WealthBridge
•Download as PPTX, PDF•
0 likes•248 views
The document discusses improving client experience in wealth management through new technology solutions. It describes current client dissatisfaction due to inefficient and manual processes used by wealth managers. The company, WealthBridge, aims to address this by developing software that provides real-time rebalancing, back-testing, and improved communication between clients and advisors. It has validated customer interest and outlines plans to license its software to banks and grow revenue over time from an increasing number of financial advisor users. The document requests $1 million in funding over two years to further develop the product and expand the team.
Recommended
Recommended
More Related Content
What's hot
What's hot (20)
Viewers also liked
Viewers also liked (10)
Similar to WealthBridge
Similar to WealthBridge (20)
Recently uploaded
Recently uploaded (20)
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