Displaying items by tag: wealth tech

Tuesday, 09 July 2024 03:31

Behavioral Finance Can Help HNW Clients

Bias is a huge problem for high-net-worth individuals (HNWIs), with nearly two-thirds   acknowledging that biases influence their investment decisions and 79% seeking relationship managers (RMs) to help mitigate these biases, the need for wealth managers to modernize their profiling tools is more pressing than ever.

 

 AI-powered behavioral finance offers a sophisticated solution, providing RMs with deep insights necessary for crafting hyper-personalized financial plans, portfolios, and client experiences. 

 

Traditional demographic profiling methods are inadequate, often leading to incomplete client profiles and unsatisfactory experiences, as evidenced by the same percentage of HNWIs concerned about personalization. Embracing this technology can transform how wealth managers engage with clients, offering tailored advice and capturing a larger share of the HNWI market.


Finsum: Technology is really allowing advisors more flexibility than ever which can help tailor strategies for HNW clients. 

Published in Wealth Management
Wednesday, 26 June 2024 12:53

Structured Notes Break Digital Ground

Tiger Brokers, an online brokerage firm in Singapore, has introduced a new feature on its trading app aimed at providing a streamlined experience for high-net-worth clients interested in structured note products. Many investors are increasingly looking for alternative investments that can provide consistent and reliable cash flows. 

 

However, traditional financial services often present barriers with high fees and substantial minimum investment requirements, making it challenging to access quality investment options. Tiger Brokers' Fixed Coupon Notes (FCN) remove these barriers by eliminating high purchase thresholds and the cumbersome, lengthy procedures associated with opening private bank accounts. 

 

Their CEO, Ian Leong, reenforced their commitment to technology and improving the accessibility to investors. 


Finsum: Many financial products were guarded from the general public, but technology is paving a way for accessibility 

Published in Wealth Management

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