What a reporting tool for wealth advisors would really need
Guide contents
1. Multi-client as a first-class concept
Not one account per client with a shared password — that is what people do today and it is unworkable. It would need one workspace where each client is an entity with their own connections, their own permissions and their own report, and a view across all of them.
The hard part there is not the interface, it is consent: the client authorises access to their own bank, and the advisor sees the result without ever holding the client's credentials. Anything else is a compliance problem waiting to happen.
2. A report you would actually be willing to send
A dashboard is for you; a report is for your client. Those are different artefacts. The report needs a fixed period, a defensible valuation date, your own presentation, and enough explanation that the client does not need you on the phone to read it.
Our hypothesis is that recurring scheduled delivery matters more than customisation. We may be wrong about that, and it is the kind of thing we would rather be corrected on early.
3. Auditable numbers, not just pretty ones
For a client report, every figure needs a traceable origin: which connection it came from, on which date, at which exchange rate. Without that, a question about one number turns into rebuilding the whole month.
This is also where manual consolidation loses on quality and not only on time, which is the argument we suspect actually matters to an advisor.
4. Tell us where this is wrong
The three hypotheses above are our best guess from the outside. If you do this work, you know which one is off and which one we have understated.
Write to us at finboardme@gmail.com with your case — how many clients, how many institutions, what your current process is. We read all of them, and there is nothing to buy at the end of it.
Does your month look like this?
We are still deciding whether to build this. Your case is what tips the decision.
Tell us about your case