Saxo Markets has inked a memorandum of understanding (MoU) with Hong Kong-based robo-advisory firm Quantifeed to develop a digital wealth management solution.

Expected to be rolled out in the first quarter of next year, the new offering will offer access to more than 4,000 ETFs, 500 unit trusts, 19,000 stocks, as well as 5,000 government and corporate bonds.

Among the solution’s core functions include portfolio and account management.

It will also provide CIO notices to offer actionable intelligence to advisers and facilitate an “interactive investment journey” to enable advisers to offer a customised experience for clients.

The companies claim that the solution, which will be built on Saxo’s OpenAPI, will make the onboarding process quicker by 70% and boost operational efficiency by ten-fold.

Saxo Markets APAC CEO Adam Reynolds said: “Partnering with Quantifeed to deliver this solution is a win-win collaboration as we tap into their strengths in robo-advisory technology.

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“Combined with our OpenAPI technology and global market access, we can now offer advisers the widest range of asset classes and geographies, which they can then translate into the ability to design optimal portfolios for their clients, while significantly improving their productivity,”

Quantifeed chief commercial officer John Robson added: “Built on top of Saxo’s OpenAPI, Quantifeed’s award-wining robo-technology will streamline the portfolio and account management process, saving advisers time and reducing costs dramatically.

“It will also arm advisers with powerful tools to deliver in-depth and personalised investment advice to customers more quickly and effectively.”