While not all UHNWIs may be involved in the routine aspects of managing their wealth, they all play a key role in ensuring that all stakeholders have appropriate information.
Wise UHNWIs will avoid making themselves single points of failure in wealth information flows. Well-communicated legacy goals, well-written wills, or well-designed contingency plans will be of limited benefit to stakeholders who must scramble – especially in times of uncertainty or grief – to locate records, account statements, and other day-to-day administrative necessities.
In the modern age, an advanced digital wealth monitoring and reporting solution like the Altoo Wealth Platform is an ideal tool for ensuring that advisors, family members, executors, and agents have the information they need to efficiently act in accordance with a UHNWI’s wishes – even if he or she is unable to personally connect the dots.
The platform automatically consolidates, analyses, and visualises data on all of the assets in even the most diversified portfolios. It also features secure digital messaging and file storage with customisable access privileges to ensure that the right people can easily view and understand the right information at the right time.
We look forward to demonstrating how the platform can give you peace of mind that your wishes for your loved ones will be carried out effectively, even in circumstances where you are unable to provide direct guidance. Please contact us to learn more.
