Unlocking Success: How Portfolio Aggregation Revolutionizes Wealth Management for Modern Advisors
In today’s rapidly evolving wealth management landscape, comprehensive portfolio aggregation has emerged as an essential capability for financial advisors. As clients diversify their investments across multiple banks, platforms, and asset types, wealth managers are increasingly leveraging multi-banking software to achieve a unified perspective of client portfolios.
The Importance of Financial Data Aggregation
Financial data aggregation has transitioned from being a mere luxury to a crucial strategic necessity for wealth managers. The ability to transcend siloed data and gain insights into a client’s complete financial position is vital for:
- Unlocking deeper insights
- Enhancing the advisory process
- Capitalizing on potentially missed investment opportunities
Client Visibility: A Key to Success
The rise of neobrokers and fragmented asset ownership has intensified the need for comprehensive visibility. According to Marco Schüller, Product & Pre-Sales Manager at fincite, “Modern wealth managers rely on multi-banking because they know that having full visibility over a client’s Assets under View (AuV) is key to increasing their Assets under Management (AuM).”
With a holistic view of all holdings, advisors can recommend strategies that reflect total wealth rather than isolated accounts, leading to:
- More effective portfolio management
- Improved long-term returns for clients
Enhancing Efficiency with Multi-Banking Software
Multi-banking software solutions such as fincite • cios facilitate these insights and actions, enhancing both client satisfaction and the firm’s profitability. The automation of the data aggregation process significantly reduces the time spent on manual input, allowing advisors to prioritize client relationships.
Seamless Integration for Accurate Data
fincite • cios integrates directly with various banking systems and Account Information Service Providers (AISP), providing seamless updates across all accounts. The platform’s flexibility includes:
- Direct bank interfaces with institutions like FFB, FNZ, DAB, V-Bank, and UBS
- Integration with PSD2-compliant AISP partners such as wealthAPI, fino, and Qwist for secure data access
- Options for manual portfolio input to ensure comprehensive coverage, even for clients without digital access
Conclusion: A Strategic Enabler in Wealth Management
By centralizing financial data and automating portfolio aggregation, fincite • cios positions itself as a strategic enabler in wealth management. This results in a streamlined, insightful, and efficient advisory process, empowering advisors to provide more personalized and impactful financial advice for their clients.
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