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LGT Wealth India and Asset Vantage announce collaboration

By Leandra Monteiro

April 05, 2023

  • Asset Management
  • Asset Vantage
  • Digital Family Office
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LGT Wealth India, Asset Vantage LGT Wealth India, a private wealth management firm and part of the LGT Group, has partnered with Asset Vantage (AV) to provide a Full Stack Digital Family Office and Portfolio Analytics Solution using advanced technology.

On the launch of the Digital Family Office, Atul Singh, Managing Director and CEO of LGT Wealth India, said, “We are excited about this collaboration and the launch of the LGT Wealth India Digital Family Office, which is a milestone for our organization. This reinforces our endeavour to provide best-in-class solutions for our clientele. In our constant effort to deliver client-centric solutions, we realized a need to develop one that is easily accessible, offers a holistic view of investments and accounting for identifying risks and provides in-depth portfolio analytics.”

Through this collaboration, both companies have come forward to deliver a superior technology solution, which seamlessly consolidates portfolios across multiple accounts and investments for family offices.

Nimish Shah, Managing Director – Family Office & Portfolio Analytics at LGT Wealth India added, “Effective asset allocation, performance, and risk analytics are possible only on the back of accounting-based data of accurate and reconciled financial information across family members, entities, asset classes, geographies, currencies, advisors, AMCs, banks, demat, and multiple other sources. It is almost magical how clean and concise aggregated data can help families focus on knowing where the investments are, their performance, and their risk.”

The data extracted on the platform helps offer insightful intelligence and analytics on investments and financial performances. This single view of the entire investment portfolio is designed to provide an overall portfolio-level position rather than just an investment security-level perspective. Today, HNIs and UHNIs have investments across various distributors, advisors, brokers, demat & bank accounts, and directly with AMCs, all of which may be handled in isolation.

Chirag Nanavati, Managing Director, Asset Vantage, India said, “We are delighted to partner with LGT Wealth India, to help bring global best practices in integrated investment reporting and accounting technology to help them create a Digital Family Office product for their high-net-worth customers”.

The solution assists in comparing the performance as well as identifying risk limits for the portfolio. It offers data reconciliation, investment analytics, performance matrices, and investment tax details through a fully integrated accounting ledger system. This robust wealth-tech system can produce dynamic reports for family offices across family members, family entities, asset classes, currencies, and advisors, all of which can be generated for customizable timelines.

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