Wealth Dynamix and Flanks, two leading innovators in the wealth management sector, are thrilled to announce their strategic partnership aimed at transforming client engagement and financial management practices. By integrating cutting-edge CRM, Onboarding and digital technologies with automated data aggregation across custodians, this collaboration promises to redefine the way firms interact with customers and how to manage their wealth.
Thanks to this collaboration, financial advisory firms and their valued clients will be able to access a comprehensive view of financial details, including multi-custodian holdings. This holistic approach ensures that both advisors and customers have areal-time, consolidated understanding of their portfolios.
This alliance provides:
- Customer benefits: This collaboration will notably boost advisor productivity by removing manual data collection and aggregation. This will lead to time savings, increased efficiency, and improved client interactions.
- Client engagement: Wealth Dynamix and Flanks enhance engagement with pre-filled Fact Finds and 'Whole of Wealth' Views in the Client Portal, providing comprehensive insights for informed decisions. The collaboration offers 360-degree views for advisors during client interactions, fostering meaningful conversations with real-time data accuracy.
- Cost reduction: This partnership lowers delivery and operational costs for financial firms by eliminating manual data collation, reducing middle and back-office workload, and enabling more efficient resource allocation.
Wealth Dynamix and Flanks are excited by the endless possibilities this collaboration holds for the WealthTech industry. The firms are dedicated to continually advancing their joint offering to the vanguard of innovation, seamlessly adapting to the ever-changing requisites of financial firms and ready to adapt to the changing needs of financial companies and their customers.
"WealthDynamix and Flanks have opened the ability to further drive efficiencies in Wealth by merging the realms of Client Lifecycle Management and cutting-edge automated data aggregation. This collaboration will certainly empower financial institutions and their clients to offer not only a comprehensive client 360 view, but also a combined view of multi-custodian assets, all without the need for multiple complex integrations."
Gary Linieres, CEO & Co-Founder of Wealth Dynamix
About Wealth Dynamix
At Wealth Dynamix we work with wealth management firms and private banks to help create a seamless set of CLM capabilities, delivering our solutions across the whole CLM spectrum, or focusing on specific areas such as client onboarding and working with a firm’s existing architecture.
We use intelligent technology to free staff from 'administrative burden', by streamlining operational processes to allow them to focus on proactively providing exceptional client experiences to abroad clientele while ensuring cost-effectiveness, compliance and scalability.
Our solutions support the broadest range of firms, from 10-person boutique investment managers and UHNW multi-family offices to global mass affluent wealth managers and global private banks.
Find out more about Wealth Dynamix here.
Flanks is a pioneering Open Wealth Platform that simplifies the lives of wealth managers and investors by connecting them with custodian entities globally, facilitating the seamless aggregation of their financial data into their chosen reporting platforms. This provides investors with a comprehensive 360° perspective on their financial landscape, empowering them to make well-informed wealth management decisions.
Efficiently accessing comprehensive data from global financial entities presents a wide range of benefits. For example, it can be applied to multi-custodian advisory services, streamlined tax declarations, optimized digital onboarding, expanded Banking-as-a-Service offerings, global investment strategies, and many more. All these processes are done while ensuring safety, data confidentiality, and authenticity at all times. Moreover, Flanks stands as an AISP-regulated enterprise, subject to rigorous annual audits conducted by external firms to maintain the highest standards of security and compliance.
The Flanks team is available to understand your needs in terms of wealth data aggregation for your consolidation tool. For more information, you can check out Flanks’ website here, and reach out to the Sales team. You will be assigned a Business Development Manager, with who you'll be able to schedule an introduction call in the language of your choice.