Contact Information: For more information, contact: Kimberly Weber Atomic birst@atomicpr.com (415) 402-0230
Birst Implementation at RBC Wealth Management Wins Prestigious TDWI Award
Financial Advisors Using Birst Increase Rate of Asset Gathering
| Source: Birst
SAN FRANCISCO, CA--(Marketwire - July 14, 2009) - Birst, the leading provider of on-demand
business intelligence and analytics, today announced that RBC Wealth
Management -- one of the nation's largest full-service securities firms --
and Birst have received the prestigious "2009 Best Practices Award" from
The Data Warehousing Institute (TDWI). Honored by TDWI in the Dashboards
and Scorecards category, RBC Wealth Management's deployment of Birst, named
RBC Dashboard, improved benchmarking of financial advisor performance,
identified attractive client segments, and provided better tactical
information to front-line financial advisors. As a result, advisors using
RBC Dashboard increased deposits with targeted households and improved
asset gathering over their entire business.
TDWI's Best Practices Awards program is designed to identify and honor
companies that have exhibited excellence in developing, deploying, and
maintaining business intelligence (BI) and data warehousing (DW)
applications. According to TDWI, RBC Wealth Management's implementation won
by clearly demonstrating positive business impact, maturity, innovation and
relevance. "With this year's awards, we're highlighting solutions that
exhibit the kind of innovation -- and results -- that we believe are key to
the evolution of business intelligence," said Richard Zbylut, President,
TDWI.
"At RBC Wealth Management, we're constantly looking for ways to help our
financial advisors better serve our customers," said Shawn Spott, Vice
President, Manager of Marketing Research at RBC Wealth Management. "Using
Birst's on-demand technology, RBC Dashboard quickly and dramatically
improved our ability to respond to customer needs. Within months of
implementation, our advisors gained a competitive advantage, as indicated
by a significant increase in assets under management and increased
household revenue. We're honored to receive this award and to share the
best practices that drove these improvements."
Three years after its initial deployment, RBC Dashboard continues to exceed
its performance targets and is now used to set strategic, enterprise-wide
goals for production and financial consultant performance. As a result of
this success, the company recently created an advisor review module that
provides advisors and managers with instant access to the information they
need to develop and implement a yearly business plan. A second
implementation extension provides a sales management portal through which
sales managers can access the information they need to drive effective
sales activities and increase revenue.
"We congratulate RBC Wealth Management for its well-earned win and are
proud to provide our advanced, on-demand analytics to an industry leader,"
said Brad Peters, CEO, Birst. "This award underscores Birst's ability to
deliver easily accessible, flexible business insight that evolves along
with the tactical and strategic needs of the customer."
RBC Wealth Management and other winners will receive their awards at a
ceremony held at the TDWI World Conference in San Diego, CA on August 3,
2009.
About TDWI
The Data Warehousing Institute™ (TDWI), a division of 1105 Media, Inc.,
is the premier provider of in-depth, high-quality education and research in
the business intelligence and data warehousing industry. TDWI is dedicated
to educating business and information technology professionals about the
strategies, techniques, and tools required to successfully design, build,
and maintain business intelligence and data warehousing solutions. It also
fosters the advancement of business intelligence and data warehousing
research and contributes to knowledge transfer and professional development
of its Members. TDWI sponsors and promotes a worldwide Membership program,
quarterly educational conferences, regional educational seminars,
role-based training, onsite courses, certification, solution provider
partnerships, an awards program for best practices, resourceful
publications, an in-depth research program, and a comprehensive Web site
(www.tdwi.org).
About RBC Wealth Management
RBC Wealth Management directly serves affluent and high net worth clients
in Canada, the United States, Latin America, Europe and Asia with a full
suite of investment, trust and other wealth management solutions. The
business also provides asset management products and services directly and
through RBC and third-party distributors to institutional and individual
clients, and has more than $480 billion of assets under administration,
more than $230 billion of assets under management and nearly 4,500
financial consultants, advisors, private bankers and trust officers.
The RBC Wealth Management division of Capital Markets Corporation operates
in the United States via more than 200 locations in 43 states. Founded in
1909, RBC Capital Markets Corporation is a member of the New York Stock
Exchange, the Financial Industry Regulatory Authority and other major
securities exchanges, as well as the Securities Investor Protection Corp.
RBC Wealth Management does not provide tax or legal advice. All decisions
regarding the tax or legal implications of your investments should be made
in connection with your independent tax or legal advisor.
About Birst
Birst™ is the leading provider of on-demand business intelligence
solutions. Birst brings the benefits of fact-based decision-making to a
much broader audience by making it affordable, fast, and easy to use. Birst
is designed to support users of all sizes -- from individuals to groups and
entire companies, so that everyone can benefit from greater insight into
their business.
Learn more at www.birst.com.