Here are the key takeaways from the whitepaper on the impact UWI is bringing to the asset, wealth and brokerage industries:
- Unfettered product innovation: The WealthDesk platform helps with portfolio management and distribution, and provides regtech, marketing, and execution support. WealthBasket managers can focus entirely on creating innovative multi-asset investment products and no longer have to worry about how to present and sell offerings.
- Exploitation of distribution channels and network effects: WealthBaskets can be distributed seamlessly to online and offline investors by leveraging existing distribution networks of brokers, distributors and RMs with the added benefit of powerful network effects on UWI.
- Global offer for retail investors: Retail investors can easily invest in premium wealth building products in addition to brokerage platforms and other trading platforms, profitably.
The white paper also draws attention to the brokerage industry in India which has been growing at 7.79% annually since 2016 and now has almost 95 million dematerialized accounts, proof of the strong demand in the country. . The supply, however, faces problems with only 1,300 registered investment advisers in India, ie just 1 RIA for every 71,000 investors.
Historically, wealth management products such as portfolio management services (PMS) and alternative investment funds (AIF) were not available to retail investors due to the minimum size of investments required. This has created a chasm between what retail investors want, i.e. innovative wealth solutions and ease of investing through technology, and what the retail wealth management market offers them. currently, that is to say fragmented and multi-step journeys.
A consequence of this has been that the mutual fund schemes offered by CMAs have become increasingly large, meaning that the right packaging of wealth management solutions on these products for retail investors is missing. . This is where the Unified Wealth Interface (UWI) plays a crucial role.
Speaking at the white paper launch Ujjwal Jain said
“We built UWI as an internet-scale interface to not only bridge the existing gaps, but to elevate the entire ecosystem. UWI enables investment makers to create innovative multi-asset investment products, bundle them into WealthBaskets, and then distribute them at scale via an ever-growing list of over 100 UWI Partners in an inexpensive way, transparent and efficient. We are excited about the possibilities that UWI offers to all stakeholders in the asset, wealth and brokerage ecosystem.
The white paper further provides an overview of the current investment landscape, highlights the prevailing gaps in the asset, wealth and brokerage ecosystem, and outlines how UWI brings interoperability through a robust technology layer to effectively bridge these shortcomings. UWI seamlessly links research, product manufacturing, production and large-scale distribution.
The white paper can be downloaded at https://wealthdesk.in/wp-content/uploads/2022/09/UWI-Whitepaper.pdf