Avaloq highlighted in Aite report for exemplary delivery of digital advisory solution

 Avaloq highlighted in Aite report for exemplary delivery of digital advisory solution
17.10.2018 09:24 am

Avaloq highlighted in Aite report for exemplary delivery of digital advisory solution

Wealth Management

A recent report of leading research house Aite on the digitization of the wealth management sector, Wealth Portfolio Suites Turn to Digital Advisory: Early Risers, has highlighted Avaloq in the fast-growing digital advisory market for its educational value in client communication. The impact note from Aite looks at the new generation of wealth management solutions and the impact that demand for digital advisory is having on the core infrastructure systems.

In the Aite report, Avaloq is cited as an example of a digital advisory solution that helps engage and educate clients and, in doing so, adds “tremendous value” to the advisory process. About the Avaloq solution, the report states: “The user design experience allows the financial advisor to layer in a comprehensive portfolio and market discussion. The idea is to maximize the probability of achieving a goal by evaluating various options and supporting a dialogue between the financial advisor and the client. The graphics help people envision ramifications of decisions.”

Denise Valentine, Senior Analyst at Aite Group, says: “In the investor-advisor hybrid model, communication between two people establishes trust, creates the relationship, and drives client retention and referrals. A solution that enables a smart discussion, with a range of tools incorporated to the dialogue, exponentially strengthens the value the advisor brings to the table. Today, for financial advisory firms of all types, making clear the value of advisory services will lead to firm longevity and job security.”

“We are delighted our focus and investment in digital advisory has been reflected in the Aite report. Over the last few years, we have been evolving our front-end offering to respond to new market trends and demand for more convenience and independence. We are specifically building new types of services that are even friendlier and more appealing to the clients. Most recently this has included the rollout of the most complete goal-based wealth management solution available in the market, co-developed with Thurgauer Kantonalbank. The solution is built using a design-driven, client-centric approach to better capture the needs of the users and facilitate the dialogue between advisor and client. Processes are managed end-to-end with fully integrated and automated handling of compliance”, said Thomas Beck, Chief Technology Officer, Avaloq.

Related News

Objectway Acquires Algorfin From Unione Fiduciaria

Objectway, the leading Fintech group in Italy and one of the premier European players in software and services for the wealth, investment and asset management industries,... Read more »

CreditEase Wealth Management receives Four Awards at the Asian Private Banker Awards for Distinction 2018 as the Biggest Chinese Institution Winner

Asian Private Banker, a renowned private bank and wealth management research house in Asia Pacific, awarded CreditEase Wealth Management the Best Wealth Manager for Digital... Read more »

Orowealth acquires the WealthTrust platform

Orowealth, one of India's leading Direct Mutual Fund platforms, today announced that it has acquired the WealthTrust platform, including the product and all its users.... Read more »

Arrow Capital goes live with Axia for their wealth management operations

Profile Software, an international financial solutions provider, announced today that Arrow Capital, an investment firm with operations in the UAE and Mauritius, has selected... Read more »

genesis partners with OpenFin to accelerate digital transformation in capital markets

genesis, the international capital markets software firm and OpenFin are pleased to announce their partnership, to provide clients with scalable and interoperable technology... Read more »

JHC Neon signs Ireland’s largest wealth manager

Wealth management fintech firm JHC Systems (JHC) has today announced that Davy Private Clients has implemented its digital portfolio monitoring tool, JHC Neon (Neon), for its... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App