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.
Access the whitepaper:
About Flanks
Flanks is a wealth management technology company (wealthtech) that is redefining the industry through automation and data-driven insights. Its modular and all-in-one solution empowers global financial institutions, including banks, family offices, asset managers, pension plan providers, and technology companies, to offer faster, higher-quality, and personalised advice by transforming complex and fragmented wealth data into valuable insights.
Flanks was founded in 2019 in Barcelona by Joaquim de la Cruz, Sergi Lao, and Álvaro Morales, former Global Head of Santander Private Banking. Currently, the company aggregates data from 600+ connections with global financial institutions and processes more than 500,000 portfolios per month in over 33 countries, managing assets worth more than €39 billion. For more information, visit flanks.io.
