Wanted: A fintech startup for holistic wealth management

Traditionally, wealth management as a practice has always been restricted to a few elites with high net worth. With the advent of technology and adoption of digital transactions in financial services, the role of technology in wealth advisory has potential to make it accessible to the larger masses.

We have seen fintech startups innovating on both assets and liabilities sides of an individual’s balance sheet. On the assets side, we have businesses focused on creating technology-driven investment products in online trading, mutual funds, algorithmic trading, thematic investments, ETFs and debt investment products—such as peer-to-peer lending or invoice discounting.

On the liabilities side, there are multiple startups trying to solve the problem of access to credit—either through online personal, car, home loan platforms, switching housing loans, or even digitizing age-old practices such as gold loans.