New Delhi, Sep 7 : WealthDesk an investment technology platform has launched an white paper that explains how the Unified Wealth Interface (UWI) is democratizing wealth creation.Written by WealthDesk CEO and Founder Ujjwal Jain, the white paper outlines how the UWI will be a game changer in the broking, asset, and wealth ecosystem.
One of the main points of the white paper is that UWI assists in the management of portfolios and distribution, as well as providing marketing, regtech and execution assistance.
The WealthBasket managers can focus completely on the development of unique multi asset investment solutions, and they do not have to think about the best way to package and market the products.
“WealthBaskets can be distributed seamlessly to offline and online investors through the existing distribution networks of distributors, brokers and RMs with the added advantage of powerful network effects that affect UWI,” read the white paper.
Retail investors can invest in top wealth-creation products on the top of broking as well as other transaction platforms in an economical way.
The white paper highlights the Indian broking industry, that has grown at a rate of 7.79 percent since 2016.Currently, there are more than 95 million accounts in demat which is a proof of the huge demand in the country.
The supply side is facing challenges with only 1300 accredited investment advisors in India i.e.only one RIA per 71,000 investors.
In the past, wealth management products like Portfolio Management Services (PMS) and Alternate Investment Funds (AIF) haven’t been accessible to investors who are retail due to the size of the high minimum size investments required.
“This has led to a wide gap between what retail investors are looking for i.e.innovative wealth solutions, and the ease of investing using technology, and what the market for wealth management is offering them i.e.multiple-stop, fragmented, and multi-stop,” said the white paper.
The result of this is that the Mutual Fund schemes offered by AMCs getting larger and bigger and this means that the appropriate packaging of wealth solutions for the products designed for investors who are retail isn’t there.
This is the place where the Unified Wealth Interface (UWI) plays a vital role.
Speaking about the release of the whitepaper, Ujjwal Jain said “We have created UWI as an internet-scale interface that not only bridges the existing gaps, but also to improve the whole ecosystem.
“UWI allows investment companies to create innovative multi-asset investment solutions and package them into WealthBaskets and distribute them in a mass manner through an ever-growing list of over 100 UWI partners in an affordable smooth, seamless, and efficient way.We are thrilled by the possibilities UWI provides to all stakeholders of the wealth, asset and broking industry,” said Jain.
The white paper also gives an outline of the present investment landscape.It highlighting the current gaps in the wealth, asset and broking ecosystems and outlines the ways in which UWI is bringing in interoperability using a solid technology layer that can make these gaps more effective.
UWI effortlessly connects research, manufacturing of products distribution, productization, and research at a scale.
The whitepaper can be downloaded at https:wealthdesk.in/wp-content/uploads/2022/09/UWI-Whitepaper.pdf
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