MLP Banking AG and digital financial consulting software provider, aixigo, have developed a digitally supported portfolio evaluation and optimisation solution, reports Jane Connolly of Fintech Futures (Finovate’s sister publication).
The VEM Guide supports MLP’s wealth management advisory services by transparently modeling possible portfolios with just a few clicks, taking into account customer requirements for risk, return and liquidity.
Risk assessments are then automatically evaluated and updated daily, with forecasts based on economic research by specialists at MLP Group company, FERI Trust GmbH.
“The VEM Guide is a very good example of how personal advice can be meaningfully supplemented by digital service,” said Jakob Trefz, head of wealth management at MLP Banking AG. “In this way, we make our customers’ decisions even faster and at the same time we support our advisors in the best possible way.”
Mario Alves, head of sales and partner management at aixigo, added: “The integration of the aixigo risk engine into MLP’s VEM Guide shows how the needs of clients and advisors in wealth management can be met precisely.”
As well as modeling and implementing portfolios more easily, the software can also generate associated documents and offer a digital customer signature option.
Aixigo demonstrated its Digital Financial Portfolio Management Back Office solution at FinovateFall 2018. The solution enables a small group of advisors to easily manage hundreds of thousands of investment portfolios.
Founded in 1999, aixigo is based in Aachen, Germany.