Benefits of using a wealth management platform for high-net-worth individuals

High-net-worth individuals (HNWIs) face unique financial challenges and opportunities that necessitate specialised wealth management services. Here are the key benefits of using a wealth management platform tailored for HNWIs:

Holistic approach: Wealth management platforms offer a comprehensive strategy that encompasses financial planning, estate planning, tax optimisation, and risk management, ensuring all aspects of an individual's financial life are coordinated and optimised. With Ardan, you can hold everything in one place, under one platform login, which means it’s easy to get a bird’s eye view of your client’s wealth.

Professional guidance: HNWIs benefit from the expertise of dedicated financial advisers and wealth managers who understand complex financial landscapes. This professional guidance helps them in making informed decisions regarding investments, tax strategies and inheritance planning. With wealth management platform like Ardan financial advisers can create and run their own Model Portfolio to tailor investments to suit clients’ needs or outsource portfolio management to specialist third party Discretionary Fund Managers (DFM’s).

Multi- currency: Client portfolios can hold cash in up to 11 currencies at the same time and portfolios can hold assets on the same basis. Portfolios can also trade assets in multiple currencies, you can move monies between currency accounts and change the reporting currency at any time without cost. You have the flexibility to change the base currency at any time.

Single access: With a single access to multiple portfolios, wealth managers help identify potential risks in investment portfolios and develop strategies to mitigate those risks while maximising returns. Ardan is suitable whether your clients are individuals, trustees or corporate entities. Each can hold multiple portfolios. Ardan’s open architecture platform allows investors to hold funds and tradeable assets such as equities and ETFs and structured notes.

Delegation of financial management: By utilising a wealth management platform, HNWIs can delegate the complexities of managing their finances, freeing up time to focus on personal interests or business endeavours. A technology-driven platform like Ardan, enhances efficiency in managing investments and tracking performance, making it easier for clients to stay informed without being overwhelmed by details.

Generational wealth transfer: Wealth management services include strategies for effective estate planning and generational wealth transfer, ensuring that clients' legacies are preserved according to their wishes.

Conclusion

In summary, utilising a wealth management platform, like Ardan, provides high-net-worth individuals with tailored financial strategies, expert guidance, diverse investment opportunities, and tax efficient wealth transfer. These benefits collectively enhance their ability to manage wealth effectively while planning for future generations.