Switzerland-based Avaloq has launched its personalised investment management solution, Avaloq Wealth.

Avaloq Wealth is the first of a new core-agnostic suite of digital wealth management platforms. It enables highly personalised investment advice and bespoke services. It is available stand-alone, away from Avaloq’s other 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 advisers as well as end-clients. It provides banks and wealth managers with powerful tools to gain investment insights and support real-time investment advice.”

Martin Greweldinger, Avaloq group chief product officer, said: “Over the next three to five years, there will be a huge generational shift in the global wealth management industry as investment portfolios are being transferred from the baby boomers to the millennials, the so-called ‘digital natives’. Next-generation wealth management clients want to manage their financial affairs in real-time and invest their money based on a highly personalised 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.”

Avaloq is also planning to launch two more platforms in the coming months; Engage and Insight. They are designed to provide cost-efficient, end-to-end digital solutions with the aim of democratising wealth management.

In May 2020, Infosys and Avaloq agreed a strategic partnership to provide end-to-end wealth management capabilities through digital platforms.

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As part of the partnership, Infosys will be a strategic implementation partner for Avaloq’s wealth management suite of solutions. The aim is to help clients modernise and transform their legacy systems.

Also, Infosys will leverage its Global Delivery Model and a standardised approach to implement Avaloq’s solutions for clients. The goal is to combine Avaloq’s knowledge with Infosys’ transformation capabilities and build a one-stop shop for wealth management clients.