Online wealth management platform rebrands

The rebranding follows a successful Asia launch last year, which saw Wealth partner with more than 25 wealth-management institutions and achieve 400-per-cent year-on-year growth in the number of users accessing the platform.
Wealth has expanded its service offerings to include private banking, tax, trust and legal institutions. It says it is now able to provide the most comprehensive online matching service for Asia’s wealthy to a curated network of experts, professionals and institutions who can make their wealth grow.
Wealth is targeting wealthy individuals in Thailand, after sustained and growing interest in the platform from investors, and an acceptance of technology as a way to access and use wealth-management, legal and taxation services.
“Since launching in Singapore a year ago, we have partnered with over 25 institutions and matched them with wealthy individuals from over 40 countries, with average account opening amounts of US$5 million,” said Dominic Gamble, chief executive officer and co-founder of Wealth.
“Wealthy individuals in Thailand are natural users of Wealth, given the lack of financial products and easily accessible financial experts in this market.
“Over the past year, Wealth has empowered over 500 wealthy individuals in Asia with the knowledge and ability to access a wider pool of wealth managers, resulting in over $250 million in transactions. We will be opening up the legal, trust, tax and private-banking sectors to the same level of transparency and accessibility.”
Wealth says it uses a unique algorithm to connect investors transparently and efficiently with high-quality wealth managers, legal, taxation and trust experts and private banks that are tailored to their unique needs. These investors range from the “mass affluent” individual with a minimum of $250,000 (Bt8.75 million) to ultra-high-net-worth individuals with $30 million or more.
Launched in London in 2012 as FindaWealthMangager.com, and in Singapore in June last year, the platform has provided more than $1.5 billion worth of client leads to the wealth-management industry globally, it claims.
Wealth says it meets the growing demand for more efficient ways to access higher-quality wealth experts in a region where financial services and products are often lacking. Wealthy individuals using Wealth are able to access superior and |more sophisticated advice |covering a range of needs including healthcare, trust and asset protection, property, divorce, wills, succession planning and investments, it |says.
“Thailand’s population of [high-net-worth individuals] has grown by 12.7 per cent over the past 10 years, yet they still rely on basic financial structures and services, with many simply letting their cash sit in bank deposits rather than [looking] for ways to grow their wealth,” Gamble said.
“Investors will be well served by Wealth’s ability to provide a transparent, free, efficient and online means for [them] to tap the knowledge of wealth experts – allowing them to unlock the potential of their assets.”