Technologies for portfolios across multiple accounts-investments for family offices
LGT Wealth India, a private wealth management firm and part of the LGT Group from Mumbai, is to provide a unique and a first-of-its-kind Full Stack Digital Family Office and Portfolio Analytics Solution using the best-in-class technology in partnership with Asset Vantage (AV) of Stamford, Connecticut, the tech-network of which is through offices in Mumbai, Pune, Singapore, Sydney and Geneva.
Benefits of LGT Wealth India and Asset Vantage’s “Digital Family Office”:
1. Portfolio Consolidation: Enables a single portfolio view across investments and accounting within and outside LGT Wealth India.
2. Advisor-wise Portfolio and Performance Comparison: Analyses all data points to compare the performance of multiple advisors and showcases key industry developments.
3. Risk Management: Defines risk guard-rails, starting with an Investment Policy Statement, across multiple parameters of investing like equity, fixed income, alternatives, offshore, F&O, and commodities.
4. Risk Reviews: Periodic risk reviews to enhance awareness of each portfolio’s investment risk and the boundaries it is breaching, since higher or lower risks than a client’s risk appetite can potentially hurt a portfolio’s long-term risk-adjusted returns expectations.
5. Risk Tracking: Monitors adherence to risk controls identified in the Investment Policy Statement.
Through this collaboration, both companies have come forward to deliver a superior technology solution, which seamlessly consolidates portfolios across multiple accounts and investments for family offices.
The platform aggregates wealth and accounting data across geographies and for family investment entities like individuals, limited liability partnership companies, public limited companies, and trusts.
Equipped with a breadth of management features (MIS), the platform provides highly integrated views of a family’s net worth. Another key feature is monitoring adherence to a stated Investment Policy and the associated Investment Risks. An added benefit to our clients is that they can reach out to their preferred firms to audit their underlined data.
The data extracted on the platform helps offer insightful intelligence and analytics on investments and financial performances. This single view of the entire investment portfolio is designed to provide an overall portfolio-level position rather than just an investment security-level perspective.
Today, HNIs and UHNIs have investments across various distributors, advisors, brokers, demat & bank accounts, and directly with AMCs, all of which may be handled in isolation.
The solution assists in comparing the performance as well as identifying risk limits for the portfolio. It offers data reconciliation, investment analytics, performance matrices, and investment tax details through a fully integrated accounting ledger system.
This robust wealth-tech system can produce dynamic reports for family offices across family members, family entities, asset classes, currencies, and advisors, all of which can be generated for customizable timelines.
Speaking on the launch of the Digital Family Office, Atul Singh, Managing Director and CEO of LGT Wealth India, said, “We are excited about this collaboration and the launch of the LGT Wealth India Digital Family Office, which is a milestone for our organization.
“This reinforces our endeavour to provide best-in-class solutions for our clientele. In our constant effort to deliver client-centric solutions, we realized a need to develop one that is easily accessible, offers a holistic view of investments and accounting for identifying risks and provides in-depth portfolio analytics.”
Nimish Shah, Managing Director – Family Office & Portfolio Analytics at LGT Wealth India, elaborated, “Effective asset allocation, performance, and risk analytics are possible only on the back of accounting-based data of accurate and reconciled financial information across family members, entities, asset classes, geographies, currencies, advisors, AMCs, banks, demat, and multiple other sources.
“It is almost magical how clean and concise aggregated data can help families focus on knowing where the investments are, their performance, and their risk.”
Chirag Nanavati, Managing Director, Asset Vantage, India, said, “We are delighted to partner with LGT Wealth India, to help bring global best practices in integrated investment reporting and accounting technology to help them create a Digital Family Office product for their high-net-worth customers.”
AV brings to LGT and its Indian UHNW and Family Office clients the same technology used globally across hundreds of family offices. With the growing wealth and complexity of its Indian clients, LGT can leverage AV’s global technology experience to the advantage of its clients.
The bundling of AV’s tech platform with LGT’s international wealth advisory services gives LGT clients the edge they need to manage generational wealth.
LGT Wealth India is a private limited company registered with the Securities and Exchange Board of India as a portfolio manager and is engaged in the business of providing various financial services and/or products to its clients. As of 30 June 2022, LGT managed assets of CHF284.7 billion (US$297.4 billion) for wealthy private individuals and institutional clients. LGT employs over 4500 people who work out of more than 20 locations in Europe, Asia, the Americas, Australia and the Middle East.
Asset Vantage (a UNIDEL company) was founded in 2011 by a family office and technology group as a next-generation, SaaS technology-based asset management, accounting, and reporting system catering to the complex financial needs of customers ranging from individual wealth holders to fully staffed family offices and those professionals that serve them. fiinews.com
