WealthDesk, an investment technology platform released a whitepaper written by its founder and CEO Ujjwal Jain on how the Unified Wealth Interface (UWI) is ‘democratizing wealth creation’.

Here are the key findings from the Whitepaper on the Impact of UWI on the Property, Wealth and Broking Industries:

1. Seamless Product Innovation: The Wealthdesk platform assists with portfolio management and distribution, and provides regtech, marketing and execution support. WealthBasket managers can focus solely on creating innovative multi-asset investment products and no longer need to worry about how to package and sell the offerings.
2. Leveraging distribution channels and network effects: WealthBasket can be distributed seamlessly to both online and offline investors by leveraging the existing distribution network of brokers, distributors and RMs with the added benefit of strong network effects on UWI.
   
   
3. Overall Offer for Retail Investors: Retail investors can easily invest in premium wealth creation products on top of broking and other transaction platforms in a cost effective manner.

The whitepaper also draws attention to India’s broking industry which has been growing at an annual growth rate of 7.79% since 2016, and today has around 95 million demat accounts, a testimony to the strong demand in the country. However, the supply side is facing problems with only 1 RIA per 1,300 registered investment advisors i.e. per 71,000 investors in India.

Historically, wealth management products such as Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs) have not been available to retail investors because of the large minimum ticket size investment requirement. This has created a widening gap between what the retail investors want, i.e. ease of investment through innovative wealth solutions and technology, and what the retail wealth management market is currently providing them, i.e., fragmented and multi-stop travel.

One consequence of this has been that the mutual fund schemes offered by AMCs are getting bigger and bigger, which means that the correct packaging of wealth solutions on these products for retail investors is missing. This is where the Unified Wealth Interface (UWI) plays an important role.

Speaking on the release of white paper Ujjwal Jain, said
“We built UWI as an Internet scale interface not only to bridge existing gaps, but to elevate the entire ecosystem. UWI allows investment makers to create innovative multi-asset investment products, package them into WealthBaskets, and then Allows them to be distributed on a large scale through a growing list of over 100 UWI partners in a low cost, seamless and efficient manner.We are proud of the assets, wealth and possibilities UWI offers to every stakeholder in the broking ecosystem. Excited.”

The whitepaper further provides an overview of the current investment landscape, outlines existing gaps in the asset, money and broking ecosystem, and highlights how UWI can build a robust technology layer to effectively bridge these gaps. through interactivity. UWI seamlessly connects large-scale research, product manufacturing, productization and distribution.

The whitepaper can be downloaded from here
https://wealthdesk.in/wp-content/uploads/2022/09/UWI-Whitepaper.pdf