DeLuca Veale Investment Counsel is a private investment and wealth manager in BC, specializing in stocks, bonds, and commercial real estate. They provide independent and objective counsel, expert portfolio management, and individualized service for clients primarily on Vancouver Island.
After years working with an internally developed MS Access database, the ownership recognized the need to move to the Cloud and chose to configure a solution specifically for its business processes and clients using Microsoft Power Platform. This new application provides advanced reporting and a portal for clients to view their investment portfolio, instigate rebalancing, and generate various performance KPIs.
Using Microsoft Power Apps, ITK constructed one business application used to manage Households and Portfolios. The system includes a Power Apps application with SFTP connection to market data sources, complex reporting, and analytics using Power BI and SSRS tools, along with the strength of the Microsoft Dataverse and Azure SQL.
There are many off-the-shelf CRM and client management software solutions for the financial services industry. The client, however, could not find a tool that matched their vision for customer onboarding, collaborative information exchange, self-serve portals, reporting, and security. ITK articulated the effort and cost to configure a Power Apps solution would be far less than working with a software company to customize their product. The speed in which ITK can configure and deploy a Power Apps application far exceeds the timeline for custom software changes.
DeLuca Veale received a custom configured portfolio management platform to manage the entire lifecycle of a clients’ wealth management. The system allows for daily and intraday downloads of market data, and subsequent repositioning of portfolios to maximize returns. The system is designed for high volume updating and balancing of investment allocation and also supports the need for the client to create its own securities, including required full audit and due diligence capabilities.
