Wealth Dynamix Expands Its Footprint in the Middle East

Wealth Dynamix, a leading provider of unified, digital-first Client Lifecycle Management (CLM) solutions, has made significant strides in the Middle East by partnering with Picard Angst MEA, an independent financial services provider. This collaboration aims to enhance client onboarding processes and boost productivity within the financial sector, marking a pivotal moment for both companies as they navigate the evolving landscape of wealth management in the region.

A Strategic Partnership

Founded in 2014 in the Dubai International Financial Centre (DIFC), Picard Angst MEA Limited has established itself as a key player in the Middle Eastern financial services market, catering primarily to institutional investors. The firm’s decision to adopt Wealth Dynamix’s CLM platform, known as CLMi, underscores its commitment to improving operational efficiency and client service.

Wealth Dynamix’s CLMi platform is designed to streamline various aspects of client management, making it an ideal choice for Picard Angst MEA as it seeks to modernize its onboarding processes. The integration of this technology is expected to yield significant benefits, including faster client onboarding, enhanced compliance, and improved adviser productivity.

Accelerating Client Onboarding

One of the primary advantages of implementing Wealth Dynamix’s CLMi platform is the acceleration of client onboarding. Traditional onboarding processes in the financial sector can be cumbersome and time-consuming, often leading to delays that can frustrate potential clients. Wealth Dynamix’s automated procedures and digital forms are set to drastically reduce onboarding times, allowing Picard Angst MEA to onboard new clients more quickly and efficiently.

This efficiency not only enhances the client experience but also positions Picard Angst MEA to capitalize on new business opportunities in a competitive market. By reducing the time it takes to onboard clients, the firm can focus on building relationships and delivering tailored financial solutions.

Enhancing Compliance

In an industry where regulatory compliance is paramount, Wealth Dynamix’s CLMi platform offers a comprehensive compliance engine that ensures adherence to regional requirements. This feature is particularly crucial for financial services firms operating in the Middle East, where regulatory landscapes can be complex and subject to rapid changes.

By leveraging CLMi’s compliance capabilities, Picard Angst MEA can mitigate risks associated with onboarding new clients. The platform’s ability to automate compliance checks and documentation will not only streamline the onboarding process but also provide peace of mind to both the firm and its clients, knowing that all regulatory obligations are being met.

Boosting Adviser Productivity

Another significant benefit of the CLMi platform is its potential to boost adviser productivity. Wealth managers often find themselves bogged down by manual processes involved in client onboarding, which can detract from their ability to focus on what truly matters: building meaningful client relationships.

With the implementation of Wealth Dynamix’s CLMi, advisers at Picard Angst MEA will be able to eliminate many of these manual tasks. This shift will empower them to dedicate more time to understanding client needs, providing personalized advice, and ultimately enhancing the overall client experience.

Voices from Leadership

Wealth Dynamix CEO Gary Linieres expressed enthusiasm about the partnership, stating, “We are delighted to welcome Picard Angst as a client. Their commitment to exceptional client service aligns perfectly with our vision. We are confident that CLMi will empower them to achieve their onboarding goals and support their continued growth in the Middle East.”

Michelle Muldoon, COO at Picard Angst, echoed this sentiment, emphasizing the importance of finding a CLM solution that meets their specific needs. “After searching for a CLM solution that enables us to bring best-in-practice onboarding processes and procedures, Wealth Dynamix CLMi was the obvious choice. The system accommodates all our needs and requirements to smoothly onboard our clients in a timely manner, making our internal process efficient not only for ourselves but also for our clients.”

A Legacy of Excellence

Picard Angst MEA Limited is part of a legacy that dates back to 2003 in Switzerland, where the firm was established. With a reputation built on independence, dependability, competence, and creativity, Picard Angst has successfully created and managed its own investment funds while also taking on individual asset management mandates.

This partnership with Wealth Dynamix marks a new chapter in Picard Angst MEA’s journey, as it seeks to leverage technology to enhance its service offerings and maintain its competitive edge in the Middle East.

Conclusion

The collaboration between Wealth Dynamix and Picard Angst MEA represents a significant step forward in the evolution of client lifecycle management within the financial services sector in the Middle East. By embracing digital solutions that streamline onboarding, enhance compliance, and boost adviser productivity, both companies are poised to thrive in an increasingly competitive landscape. As the region continues to grow as a financial hub, such partnerships will be crucial in shaping the future of wealth management.