What if we could see how all our clients or plans or funds were performing over any time period, colour coded, and ordered on a single dashboard. A way to easily see what’s happening with our client’s investments. Something I might look at every week to identify anomalies.
I’d call it The Brickwall.
A single dashboard page covered in small-ish rectangles, with each one being a client or a plan (button at top to select which view you want). There would also be a selectable time period covering custom date range, day, month, week, quarter, half and annual over calendar or rolling periods.
As you select different options, the dashboard updates and colour codes the rectangles according to the settings applied, e.g. conditional formatting for turning a rectangle red if value has moved down by more than x%.
I could then look at the client view and immediately see, dependent on settings, where a client plan has gone red or amber, a visual cue to look at what’s happening. The page would have a sort function and a filter function.
With client view selected, each rectangle shows client name, CV, and %age change for the selected time period. Add the plan to the rectangle when in plan view.
By clicking a rectangle, it would take me directly into the client dashboard, or plan respectively.
I guess this could be done with reporting, but it would be less dynamic, whilst a Brickwall Dashboard would be a fully dynamic, sortable, and filterable webpage to instantly view performance as a key metric to identify issues.
The above is clearly utterly dependent on data availability, and so will require transaction level data from providers. I’m hopeful the integration hubs will ultimately facilitate the right level of data to support this sort of business view.
...just another brick in the wall.