Case Studies
Real families. Real impact.
See how leading families and wealth managers transformed their operations with 1fs.
International Family Office
Digitalising operations for an international Family Office
Improved decision making and reduced time spent on bookkeeping with a single, automated view of their wealth portfolio.
The Challenge
The Family Office were spending too long collating data across spreadsheets, advisers and physical files. Without accurate or robust data, they could not have informed discussions as a family about opportunities, risks or potential decisions.
The Solution
They wanted an all-in-one platform from which to make decisions and manage their wealth on a weekly and monthly basis. This meant a single view of their wealth across 5 asset classes and 3 jurisdictions, insightful reporting and a way for the whole family to track actions.
Benefits
Better time allocation
Hours saved weekly on locating and updating the latest investment data across 5 asset classes, with automated bank feeds and valuation updates in a few clicks.
Improved decision making
With up-to-date information, multiple graph types and data filtering, families can create a bespoke wealth report at the click of a button.
Succession planning
Map family ownership structures and involve the next generation early with appropriate permission levels and access to the mobile app.
Everyday confidence and governance
Centralised documents, data, images and task reminders.
Collectors
Modernising how individuals manage their passion assets.
How a high net worth individual consolidated cars, jewellery and art into one secure mobile application.
The Challenge
This individual had no central record of the assets they cared most about, as a result, a number of key items were not covered by their home contents insurance and key documents such as receipts and provenance had been misplaced.
The Solution
They wanted their collectable assets to be held in a single location alongside images, documentation, ownership and historic valuations. This provided a complete picture of their entire collection of passion assets and provided them with the peace of mind that everything was recorded in a centralised system.
Benefits
Improved decision making
A central database to record historic performance and different valuation types such as insured and auction estimates.
Less time on administrative tasks
With valuations updated in a few clicks and automated graphs, the platform acts as the single control panel for the collector's decisions.
Lowered risk and exposure
A central place for related documents such as certificates, appraisal reports and insurance policies, all kept in a secure, encrypted platform.
Feeling in control of their collection
With the ability to add documents, images, reminders and everything available from our 5-star mobile app.
Enterprise
Modernising the client experience for a heritage private bank
Deepening client relationships and facilitating more meaningful conversations through a complete picture of the client's portfolio.
The Challenge
Lack of visibility over the client's portfolio made it difficult for relationship managers to provide holistic advice that takes into account their wider holdings. This also hindered the relationship managers ability to make the client aware of the other services that the bank might be able to provide them with.
In addition to this, as the client demographic changed, they struggled with engaging the younger generation who sought a more modern way to interact with their wealth outside of boardroom meetings and lengthy wealth reports. Meanwhile, analysts regularly had to spend hours collating data for the reports in highly manual, error prone processes.
The Solution
The bank wanted to provide their clients with a single, secure platform to clearly show the value of their entire portfolio across all custodians, wealth managers and other banks. They provided an instance preloaded with the assets they manage and then help the client to upload the remaining portfolio information. To improve the client experience yet further, they enabled multi user access for the clients other advisers and family members for greater collaboration.
Benefits
Identify relevant, additional client services
With higher visibility over the clients' whole portfolio, relationship managers are better able to make their clients aware of additional services that are most relevant to them, for example estate planning, lending and alternative investments.
Improve the client experience
Engage the whole family with a modern platform, 24/7 reporting, a digital wealth map, and central storage for documents and reminders.
Deepen the client relationship
Relationship managers are able to have higher quality conversations with their clients because they have a complete view of their whole portfolio.
Improved time efficiency
Less time spent on data collation and more time spent adding value
Confidence in data
Reports based on direct data pulls from their internal system, automatic bank feeds and liquid asset valuations.
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