement
- Personal Net Worth Statement
- Basic Financial Situation
- Cash Reserves (Emergency Funds and other reserves)
- Debt Management
- Accumulation Goal Planning
MORE CAPABILITIES AT VARIOUS OTHER LEVELS
(There are several more pillars and additional details in multiple levels of granularity.)
The Wealth Management capabilities matrix includes a decomposition of up to level 2, 3, and 4 as essential.
The Wealth Management capabilities model is a result of the combined efforts of business architects, Wealth Management domain experts, and enterprise architects. The Wealth Management capabilities list strives to be mutually exclusive, collectively exhaustive, and individually a whole.
Additional Bonus Deliverables offered FREE of Charge:
FREE BONUS Deliverables
General Intro to Capability Modeling
Business Architecture Framework
Business Capability Profile Template
Capability Assessment Template - Criteria and Notes
Role and Responsibilities of Business Architecture Leader
- The CIOPages.com Wealth Management business capabilities model is a digital product and hence, absolutely no returns or refunds.
- A generic capabilities model may or may not fit your needs, or the percentage of which capabilities are relevant will vary widely.
- Sold on an as-is basis and without any implied or explicit warranties
- Consultants and consulting firms who want to use it for their clients have a different pricing model.
- The sale is for the model only and does not include customization or implementation help.
- Please review our standard terms of service.
Need Customization Help?
What are Business Capabilities?
Business Capabilities describe “What” business does. Business capabilities act as the foundational building blocks in business architecture as they are the solid components and stable entities to model a company. There is a lot of information on capabilities at Capstera.
What is the value of a Business Capabilities Model?
- A well-structured business capability model aligns business and technology.
- A company-wide capabilities matrix provides a common language that bridges the traditional gap between business and IT teams.
- A granular capability model (not too high level) allows for mapping to technology components to understand the functional sufficiency and footprint of applications to meet business needs.
- A company-wide capabilities assessment with regards to strategic importance, underlying process maturity, adequacy of resourcing, and level of technology enablement paints a vivid picture of the state of the enterprise.
- Requirements backlog anchored to a capability helps companies focus on capability evolution, not siloed project execution.
- Using capabilities as Lego blocks, business owners, and product managers can communicate their needs better to allow for optimal technology enablement.
- A detailed capabilities list, with logical clusters of related functionality, helps in vendor evaluation and selection.
- A capability view helps you identify conflicts, overlaps, and redundancies and zero in on the weak areas to develop a roadmap to evolve the capabilities.
Will a generic business capabilities map fit our unique needs?
The goal of CIOPages.com business capability maps is to meet or beat a threshold of 75-80% relevance. There is always that 20-25% that may need to be modified and customized to capture the unique essence of your enterprise. Also, having a pre-built capability reference model helps in a) not missing out on the core and distinct business capabilities and b) spend 80% of your time on the 20% of the capabilities that make you who you are!
But I’ve seen this entire Capability Map depicted as a few boxes. Why so many Capabilities?
The problem with some of the mickey-mouse capability maps is that they are too high level and are nothing more than a few boxes and arrows that can become Wall Art.
For a capability to link strategy to execution, and to bring about functional enablement at a feature/function level, a well-structured and deeply-decomposed business capability map is essential.
Managing hundreds of capabilities – writing capability profiles, assessing the capabilities, conducting a gap analysis between the desired state and current state of company capabilities, and anchoring backlog items to capabilities – is a complex task, and it may benefit your firm to have a capability modeling software.
Can you help us customize the business capabilities model to our enterprise needs?
We are glad you asked! Yes, of course. Our domain and functional experts can contribute to take these sample business capabilities model and customize to your needs.
With a full-fledged capability reference model as an accelerator, the work will be fast, efficient, and effective.
Contact us for Advisory/Consulting Services.
Why should I pay?
The domain knowledge and intellect that went into constructing the capability models is very high. The cost is less than 2-hours of time of a low-priced consultant. Or perhaps the price of pizza lunch for the team to brainstorm and whiteboard the enterprise business capabilities model.
Consider the ROI: B) The hours of work a pre-built capability map will save your team instead of working on it from scratch. B) The time saved due to the straw model covering 75-80% of your needs. And c) the value of focusing on what makes you unique rather than work on the entire list of corporate capabilities.
Wealth Management Business Capabilities Model
$999.00 – $2,999.00
We keep the licensing options – clean and straightforward.
Individual License: Where we offer an individual license, you can use the deliverable for personal use. You pay only once for using the deliverable forever. You are entitled any new updates within 12 months.
Enterprise License: If you are representing a company, irrespective of size, and intend to use the deliverables as a part of your enterprise transformation, the enterprise license is applicable in your situation. You pay only once for using the deliverable forever. You are entitled any new updates within 12 months.
Consultancy License: A consulting or professional services or IT services company that intends to use the deliverables for their client work need to pay the consultancy license fee. You pay only once for using the deliverable forever. You are entitled any new updates within 12 months.
Can I see a Sample Deliverable?
We are sorry, but we cannot send or show sample deliverables. There are two reasons: A) The deliverables are our intellectual property, and we cannot share the same. B) While you may be a genuine buyer, our experience in the past has not been great with too many browsers and not many buyers. We believe the depth of the information in the product description and the snippets we provide are sufficient to understand the scope and quality of our products.
When can I access my deliverables?
We process each transaction manually and hence, processing a deliverable may take anywhere from a few minutes to up to a day. The reason is to ensure appropriate licensing and also validating the deliverables.
Where can I access my deliverables?
Your best bet is to log in to the portal and download the products from the included links. The links do not expire.
Are there any restrictions on Downloads?
Yes. You can only download the products three times. We believe that is sufficient for any genuine usage situation. Of course, once you download, you can save electronic copies to your computer or a cloud drive.
Can I share or sell the deliverables with anyone?
You can share the deliverables within a company for proper use. You cannot share the deliverables outside your company. Selling or giving away free is prohibited, as well.
Can we talk to you on the phone?
Not generally. Compared to our professional services fee, the price of our products is a fraction of what we charge for custom work. Hence, our business model does not support pre-sales support.
Do you offer orientation or support to understand and use your deliverables?
Yes, for a separate fee. You can hire our consultants for remote help and in some cases for onsite assistance. Please Contact Us.