Having seen success within the US, HSBC UK Personal Banking, the principal personal banking enterprise of the HSBC Group within the UK, has now prolonged its partnership with Addepar, the worldwide know-how and knowledge firm that helps funding professionals, to supply shoppers with a brand new reporting expertise.
HSBC UK Personal Banking serves home and worldwide extremely and high-net-worth shoppers, in addition to household places of work. Its US counterpart has already skilled the advantages of Addepar, with the tech agency aggregating efficiency for shoppers who maintain investments with different wealth managers, which means shoppers can see a full image of their whole funding portfolio.
Charles Boulton, head of personal banking, HSBC UK, stated: “We’re delighted to be adopting Addepar’s wealth administration software program platform. Offering real-time, tailor-made shopper reporting throughout all asset varieties is crucial to our shoppers.
“Addepar’s platform will imply that our shoppers have the very best insights at their fingertips to handle an more and more advanced monetary panorama. With the ability to current a shopper’s whole portfolio to them so that they have a holistic view of their wealth throughout a number of currencies and a number of wealth managers might be an enormous step ahead for us.”
James Thomson, head of funding counselling, HSBC UK Personal Banking, stated: “As a pacesetter within the options house, with an increasing number of personal banking shoppers eager to have a proportion of their portfolio on this asset class, Addepar’s superior options reporting capabilities was an vital promoting level.
“Our new reporting capabilities will imply our funding advisors can ship deeper insights and better transparency to our shoppers in a extra environment friendly manner, which means they’ll spend extra time on what issues most: offering our shoppers with high-quality recommendation supported by sturdy analytics.”
HSBC is optimistic about additional extending its partnership with Addepar too, as plans to roll out the platform within the Channel Islands and Luxembourg later this yr are already underway.
Why Addepar?
The Addepar platform offers an enhanced shopper reporting expertise, with advanced facets corresponding to options and account aggregation. Relationship managers and funding advisers can present shoppers with bespoke, complete efficiency knowledge and insights on their investments with only a few clicks.
Eric Poirier, CEO of Addepar, stated: “Addepar exists to convey better transparency, connectivity, and intelligence to the worldwide funding ecosystem. HSBC UK Personal Banking’s adoption of our platform displays precisely that form of forward-thinking management—embracing an answer designed to empower traders, advisers and their shoppers with a whole and well timed data-driven perspective to confidently navigate complexity with actionable insights.
“As our first main UK financial institution associate, HSBC is redefining what it means to guide with knowledge and ship actually differentiated shopper experiences.”