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November 4, 2022

Fintech firm Saxo rolls out new digital advisory tool for wealth managers

Singapore-based fintech outfit Saxo has introduced a digital advisory solution to enable independent asset managers and financial advisers to offer improved services to their clients.

Called SaxoPartnerConnect, the platform will facilitate self-directed, advisory and discretionary activities.

The tool, which is available to Saxo’s institutional partners across the globe, is capable of addressing several issues, such as operational and productivity, among others.

Using SaxoPartnerConnect, the partners will be able to develop dedicated model portfolios for both discretionary and advised clients, the company claims.

The tool also features SaxoAdvisor, a financial advisory tool that allows partners to generate investment proposals.

In addition, SaxoPartnerConnect includes client screener, which offers a complete summery of the users’ client base.

Client management portal of the tool helps the users to gain access to multi-asset classes offerings using improved allocation and rebalancing solutions, noted the firm.

Saxo APAC CEO Adam Reynolds said: “Singapore is Saxo’s Asia Pacific hub and the first market in the region we are rolling this wealth manager platform out in.

“An Accenture study noted that delivering a true advisory proposition that is goals-led, holistic, and digital-first but integrated with financial advisors will be crucial for future competitiveness. We are fully committed to helping our partners realise that for their businesses, and SaxoPartnerConnect is designed with these partners’ pain points in mind.

“It offers a comprehensive digital one-stop solution that helps advisers achieve scalability whilst reducing costs and complexities.”

According to Saxo Institutional head of APAC Ivan Chang, SaxoPartnerConnect will help wealth managers to comply with regulatory requirements.

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