back Back

The Family Office digitizes regional wealth management platform

By Gloria Methri

June 27, 2023

  • Bahrain
  • FinTech
  • HNWIs
Share

The Family Office Company, Bahrain, Wealth Management, Investment Management, Saudi Arabia, UAE, FinTech, MENA The Family Office, a Bahrain-based wealth manager with offices in Dubai and Riyadh, is implementing several innovative digital initiatives in a bid to engage with an increasing base of tech-savvy clients. The revolutionary measures enable greater efficiency and personalization to meet client needs for wealth management and wealth preservation in the Middle East region.

The increasing demand for financial advice calls for wealth management firms to offer more personalized services while serving a broader range of clients at reasonable fees without incurring additional costs.

Consequently, The Family Office adopts a hybrid approach (face-to-face plus virtual) providing clients greater access to financial advisors with improved efficiency. As clients are commonly accustomed to interacting digitally, roughly two-thirds of wealth management executives have been prioritizing digital initiatives.

Encouraging the use of digital platforms can also improve access to wealth management for the under-served “affluent” segment ($250,000 to $1 million), who represent the future HNWI clients, but are too small for traditional wealth management firms.

The Family Office creates a personalized financial plan based on the unique circumstances, objectives, and risk profile of each client, and a suitable investment strategy. The plan and the strategy are also updated for changes in the macro environment and the client’s own life events.

Additionally, to address the needs of the next generation of wealth management clients, The Family Office has launched its “Invest Now, Pay Later” program, which allows smaller investors to access opportunities (e.g. private markets) that are normally restricted to institutional investors and ultra-HNWI. Through the program, investors can fund just 25% of their portfolio upfront and pay the remainder monthly over up to five years.

The Family Office also provides investors of all sizes user-friendly access to its award-winning digital wealth platform with a wide range of informative and educational resources such as articles, whitepapers, webinars, and analytical tools that can be used independently to improve their understanding of the market.

According to Abdulmohsin Al Omran, founder, and CEO of The Family Office, the digital platform aims to “democratize exclusive global private market opportunities and access to advanced analytics, complementing the traditional services.”

Moreover, the firm’s hybrid approach enables it to unlock synergies between both digital and traditional wealth management serving all generations and guiding them in stable and turbulent times alike.

Previous Article

June 27, 2023

India and Philippines sign MoU to strengthen FinTech cooperation

Read More
Next Article

June 28, 2023

US Bank launches ‘Commercial Rewards Card’ for middle-market companies

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Bahrain

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 22, 2024

Lili launches Accountant AI to streamline finances for SMBs

Read More

May 17, 2024

FinTech Aeropay raises $20m in Series B Financing

Read More

May 15, 2024

SalarySe & HROne to streamline financial benefits for salaried employees

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023