Avaloq, stand-alone

Avaloq Announces Series of Stand-Alone Wealth Management Platforms

Avaloq has announced the launch of a new stand-alone, core-agnostic suite of digital wealth management platforms. Besides Wealth, Avaloq is also planning to launch two additional stand-alone platforms, Engage and Insight, designed to provide cost-efficient end-to-end digital solutions at a level of simplicity that will pave the way for the democratization of wealth management.

The new launch, Avaloq Wealth, enables banks and wealth managers to provide highly personalized investment advice and bespoke services to their clients while reducing the time spent on preparing and analyzing investment proposals. As a stand-alone solution, customers of Avaloq Wealth will be independent from Avaloq’s market-leading core banking software.

Santiago Schuppisser, Avaloq Group Product Manager, Wealth Platform, said: “Our new platform works across all asset classes, is powered by a high level of automation and offers an outstanding user experience for both the client advisors as well as end-clients. It provides banks and wealth managers with powerful tools to gain investment insights and support real-time investment advice.”

Avaloq’s first white-label partnership for the Avaloq Wealth Platform was Edgelab, a Swiss-based Trade Recommendation firm that focuses on automated investment recommendations, risk analytics, and decision support simulations.

According to Avaloq’s Chief Product Officer, the firm is invested in the wealth management industry because, over the next three to five years, there will be a huge generational shift in that industry as investment portfolios are being transferred from the baby boomers to the millennials. “Next-generation wealth management clients want to manage their financial affairs in real-time and invest their money based on a highly personalized risk/return profile at a low cost. With our easy-to-use Wealth platform, we are helping banks and wealth managers to meet all these individual client needs in an increasingly
complex world”, he said.

In November 2019, Avaloq acquired Derivative Partners AG, a Zurich-based information and data provider for structured products and derivatives in Switzerland. Its analytical services are being leveraged to offer both established and new clients the independent valuation, trading and management of highly complex financial instruments such as structured products and ETF markets.

Also in 2019, Avaloq partnered with algorithmic trading software provider AlgoTrader to make the digital asset management ecosystem available to its extensive banking and wealth management clients worldwide so they can manage their automated crypto trading and to get access to all major crypto exchanges through a robust FIX API.