A single view of wealth, regardless of custodian

PROBLEM

• The wealth of an Umbra private client was scattered across various international custodians, each reporting in its own format, currency and calendar
• Private assets (real estate, private equity, venture) don't pass through any custodian and didn't appear in any consolidated view of the client's wealth
• Building a complete picture required logging into each custodian, exporting statements, normalizing formats and converting currencies manually, a slow process that was already out of date the moment it was finished
• Advisors spent their time assembling data instead of advising, and clients lacked real transparency into their own wealth

SOLUTION

• Abaqus implemented Wealth IQ, which connects directly to international custodians via secure SFTP/API, ingesting positions and transactions automatically, with no manual exports
• Advisors add the private assets that no custodian reports, integrating them into the client's single wealth balance sheet
• A deterministic analytics engine calculates time-weighted and money-weighted returns, attribution and contribution at the portfolio and sub-portfolio level, by asset, asset class, currency, institution and manager
• Two portals connected to the same engine: a workspace for advisors (client management, uploading of private assets) and a portal for the end client, with views reconfigurable by portfolio, date, currency and language

RESULTS

• A single, always up-to-date view of the client's total wealth, integrating every custodian and every private asset
• Institutional analytics (TWR, MWR, attribution, contribution) calculated continuously and deterministically, with no manual reconstruction
• 24/7 transparency for the client and time freed up for the advisor, who stops assembling data and focuses on advising
• On-demand reporting, in any currency and language, exportable to Excel and PDF in one click
• An integration architecture validated with top-tier international custodians, replicable to new clients and jurisdictions