Wealth Management Platform with Robo-advisor, Remote Portfolio Construction and Monitoring Functionality

Project’s Background

The client is a well-established Swiss wealth-advisory and asset-management company Gigant Customized Investment Portfolio LLC. In order to expand the market reach and provide a new fully digital service to their clients they decided to launch a new online platform that will automate their consulting workflow and allow the clients to access their wealth-advisory services remotely, anonymously from anywhere in the world. 

The client was looking for a full-cycle top-notch development partner with good understanding of the wealth-management and FinTech domain to convert the initial idea into a live application and provide post production maintenance services. Itexus track record of successful FinTech and Wealth-management projects and personal meeting convinced the client to entrust his project to us. 

Functionality Overview

The platform allows investors to register, answer a questionnaire to determine their risk profile, investment goals and time-horizon and choose to receive either a recommended model portfolio or a custom-made individual portfolio.

The individual custom-made portfolio is created by the client’s portfolio construction team based on the current situation on the market, client’s experience and views. It consists of an optimal allocation between the individual stocks and bonds, funds, alternatives and cash, The platform features a special portfolio construction tool allowing semi-automatic creation of the portfolios using preselected securities for each asset class. 

The portfolio is further monitored, rebalanced and adjusted by the Gigant Customized Investment Portfolio team. The client receives alerts if any changes in his portfolio are proposed and can compare his portfolio performance with a benchmark.

The platform features a sophisticated administration module connected to leading market-data providers and news feeds that allows to semi-automatically create and monitor all the portfolios in the system. Once the relative weight of an asset class in a certain portfolio increases or decreases more than a certain percentage identified in advance, the advisor will propose Rebalancing or Switch & Rebalancing options, to ensure that the client’s portfolio stays within the desired risk level.

The investors pay an advisory fee for each portfolio or rebalancing advice they are getting or may choose to give Gigant Customized Investment Portfolio LLC the custodian rights over their account if they are happy with the advice that they are getting.

Results & Future Plans

The system is ready and live. The client is working with the legal advisers to ensure the new process is fully compliant with the Swiss laws. Itexus and Gigant Customized Investment Portfolio LLC are discussing the co-marketing plan and the new features for the product including mobile clients for iOS and Android platforms.