Understanding the Digital Family Office
A digital family office is a technology-enabled wealth management solution that simplifies and enhances the financial affairs of wealthy individuals and families. Compared to the costly and complex traditional family offices, digital versions are more accessible and affordable. They use sophisticated software to aggregate and consolidate diverse assets, including bankable and non-bankable assets, with easy-to-use interfaces and real-time reporting for informed decision-making.
The Altoo Advantage: Redefining wealth aggregation and management
Altoo, a Swiss wealth technology company, stands out in the digital family office space. Recognised by Forbes as a top software solution for family offices, Altoo’s Wealth Platform provides a secure, easy-to-use hub for comprehensive wealth management that balances the features of robust enterprise software and plug-and-play solutions.
It serves clients with assets ranging from CHF20 million to over CHF1 billion. Altoo provides a comprehensive view of the wealth portfolio, enabling clients to make informed, timely decisions, eliminating the delays of traditional multi-family offices.
Unlocking the Power of Consolidation and Aggregation
The core capability of the Altoo Wealth Platform is the consolidation of assets from multiple sources, providing clients with a holistic view of their assets. Through seamless integration with bank data feeds and custodians, Altoo updates financial data daily and links it to asset profiles, facilitating the calculation of key metrics and the generation of insightful reports.
Wealth Aggregation: Simple, Dynamic, and Secure Beyond Compare. Discover the Altoo Wealth Platform!
In addition, Altoo’s profile includes non-traditional assets such as real estate, art, NFTs, sneakers, collectibles and patents in client portfolios. This comprehensive approach ensures a complete view of client assets, regardless of their form or location.
Intuitive Reporting and Insight for Informed Decision-Making
Altoo emphasises user experience through intuitive reporting and insight capabilities. Clients can access customised dashboards that show profits, losses, income, expenses and inflows. The platform supports custom reports, allowing clients to analyse investments based on various factors, clarify their exposure to asset classes or banks, and make confident, data-driven decisions.
In addition, Altoo includes transaction cost analysis tools that provide clients with a comprehensive view of the fees that impact their investment performance. This approach allows users to more accurately assess portfolio performance and identify opportunities for optimisation.
Protect Wealth and Build a Digital Legacy
Altoo’s platform provides clients with efficient tools for wealth management, asset protection and future planning. It centralises investment data in a secure private cloud, enabling the review of past performance and the creation of a digital wealth legacy. The platform’s collaboration tools allow third-party advisors to seamlessly coordinate services while maintaining privacy.
Data security is of paramount importance to Altoo. They maintain rigorous standards by operating their own secure data centre in Switzerland, using advanced encryption and maintaining an in-house team for client service and platform development.
Cost-Effective and Customisable Solutions
Altoo’s pricing structure is designed to be fair and transparent, with fees based on the number of banking relationships rather than the client’s net worth. The platform offers a range of modules that allow clients to customise their experience based on their specific needs. Factors such as transaction frequency and asset complexity influence the cost of additional services, reflecting the level of data reconciliation and cleansing required.
