Thirdrock Group to implement AGDelta’s Digital Wealth Platform to compliance-proof their advisory service and increase productivity
Investment in technology is an appreciation of the changes in the wealth management landscape, and the new ‘digital’ client
SINGAPORE – 22 March 2018 AGDelta and leading independent investment management firm, Thirdrock Group (Thirdrock) announces today a partnership that will digitalise the investment management firm’s product platform through AGDelta’s Digital Wealth solution.
The Digital Wealth Platform will be fully integrated into Thirdrock’s existing technological architecture and augment the firm’s wealth management, wealth planning, client relationship, risk analysis and compliance capabilities. Integrated tools that allow Client Advisors to manage client relationships and portfolios more effectively, combined with the Digital Wealth Platform’s high-powered compliance monitoring process, will empower Thirdrock’s Client Advisors and enhance their value proposition. With centralised risk management, reporting and analysis, Thirdrock’s clients will also benefit from a clear overview of their portfolio and an ability to drill down to gain a deeper understanding of their assets.
In addition, the platform leverages Artificial Intelligence (AI) and Big Data analytics, proactively identifying relevant investment opportunities for Thirdrock’s Client Advisors, Portfolio Managers, and their end clients. This will allow for real-time access to different advice and market information, while synthesizing and distilling the information, leading to sharper investment strategies to enhance portfolio performance.
Says Melvyn Yeo, Executive Partner and Investment Committee Chair of Thirdrock, “We understood early on that we had to embrace digitisation and have been actively seeking cutting-edge technological solutions that can meet increasingly onerous regulatory demands and allow us to provide superior client service.”
Yeo adds, “Our clients today expect more from their wealth managers and AGDelta’s award-winning Digital Wealth Platform meets our needs in terms of faster service, more choices with greater accessibility and enhancing the framework in making good risk-adjusted investment decisions for their portfolios.”
Thirdrock works with numerous custodian banks, buy-side institutions and research houses for investment research and trade ideas, which is currently manually filtered for house views. This process will be entirely automated, with information immediately filtered and auto-tagged to product offerings in their product shelf which are compliance-proofed from a suitability and MIFID2 perspective. AGDelta’s Digital Wealth Platform strives to encapsulate research and trade ideas around Thirdrock’s Investment Committee views and is expected to be fully deployed at Thirdrock by Q3 this year.
“AGDelta’s Digital Wealth Platform will bolster Thirdrock’s investment management capabilities and help the firm consolidate its position as one of Asia’s largest external asset managers by AUM,” says Andrew Au, CEO of AGDelta, adding, “AGDelta removes barriers to executing financial investments and makes them more suitable, safer and appropriate. Additionally, our platform allows Thirdrock’s team to execute deals with confidence, safe in the knowledge that they are in compliance and adhering to all relevant regulations.”
AGDelta is an award-winning Singapore-based company that makes financial investments, services and advice more accessible, safer and smarter, by digitising the wealth ecosystem. AGDelta achieves this by connecting buyers and sellers of financial investment products through its Digital Wealth Platform, bridging the financial supply chain. The Digital Wealth Platform employs Artificial Intelligence (AI) and data analytics to enable the identification of more relevant investment opportunities, and leverages RegTech to address compliance in 15 market jurisdictions, removing barriers to investment and ensuring suitability and appropriateness across complex cross border settings. AGDelta is one of the largest B2B financial investment platforms in Asia, handling over USD$1.5 trillion worth of financial investment product transactions. Visit www.agdelta.com for more information.
About Thirdrock Group
Thirdrock is an award-winning independent investment management group headquartered in Singapore, with a focus on servicing and advising accredited high net worth investors and corporate clients globally. Thirdrock Capital, the principal operating company of Thirdrock Group, holds a Capital Markets Services License under the Securities and Futures Act (Cap.289) issued by the Monetary Authority of Singapore.
Founded in 2010, Thirdrock leverages its unique platform to provide truly independent, innovative and tailored investment solutions. Thirdrock’s investment management capabilities extends also to a funds management platform and corporate advisory services via a strategic partnership with Thirdrock ISSEA.
Backed by a comprehensive technology platform powered for high-impact investment insight, portfolio analysis, client management, as well as compliance and risk management, Thirdrock is an institutional-grade wealth manager founded on a robust operational infrastructure, sound risk management and rigorous investment processes.
Ellerton and Co for AGDelta
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Irene Kew, Head of Communications
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