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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.
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 added, “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.
