Finconomy AG has consolidated ist ventures fundsaccess AG and WeAdvise AG into one entity that will represent the new business segment ‘Digital Advisory’. By combining the two entities, the management teams of both ventures plan to create the leading tech provider for independent investment advice. Fundsaccess, the market-leading SaaS provider in the IFA segment, has so far been focused on onsite advisory solutions. WeAdvise has established a state-of-the-art white-label solution for digital wealth management, which is currently employed by over a dozen wealth managers and advisory firms.
With the coming into force of the new German regulation FinVermV in August 2020, advisors are confronted with a plethora of new regulatory requirements. Among other things, all telephone calls must be recorded and handed over to the customer upon request. Fully integrated, digital solutions for the entire advisory process are increasingly unavoidable. Both companies, MiFID-Recorder and fundsaccess, have decided to coordinate their respective applications in the best possible way as part of a strategic cooperation.
With the recent roll-out of the new FinVermV-compliant advisory platform to our B2B partners, and, therefore, already months before the official launch of the new FinVermV, fundsaccess offers its clients a state-of-the-art advisory process. The technology was developed with a focus on user-friendliness and high process efficiency.