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WealthBridge
- 3. Client Adam Wealth Manager Mary
- 4. Client Adam Wealth Manager Mary +
- 5. Client Adam Wealth Manager Mary + $
- 6. Client Adam Wealth Manager Mary + $
- 7. Client Adam Wealth Manager Mary
- 8. Client Adam Wealth Manager Mary + X
- 9. Client Adam Wealth Manager Mary + X
- 10. Client Adam Wealth Manager Mary + X
- 11. Both parties are unhappy Time consuming FrustratedFrustrated Prone to human error Not well informed Communication barrier
- 12. Client Experience is Plummeting at Firms “…while customers are more inclined than ever to seek professional wealth management, they are less trusting and more skeptical now” – Bain & Co. Investment Returns During the Crisis Have Resulted in Plummeting Client Satisfaction Levels
- 13. The WealthBridge Perspective Wall Street Silicon Valley vs.
- 14. The WealthBridge Perspective Wall Street Silicon Valley vs. Focus on the core competency of banks and give them the right tools
- 15. IT builds software for Wealth Managers, not Clients IT Engineers Wealth Managers Clients WEALTHBRIDGE
- 16. Prototype #2
- 22. Our Product Serves Both Sides Time consuming FrustratedFrustrated Prone to human error Not well informed Communication barrier WEALTHBRIDGE Simplicity & Accuracy Real-time Rebalancing Dynamic Back-test
- 23. Our Product Pricing 5 hours a week on rebalancing 4 weeks in working month $20 wage per hour $400 per month in inefficient costs Estimating the Opportunity Cost $100 per month, less than 25% of the opp. cost = Our Price
- 24. Large Addressable Market with Growth Potential Sources: http://www.ey.com/Publication/vwLUAssets/EY-Global_wealth_and_asset_management-industry-outlook/$FILE/ey-global- wealth-and-asset-management.pdf 670,544 Financial Advisors Worldwide $1,200 rev. per year per FA $100 x 12 Product price Mo. Per Year $804.7M $804.7M Total Addressable Market
- 25. WEALTHBRIDGE Bank 1 Financial Advisors We License Software to Banks, Charge per Advisor
- 26. WEALTHBRIDGE Bank 1 Financial Advisors WEALTHBRIDGE Bank 2 WEALTHBRIDGE Bank 3 Individual Bank Penetration Vertical Growth Number of Banks Horizontal Growth We License Software to Banks, Charge per Advisor
- 27. 0 10 20 30 40 50 60 70 2015 2016 2017 2018 2019 Revenue(inmillions) Small Banks Medium Banks Large Banks Wire Houses 48K $1.9M $8.0M $23.9M $59.5M Horizontal & Vertical Sales Growth Strategy Leads to High Revenues Large Banks and Wire Houses Drive Growth
- 28. Competition WEALTHBRIDGE Individual Automated Financial Management Independent and Private Firms Complete Infrastructure Solution Banks Lightweight Plug-in
- 30. WealthBridge is Validated in the Market “This would save a few hours every time we want to run a new rebalancing…[our current process] is very slow” “This would improve the transparency between clients and Financial Advisors” “The back-test makes it easy for both the client and Financial Advisor to see what changes look like” 20% of Wealth Managers we cold-emailed demonstrated interest in our product
- 31. We Need $1M for 2 Years And… GUIDANCE FOR FUTURE PRODUCT LINES ACCESS TO ACCURATE DATA CONVERSATIONS AND INCUBATION
- 33. Appendix • Seed Money • Client Experience • Fintech Investment Trend • Challenging Trends • Detailed Client Dissatisfaction • Client Satisfaction • Clients Ready to Adopt Tech • Additional Product Features • Business Model 1 • Business Model 2
- 34. Seed Money Positions Year 1 Cost Per Year Positions Year 2 Cost Per Year Other Costs Engiener 1 0k Engiener 1 80k Computers 25k Engineer 2 0k Engineer 2 80k Office Space 80k UX/UI 0k Engineer 3 80k Utilies and Other 50k Business Analyst 0k Engineer 4 80k Saftey 25k Product Manager 0k Engineer 5 80k Total Other Costs 180k Year 1 Salaries 0k Sales 1 70k Sales 2 70k Sales 3 70k UX/UI 70k Business Analyst 70k Product Manager 70k Ask 1M Year 2 Salaries 820k
- 35. What’s the Problem? 5 million 25 million 2010 2011 Present 80% 5 million 25 million 81% 5 million 65% 25 million % of clients satisfied with their wealth managers by asset class
- 39. Detailed Client Satisfaction Index
- 40. Clients are Ready to Adopt Tech Solutions Wealth Management Firms are becoming more client focused
- 41. Future Product Features (In Order) Detailed Asset Balancing Monte Carlo Simulation “Real Risk Factor” Model Marketplace Non-Correlated Asset Investments
- 42. Business Model in Detail
- 43. Business Model in Detail