Privé Technologies, in collaboration with HDI Insurance, which is part of one of Europe’s largest insurance groups Talanx Group, has successfully launched the HDI FundsGuide. The innovative software solution was built for HDI Germany and HDI LEBEN in Austria. It comprehensively maps the entire advisory and investment selection process within unit-linked life insurance.The HDI FundsGuide allows for the complete digitisation of the end-to-end advisory process. Sales partners and clients can enjoy a seamless transition from the initial risk profiling, investment preference selection to portfolio generation and optimisation, in addition to being able to complete the process with a compliant advisory protocol, all in one place.
The aim of the FundsGuide is to better support both advisors and clients through the sales and risk profiling process. Through the FundsGuide, advisors are able to easily filter and select suitable funds for clients, as well as construct and generate portfolios, greatly speeding up the process and allowing for an easy transition between each different aspect. Furthermore, clients may often feel that they lack knowledge of the financial markets and struggle to explain goals and preferences. The FundsGuide gives confidence to the client by guiding them through approachable, low-barrier questions and providing transparent data.The fully integrated End-to-End Advisory Process covers the entire client journey The FundsGuide begins with risk profiling, where the tool enables sales partners to ask clients targeted questions, such as their experience with the capital market, desired investment period and objectives, as well as their security requirements and expected returns. Using this data, the client’s individual risk score is generated based on a configurable scoring logic. Depending on their chosen plan, the client can then personalise their portfolio according to a wide variety of preferences, which includes the sustainability share in portfolio, individual preference for regions, niche investments, share of ETFs and others.Through our patented AI optimizer, the FundsGuide uses this data to create the optimal portfolio for the client. Sales partners can review the proposed portfolio with their clients supported by a wide range of analysis options for their portfolio, such as its return, risk and stress tests, to make potential risks during times of crisis transparent. The portfolio can also be manually edited, and multiple versions of the portfolio can be compared. However, the original version of the portfolio will always be its best performing version. Once the client is satisfied with a portfolio, a compliant advisory protocol is generated which allows for the portfolio to be accepted without leaving the FundsGuide.Roland Meier, Managing Partner Europe and Group CFO at Privé Technologies noted: “Thanks to AGILE working methods, the joint development and implementation of the HDI FundsGuide went smoothly. The feedback from HDI’s sales partners was very encouraging and we are proud of the results. We were able to successfully implement the key requirements of HDI Leben. Clients can decide what percentage of their portfolio consists of sustainable funds, and are able to choose from 11 different focus topics such as renewable energy, megatrends or gold. The digitalisation of this end-to-end yet intuitive advisory process that includes both risk-ratings and the creation of client specific portfolio proposals is truly innovative, and I would like to sincerely congratulate HDI Leben on accomplishing such a task.”About Privé TechnologiesFounded in 2011, Privé Technologies is a leading Software as a Service (SaaS) provider digitizing wealth management services of Banks, Asset Managers or Insurers. Our suite of products spans from client acquisition, digital onboarding and robo-advisory solutions, to portfolio construction, AI optimization, portfolio management (PMS), portfolio monitoring and reporting, to account aggregation, and more. Our lego block approach allows clients to choose and assemble unique journeys using Privé modules to suit their individual needs, such as fully digital Advisor-led wealth management journeys or end-to-end robo-advisory solutions. Privé Technologies services over 70 blue-chip clients across 16 markets globally and currently has offices in Hong Kong, Singapore, Taiwan, South Korea, Thailand, Germany and Austria.Contact Asiasales@privetechnologies.comContact EuropeRené Danzinger | Head of Marketing & PR | firstname.lastname@example.orgDISCLAIMER: This press release is for information purposes only. Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Privé does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Privé and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages. Privé assumes no obligation to update any information contained herein.