Portfolio Aggregation: How Asset Managers Benefit from Modern Software with Multi-Banking

Comprehensive portfolio aggregation has become an essential tool in modern wealth management. It serves as the foundation for multi-banking software, enabling wealth managers to gain a 360-degree view of all client assets. With the right digital tools, advisors can elevate the quality of their service and unlock the full earnings potential of their clients’ portfolios.

In this article, you’ll learn how fincite • cios is used as an efficient solution for financial data aggregation, giving wealth managers a complete and transparent view of client wealth.

Why Portfolio Aggregation Is Indispensable for Wealth Managers

Aggregating external portfolios is more than just a technical “nice to have” – it's a strategic enabler that transforms the entire wealth management process. But why is this so crucial in today’s financial landscape?

1. A 360-Degree View of Client Wealth

Wealth managers are expected to provide holistic advice while keeping an eye on increasingly fragmented financial data. Clients often maintain accounts across multiple banks, invest in illiquid assets, and work with various financial providers, including neobrokers. Without a central aggregation solution, important investment opportunities and earning potential can easily be overlooked.

Portfolio aggregation provides the foundation for multi-banking by consolidating all client portfolios into a single, unified interface. This not only ensures a comprehensive overview but also enables personalized and data-driven advisory strategies.

“Modern wealth managers rely on multi-banking because they know that having full visibility over a client’s Assets under View (AuV) is key to increasing their Assets under Management (AuM).”

– Marco Schüller, Product & Pre-Sales Manager at fincite

2. Maximizing Earnings Potential

Access to complete data across all accounts and portfolios allows wealth managers to tailor their investment recommendations based on the client’s total wealth – not just a portion of it. With multi-banking-capable wealth management software, these earning potentials can be identified and strategically leveraged, leading to sustainable returns.

3. Improving Efficiency and Saving Time

Automating the aggregation of financial data significantly reduces manual effort. fincite • cios offers seamless integration with banking systems and AISP providers, enabling the rapid and accurate consolidation of all relevant financial data. This frees up valuable time for wealth managers to focus on their core strength: personalized client advisory.

How fincite • cios Supports Optimized Wealth Management

fincite • cios is a holistic wealth management software solution that enables wealth managers to aggregate all of their clients’ financial data on a single, intuitive platform. It flexibly integrates with various data sources and interfaces.

1. Direct Bank Interfaces

With direct connections to the wealth manager’s banks, financial data is transferred automatically into fincite • cios. This ensures secure and timely updates of account information on a daily basis. Supported institutions already include FFB, FNZ, DAB, V-Bank, UBS, and others.

2. AISP/PSD2 Integration via the CIOS Extension Store

Through the CIOS Extension Store, wealth managers can connect to AISP partners such as wealthAPI, Qwist, and fino. These providers offer PSD2-compliant APIs that securely aggregate account and transaction data into fincite • cios – through a simple and user-friendly interface.

3. Manual Portfolio Entry

If no direct connection to banks or AISP partners is available, portfolios can be entered manually into fincite • cios at any time. This ensures full flexibility, especially for existing clients who do not yet provide digital access to their financial data.

Conclusion: Portfolio Aggregation as a Strategic Enabler

Portfolio aggregation is not just a technical feature – it’s a strategic enabler that helps wealth managers increase advisory quality and unlock untapped earning potential. With its seamless integration of direct bank interfaces and AISP services, fincite • cios delivers a flexible and efficient way to centralize and visualize all relevant financial data.

Automating the aggregation process saves time while enhancing the depth and precision of financial advice. fincite • cios has therefore become an indispensable tool for modern wealth managers who aim to streamline operations and offer true added value to their clients.

➧ Want to learn more? Book a free demo today.