19DECEMBER - JANUARYis this good to know?' feature educates clients about their portfolios by providing simple and concise explanations that eliminate jargon-heavy data and include call-to-actions. Helping increase AUMTo further help the wealth manager create better client outcomes, illio has a unique "What-If" scenario module that shows how different investment decisions affect a client's portfolio over time. Beyond basic performance calculations, these include changes to future income, risks, and ESG as well as sensitivity to future market fluctuations, factors which are often overlooked due to limited tools. This solution works as a consultative approach to build trust with new clients, showcase potential investment opportunities with current clients and highlight their expertise with potential leads.Enhanced Investment Management and Significantly Improved Client RelationsA success story exemplifying illio's impact is of a Hong Kong-based small to medium-sized wealth manager responsible for several HNWIs. While competing with big American and Asian private banks in investment management proficiency, this client knew they needed differentiating technology to enhance their offering on both reporting, analytics and client engagement. With other solutions either being too expensive or complicated to use, illio's offering gave the right balance between professional portfolio analytics and intuitive client experience to differentiate their services. A game-changer in wealth management, illio strives to close long-standing advisor-client communication gaps through its user-friendly platform and distinct reporting capabilities that enhance productivity and customer engagement, eventually building trustworthy relationships.The Team and Future OutlookFounded by hedge fund and private bank alumni, Vanessa Gibson, Sarang Karkhanis ,and Ken Sue, illio has mixed that domain expertise with non-financial experts in the UX and Marketing teams to ensure that the messaging is always simplified and user friendly. Furthermore, rather than rely on AI chatbots, illio provides highly trained staff to offer specialized, white-glove service for onboarding and support.During its three years of product development, illio acquired several anchor clients and positive feedback before the full product launch in 2023. The system can be taken as is, in modules or white-labeled. Whilst maintaining a robust calculation engine in the backend, it focuses on user experience (UX) for both wealth managers and customers. Beyond a wealth tech platform, illio is a paradigm shift in wealth management that closes advisor-client communication gaps and enriches an advisor's toolkit with actionable insights, setting new industry standards for productivity and client engagement.
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