In the current scenario, many MFDs are actively looking for every possible way to optimize the cost of running their business through affordable technology to manage and grow business.
Here, JM Financial Services InvestPal app is an ideal business solution. Through this app, clients can track and transact not only in mutual funds but across multiple financial products. Here are some of the key features of this app.
All in one
With this app, your clients can get details of all financial products offered by JM Financial Services. The list of products includes company fixed deposits, mutual funds, IPOs, secondary bonds, capital gain bonds, NCDs, GOI bonds, PMS etc.
Currently, the app offers online transaction facility for MFs, company fixed deposits and IPOs. For other products, investors can generate reports and download product literatures.
Control
The app allows MFDs to retain great control on what their client can or cannot do through the app.
The app is freely downloadable but MFDs must authorize their client to use it. When a client downloads this app and tries to open the account online without speaking to the MFD, this feature ensures that (1) the client cannot open the account without the MFD’s knowledge and (2) an alert is sent to the MFD.
Once a customer account is set up, he can see various reports about his investments. However, MFD has the flexibility to give transaction access to clients. In case, the transaction option is disabled and the customer tries to transact or even enquire about a new product, his MFD gets an alert.
Simply put, an alert would come to the MFD in two cases: (1) When a customer tries to find out about a product that he has not invested in and (2) When a customer tries to initiate a transaction on his own.
These features ensure that clients talk to MFD when they take any investment related decisions. Based on these alerts, MFDs can take their discussion with clients further to explore and understand the needs of the clients. These could also be opportunities to stop a client from making behavioural mistakes.
Well-researched product basket
The app has a readymade product basket curated by the team of JM Financial Services based on in-depth research from which the MFD can recommend the right products based on the customer’s requirements.
Easy communication
The app provides a ‘contact MFD’ feature. In case a client is unable to connect with his MFD, the next contact could be the relationship manager of JM Financial Services and then the call centre. This not only puts MFDs in command but also allows clients to get the issue sorted if his MFD is not reachable for some reason.
To sum up, this is an app that will allow you to have your business in your pocket. You can click here to get the app.
