Quantifeed, a provider of digital wealth management solutions, has partnered with Kiatnakin Phatra Securities to launch Mandate Service. The platform, powered by Quantifeed’s QEngine, provides discretionary portfolio management to private wealth customers in Thailand. This solution helps Thai private wealth clients access global markets through diversified portfolios.
Alex Ypsilanti, CEO and co-founder of Quantifeed, said the combination of Quantifeed’s robo-technology and Kiatnakin Phatra Securities’ investment insights will strengthen the private bank’s position as a pioneer in digital wealth management.
Phatra Mandate Service uses Quantifeed’s discretionary portfolio management proposition to support portfolio management activities such as research, order and trade management, position monitoring and reporting, and rebalancing across multiple accounts.
The application enables financial consultants to advise customers on the management of portfolios of offshore ETFs and mutual funds. Its data analytics and straight-through processing increase productivity and make the firm’s planning and advisory services more efficient. This allows the business to scale to service more customers.
Narit Kosalathip, head of wealth management group at Kiatnakin Phatra Securities, said, “The platform will allow customers to invest with ease and in strict adherence to customers’ investment parameters and sound risk management practices. The platform also fulfills retail investors’ desire to expand their investments outside of Thailand.”
The platform is designed with affluent Thais in mind. It addresses their need to diversify their investments beyond Thailand, providing them with globally diversified exposure to different asset classes around the world for the first time. The service will lower the investment minimum to $50,000 and offer lower annual fees.
Kiatnakin Phatra Securities’ asset allocation and investment committees on the platform will create the model portfolios on the platform using QEngine’s portfolio management application.