Best IAM-MFO Platform
A buoyant market made for positive business performance in 2017 for private banks and Asia’s rapidly expanding pool of independent asset managers (IAMs) and multi-family offices (MFOs) alike. Indeed, just over half of these intermediary firms recorded a jump in revenues of over 50% in 2017, according to Asian Private Banker data. Faced with a growing client population and regulatory tightening, the region’s IAMs and MFOs are increasingly turning to tech solutions to increase business efficiency and cost-effectiveness.
Privé Technologies (Privé) offers IAMs and MFOs an integrated and modular solution that is multi-asset, multi-lingual and multi-jurisdictional in quality. Privé’s e-private banking platform leverages the firm’s existing proprietary algorithms to match clients with investment opportunities based on an assortment of objectives, interests and habits. Impressively, through proprietary algorithms, the platform uses automation to help construe human behaviour, and then dispense personalised advice based on that information.
The success of Privé’s solutions among Asia’s intermediaries is evident, with the firm more than doubling its clients and quadrupled in AUM in 2017.
And with regulators putting in place guidelines on how wealth management firms should conduct fee disclosure and client on-boarding, Privé’s services have proven indispensable in their modularity.
For instance, subscribers can customise their suite of software, not only to suit the needs of the firm and clients, but also the requirements of the jurisdictions in which they operate. IAMs and MFOs that use Privé’s e-private banking solution can automatically generate individual customer reports regarding fee disclosure, providing complete transparency to fee-sensitive investors. The platform can also aggregate clients’ investment options to execute block orders cost-effectively.
On account of significant business growth and the wide range of service provisions on its platform, Privé is Asian Private Banker’s Best IAM/MFO Platform for 2017.
“We are honored to be recognised by Asian Private Banker once again for our achievements in developing and implementing our integrated, cutting-edge suite of digital solutions for the financial and wealth management industries. Our IAM/MFO solution is a best-in-class platform, which, along with our robo-advisory, enables institutions to transform and digitalise the entire wealth management experience for customers and their sales force through a unified system.”