Asset Vantage: Cost Effective Engineering Solutions & Services
Chirag Nanavati, Managing Director
There has been a surge in the number of India’s ultra-rich families and individuals gradually shifting to third-party services for their wealth management. According to a report published in CNBC, about 20 percent of the total private wealth created in the country is managed by Family Offices. Complex nature of the multiple investments, consistent and close advisory needs, and succession plans to carry forward the individual and family legacy are some of the driving factors behind seeking the counsel of FOs. However, the financial institutions serving ultra-rich families and individuals for their wealth management face serious challenges while delivering services to their clients. Some of the existing challenges that limit the scope of service delivery run around the fact that there is a lack of readily available information on the total wealth of the client, including liquid and illiquid assets. Owing to this, financial advisors are not able to provide intelligent business insights based on the complete financial picture. Coming out of legacy systems and providing comprehensive and up-to-date reporting without the time and geographic constraints and building client loyalty are other pain areas that are impeding the scope of services by FO.
Salvaging Single Family Office from these problems, Asset Vantage is proffering next-generation SaaS-based asset management by Software with comprehensive data aggregation and reporting solution. The software helps create a completely digital platform helping FOs adopt world-class work practices solving the discreet and complex needs of the clients.
Complete Privacy
Traditional wealthy families in India are conservative and reluctant about sharing their complete financial information with a third party service providers. Earning the trust of such clients can be difficult given the apprehensions around safety and privacy issues around financial information. Completely acknowledging this, Asset Vantage provides a solution for better control to the customer and advisor keeping the data fully private; accessible to authorized persons only. As the solution is completely hosted on the cloud, the information held in it is readily available for any authorized personnel whenever and wherever they want.
Latest and Standardized Reports
Most of the available software in the market offers a solution either for accounting or for investments. Asset Vantage introduces a standardized and globally accepted way of recording financial statements for both accounting and investment purpose in a single integrated solution; thus improving client and family office decision making capabilities. The solution allows for flexible reporting with various categories like liquidity, strategy, geography, asset class, currency, advisor and more on the fly to give the latest data to the users.
It provides granular access level to its users helping them with options like view, edit, export etc. The solution is also accompanied with an iOS and Android mobile application, allowing a secure tracking of documents and alerts.
Cost-Efficient and State-of-the-art Solution
Asset Vantage provides a cost-efficient solution priced with an annual subscription fee based on the number of tax entities being managed on the platform, making the software an extremely affordable for family offices and accountants serving family offices. As the solution is hosted on AWS cloud there is a zero cost of deployment with all the benefit of a highly secure and continuously monitored environment. In the era of fast technological replacements, Asset Vantage updates its software versions every few weeks all inclusive in the annual subscription fee without any additional costs.
Traditional wealthy families in India are conservative and reluctant about sharing their complete financial information with a third party service providers. Earning the trust of such clients can be difficult given the apprehensions around safety and privacy issues around financial information. Completely acknowledging this, Asset Vantage provides a solution for better control to the customer and advisor keeping the data fully private; accessible to authorized persons only. As the solution is completely hosted on the cloud, the information held in it is readily available for any authorized personnel whenever and wherever they want.
Latest and Standardized Reports
Most of the available software in the market offers a solution either for accounting or for investments. Asset Vantage introduces a standardized and globally accepted way of recording financial statements for both accounting and investment purpose in a single integrated solution; thus improving client and family office decision making capabilities. The solution allows for flexible reporting with various categories like liquidity, strategy, geography, asset class, currency, advisor and more on the fly to give the latest data to the users.
It provides granular access level to its users helping them with options like view, edit, export etc. The solution is also accompanied with an iOS and Android mobile application, allowing a secure tracking of documents and alerts.
Cost-Efficient and State-of-the-art Solution
Asset Vantage provides a cost-efficient solution priced with an annual subscription fee based on the number of tax entities being managed on the platform, making the software an extremely affordable for family offices and accountants serving family offices. As the solution is hosted on AWS cloud there is a zero cost of deployment with all the benefit of a highly secure and continuously monitored environment. In the era of fast technological replacements, Asset Vantage updates its software versions every few weeks all inclusive in the annual subscription fee without any additional costs.
