Wealth Dynamix, a client lifecycle management (CLM) platform, and behavioural finance research firm Oxford Risk have entered a strategic partnership.
The firms said the collaboration will enable wealth managers to use the science of decision-making to personalise client interactions for better engagement, grow and retain assets under management, and attain regulatory peace of mind.
The stated aim of the partnership is for Wealth Dynamix’s platform to combine with Oxford Risk’s client behaviour insight to ‘unlock a new level of engagement’ for wealth managers.
According to the firms, integrating behavioural science principles into the client lifecycle should streamline risk assessments, enhance onboarding processes, deliver data-driven investment strategies aligned with clients’ risk suitability and goals, and help personalise communications.
See also: Increasing investor engagement with personalised behavioural interventions
Gary Linieres, chief executive and co-founder of Wealth Dynamix, said: “We are thrilled to partner with Oxford Risk to equip wealth managers with the tools they need to build stronger client relationships and deliver superior investment outcomes. By combining our expertise in CLM with Oxford Risk’s behavioural finance solutions, we are empowering wealth managers to take a truly client-centric approach.”
Oxford Risk chief client officer, James Pereira-Stubbs, added: “Together, Wealth Dynamix and Oxford Risk are committed to reshaping the future of wealth management by placing the client at the centre of the experience.”
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