When Diversification Meets Fragmentation
Your wealth is likely more complex than it was a decade ago. A diversified portfolio is a hallmark of good wealth management.
Statistics say your approach to wealth management is more complex as well. According to the Capgemini 2024 World Wealth Report, on average UHNWIs increased their number of wealth management from three in 2020 to seven in 2023 — a 133% jump.
All of the information associated with your holdings is out there. Your Swiss banker knows about your Swiss holdings. Your London solicitor knows about your UK property structures. Your US wealth advisor knows about your American investments.
But do you and your stakeholders have a consolidated view that proper planning requires? Can you list every entity holding your assets? Every custodian? Every beneficial ownership structure?
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If not, establishing your baseline becomes its own project before pre-move planning can even begin. Your pre-move phase might stretch from weeks to months. And during this period, markets move, policies change, and opportunities close. The cost isn’t just time; it’s also the strategic options you lose while assembling basic facts.
What the Wealth Inventorisation Process May Reveal
The forced pre-move investigation exercise may surface things most UHNWIs haven’t thought about in years. That investment account opened with a previous advisor that still generates quarterly statements — what’s its current value, and which entity actually owns it? The property holding structure established for estate planning purposes a decade ago — who are the current trustees, and where are those documents? Insurance policies purchased in different jurisdictions with beneficiary designations that may not reflect your current family situation.
Such questions are the natural result of wealth that has evolved over decades. Advisors change. Strategies shift. Structures that made sense at the time remain in place, gradually fading from active attention whilst continuing to exist in the background. Everything seemed to be more or less under control — until relocation planning showed that it wasn’t.
Suddenly the complete picture matters. Which entities exist across which jurisdictions? What are the beneficial ownership chains? Where do reporting obligations sit? What you discover during this process often shapes your planning options more than you’d expect: A forgotten structure might present an opportunity, or an unclear ownership chain might require resolution before you can proceed.
Why Pre-Move Is the Moment of Truth
Henley & Partners’ 2025 Private Wealth Migration Report projects 142,000 millionaires will have relocated internationally by the end of this year, continuing the acceleration in global mobility among the wealthy.
Good relocation planning doesn’t start with “where should I move?” It starts with “why should I move?” Answering this question effectively requires you to know exactly what assets you have and where they are before you consider how relocating will optimise their performance.
This sequencing matters. Moving to the UAE with one asset configuration might be straightforward. With a different configuration, it could trigger unintended tax consequences or require restructuring that takes months. Decisions made during the planning phase have lasting implications.
Personalised advice is essential for making such critical wealth decisions, and based on the Capgemini research you know it: 46% of high-net-worth investors are planning to change wealth management providers in the next 12-24 months, with 65% expressing concern about the lack of personalised advice. But you should also know that your advisors cannot provide truly comprehensive guidance with partial visibility of your total wealth picture.
Infrastructure for Pre- and Post-Move Clarity
Sophisticated aggregation tools can consolidate data from multiple custodians, providing the baseline view that effective planning requires. When you can see everything in one place — assets, liabilities, entities, documentation — the planning conversation shifts from “let me gather that information” to “here’s what we should consider.”
This infrastructure becomes particularly valuable when you’re coordinating multiple advisory workstreams. Your tax advisor, estate planner, immigration specialist, and wealth managers all need access to accurate, current information about your holdings. Purpose-built platforms can provide this shared visibility whilst maintaining appropriate access controls, ensuring everyone’s working from the same baseline.
The Altoo Wealth Platform gives you and your team this infrastructure. It provides visual consolidation of both bankable and non-bankable assets across jurisdictions, easy-to-understand overviews of your holding structures, and secure document storage linked to specific assets — with data from all the institutions you work with flowing in automatically for automated reconciliation. With it your pre-move planning can begin with a complete, accurate picture rather than a months-long discovery exercise.
Contact us to explore how Altoo can help establish comprehensive visibility before your next move, turning the planning phase from an archaeological dig into a strategic exercise.
