UBS goes into partnership with Addepar and Mirador and has introduced a new service that will give its ultra-high net worth clients in the US a consolidated, real-time picture of their complete portfolio, including traditional, non-traditional, and illiquid assets.
Besides, financial advisors at UBS will now have access to thorough analytics that will enable them to identify possibilities and dangers across client portfolios. At the same time, they will be able to visualize more efficiently their customers’ investment performance, cash flows, and worth.
According to John Mathews, Head of Private Wealth Management at UBS, “We recognize that our advisors need an intuitive, visual, and modern offering that will provide a complete picture of their clients’ full portfolio – from stocks and bonds to alternative investments and their private art collections. Equally, with the support of their financial advisor, our clients will be able to obtain a deeper understanding of their wealth, which will enable them to make better decisions to achieve their financial objectives”.
In fact, Addepar connects cutting-edge software, data, and service partners from throughout the financial sector thanks to its open architecture construction.
After UBS goes into partnership, its advisors will be able to combine client performance calculations that are displayed in an intuitive graphic interface thanks to Addepar’s data, analysis, and reporting capabilities, which will also help them get further insights into investment trends and returns.
According to Eric Poirier, CEO of Addepar, “Our relationship redefines what is possible for advisors and their customers and genuinely empowers data-driven investment decisions in a quick, thorough, and secure way. Indeed, it is evident from working with UBS that they value having the greatest technology, information, and solutions to satisfy their clients’ needs both now and in the future”.
Furthermore, the financial data technology specialists at Mirador, who are a part of the Addepar partner ecosystem, will assist UBS’s advisors with data administration, unique visualization, and personalized reporting, as well as with operations and system upkeep.
Moreover, Jeremy Langlois, Chief Revenue Officer of Mirador, expressed his excitement over signing UBS as the company’s first enterprise-wide client.
Also, the firm’s advisors said that they were looking forward to working with UBS advisors on providing tailored solutions to help their clients understand their needs and unique ownership, family, and legal entity structures to achieve their financial goals.
