Made with by epiphanic
In the field of Wealthtech, there has been little focus on professional wealth planning and investment advice so far. Currently, advisory processes of wealth advisors lack a holistic view of their clients’ total financial situation (e.g. non-bankable assets), thus limiting the cross- and up-selling of additional services. Further, clients regularly receive a standardised investment strategy that does not necessarily fit their needs. Wealth advisors often “push” investment products as opposed to understanding the clients’ specific requirements such as financial goals, personal values and investment beliefs (e.g. climate change, exclusion of weapons, focus on SME).
Consequently, there is hardly any individualisation and little differentiation of advisory offerings across the market.
Our solution enables banks, insurers and wealth managers to deliver fully automated and realistic wealth planning and goal-based investment advice. Bespoke investment strategies maximise the likelihood that clients achieve their specific financial goals in thousands of capital market scenarios. For this purpose, all assets and all liabilities, such as non-bankable assets or assets booked at third parties, are appropriately considered. Focusing on clients’ values and investment beliefs in the investment product selection ensures that they are treated completely individually.
The 3rd-eyes analytics software is based on a sophisticated asset and liability management method that uses multi-periodic stochastic and scenario-based intelligence for wealth simulation and optimisation. The methodology has only been used by the most sophisticated institutional investors and has now been made available first time for wealth advisors.
Over the past two years, we have been able to establish a customer base that includes banks, insurers and asset managers. We have won clients such as acrevis Bank, Hérens Quality Asset Management, Aegon or ELVIA (Allianz). Currently, there are numerous and well-known prospects testing our solution from the banking and insurance industry.
Apart from our expanding customer base, we have also managed to cultivate strategic partnerships with leading experts in various fields. Companies such as Morningstar, fundinfo, Synpulse, TrueWealth, etc. provide us with complementary functions to enhance our offering and facilitate integration into existing core banking systems of our prospects.
Finally, several important awards and recognitions underpin our success story: we have been named a WealthTech 100 company by FinTech Global, selected to be a part of the Swiss FinTech National Team by Venturelab, we have been named the winner of the Open Innovation Challenge by Aegon, and have been nominated to participate in the F10 Accelerator & Incubator Program by F10.
We have recently concluded the rollout of a new advisory process to one of our banking clients.
The goal of the bank was to completely re-design the advisory process for private clients, starting with an entirely new value proposition. The intention was to address the real challenges of private clients like closing the pension gap. The selection of 3rd-eyes analytics as the partner of choice was based on several criteria: most critical being the multiperiodic stochastic and scenario-based intelligence for wealth simulation and optimisation, as this methodology leads to the most realistic outcomes. Furthermore, our modern IT architecture and customisation flexibility allowed adaptations to their specific requirements within a short timeframe and within budget.
The project was initiated in spring 2019 and rapidly rolled out in autum 2019 as a result of the following critical success factors:
– Agile implementation with clearly shaped and shared vision between the client and 3rd-eyes analytics
– Flexible IT architecture ensuring rapid customisation
– Strong business sparring partner with a willingness to enforce decisions
After creating substantial traction in Switzerland (our home base), we are now channelling more of our resources into international expansion. Our priority is on business development in our neighbouring countries, such as Germany and Austria. We believe that both markets hold a great potential.
Meanwhile, we are also pursuing several leads in Northern Europe and Asia.