Valuefy made it to the WealthTech100. Have you Heard it yet?

Posted on May 12, 2019November 10, 2022 by Valuefy

Valuefy is pleased to announce that we are now recognized worldwide as a WealthTech100 company. We are among the few companies from Asia to be featured in the list of the 100 most influential innovators in the FinTech Industry.

The list was put together by FinTech Global’s panel of industry experts and analysts. They selected the top 100 from an assemblage of 1000 participating companies based on the significance of the problem being solved by the company, the growth of the company, innovation in technology and the potential efficiency increase.

All these companies bring smart solutions for WealthTech landscape spanning in areas of client management, investment planning, portfolio management, Digital Advice, Risk and Compliance. We have brought in solutions like WealthFy and ValueAT to help people manage Digital Wealth better. Valuefy is Serving marquee clients by empowering them with Investment Analytics, Digital Wealth and High touch Advisory Solutions.

Why This List?

This list is important for many people. Many FinTech companies cater to different stages of Wealth Management or Investment management Value chain. It will help the revered investors and senior level executives in choosing the right FinTech platform for their specific requirements.

We want to enable them with better Advisory & Client engagement by addressing the core challenges and providing effective solutions for the same.

Valuefy solutions reflect on our Vision of “bettering the way, the world invest” by delivering multiple benefits across the value chain of investing. From simplification, Analytics, to use of Artificial intelligence, our core is to make Wealth Management “better” in general.

Where We go From Here

At Valuefy, we believe in moving forward. We have always been huge fans of making progress where it’s due and now that we have reached an important milestone, we are aiming at another.

We are honored to be a part of this esteemed group of companies and look forward to creating more innovative solutions to WealthTech’s biggest problems. For us, the best is yet to come, what about you?

5 Trends Governing the Future of Wealth Management Industry

Posted on April 30, 2019March 24, 2023 by Valuefy

As economies around the world take twists and turns amidst political, geographical, technological, and social transformations, one thing is for sure – Change. Yes, the inevitable that surreptitiously unmasks itself even before you realise its existence.

Considering evolution as the underlying factor for our growth, it would only be fair to consider these up and coming trends, shaping the workstyle of finance and wealth management industry, are here to make matter more interesting than we projected.

The Competition

Needless to say, the competition is now more intensified than ever. Retail banks and financial institutions looking for new growth opportunities are tapping new technology and business models; however, amidst prevailing financial crisis, more firms and more advisors have entered into a fray for the same segment of clients. Adding to the competition is entry of nonfinancial players in the market, which saw a surge of 20% until last year. With business giant like Google planning to make way into the wealth management arena, it’s definitely going to be more cut-throat than ever.

Changing Demography

Close to $58.1 trillion is expected to move from one adult population to the next, over a period of 55 years, from 2007-2061. This huge transition in process is certainly causing paradigm shifts in the wealth management landscape. Assets will change both owners and advisors, hence, bringing about a massive change in existing client/advisor relationships.

As the WM workforce will retire, so will their existing set of clients. Millennials taking over their preceding generation of Baby Boomers will change the demographic equation quite significantly.

Further, with more women taking control of assets by virtue of financial and social independence, will add to the new demography.

New Expectations

Yes, there’s a new wave of expectations on the table. Thanks to new-age millennial thinking that believes in and demands transparency and control over their investment (both long term and short term). Such clarity in expectations is paving way for goal-based financial advice. It’s time, investment advisors shift focus from generic commoditized advising to more holistic consultation. This will reap sustainable benefit for both client and wealth managers. 90% Baby Boomers, 91% Gen X, and 93% Millennials consider fee structure as one of the determining factors in choosing a financial advisor.

This new breed of investors is vocal and non-hesitant about putting forth their desire for goal-based advice. Unfortunately, loyalty is not the only trait that will help the industry sail through.

The Digital Potential

The world is going gaga over digitalization, and there cannot be more emphasis on the need to incorporate the growing prevalence. Enhancing agility and making wealth management practices more efficient are few more reasons the industry should tap the technology to its advantage. 76% of investors agree that digital technology will not reduce the quality of advisor relationship.

It is therefore imperative that Incumbent wealth management firms build upon new technology for inculcating value-based collaborative relationships.

Remodelling Around Regulations

With risk regulations more stringent than ever, the wealth management industry needs to be more alert than ever. After all, the very foundation of this industry is based on trust. One intangible factor that can change the course of any business. Therefore, restructuring key areas of businesses to comply with regulatory norms will be a priority task for sure.

The New Clientele: How Women and Millenials are shaping the future of the Wealth Management Industry

Posted on April 20, 2019November 16, 2022 by Valuefy

Millennials and their approach towards finance

About 40 percent of the global adult population is under 35 years of age and this number is most likely to be doubled by 2020. Millennials also known as the Generation Y have a keen sense of understanding of how the market runs, have deep entrepreneurial ambitions and a have a better understanding of investment when compared to the Baby Boomers.

Millennials have a short term and quick returns oriented approach when it comes to wealth management and planning, and this reflects in their interest in investing in emerging technologies and markets like Blockchain and Cryptocurrency.

According to a recent study, millennials believe in a cashless economy of which 33% do not believe in the need for the existence of a bank. The savings models, however, are still largely cash-based with more than 52% relying on cash-based savings.

Rise of a self-taught and data-centric user base:

Millennials are the future wealth management clientele and Financial organizations are now finding ways to cater to this intelligent, inquisitive, and self-service based user groups by relying on technology-based platforms to offer its users a wealth management applications that inspire transparency and trust. Technology platforms also allow full access of the functionalities to its users such as portfolio monitoring, analytics, and recommendation.

Wealth management companies are now adopting an analytical approach to cater to this generation of users by providing insights that are actionable, resourceful, and are available at their disposal with increased convenience.

Millennials as a generation strongly consider the social presence of any company to create a persona before investing in them mentally or economically.

Financial institutions in the wealth management space must fine-tune their current legacy systems to morph into a system that is in sync with the current consumer base as delay will only increase the cost of conversion or impact the company by losing its clients to early adopters.

And this is where Valuefy’s award winning wealth tech solutions are helping empower private banks, wealth management companies and family offices to serve their investors better!