Few wealthy clients keep their fortune with a single bank. Assets are typically spread across several custodians, multiple bank accounts, property and alternative investments. For institutions that only see their own book, this means advising on a fraction of the picture, according to WealthTech firm fincite.
fincite argues that this incomplete view is no longer a minor inconvenience but a structural weakness. An advisor who only sees in-house holdings cannot assess a client’s true asset allocation or spot cluster risks spread across multiple securities accounts, leaving investment proposals fragmented at best.
There is a commercial cost too: a consolidated wealth view reveals exactly which assets sit outside the bank, opening the door to conversations that could bring that wealth in-house. fincite notes that advisors on modern platforms manage roughly three times more assets on average, with aggregation cited as one of the central drivers.
Three obstacles have historically blocked progress, fincite says. Securities data sits with third-party institutions, and gaining access requires client consent and standardised interfaces; manual processes built on submitted statements and manual data entry simply do not scale.
Each custodian also delivers data in its own format, using different securities identification numbers and booking logic, meaning that without a normalisation layer, banks end up with contradictory figures rather than a coherent overview.
Property, often the single largest asset for wealthy clients, is typically absent from securities account views altogether, alongside other illiquid holdings.
fincite’s approach addresses data access through integration partners including fino, Qwist and wealthAPI, which allow account and securities data to flow into its platform via click-based client approval, removing manual entry.
Property valuations are handled through providers such as PriceHubble and Sprengnetter, bringing automated market values into the same view. The critical step, fincite stresses, comes after connection: normalising the data, consolidating positions and building a single view an advisor can use directly in client conversations.
The impact on advice is threefold, according to fincite. Client profiling becomes more accurate when risk appetite and objectives are assessed against total wealth rather than a partial holding. Investment proposals become genuinely holistic once the optimisation space spans the full portfolio. And reporting becomes more valuable, offering clients a consolidated view they cannot easily construct themselves across separate bank relationships.
fincite believes this last point carries the most strategic weight, positioning the bank that provides the overall view as the natural first point of contact for all future wealth decisions, including assets currently held elsewhere.
Through its cios platform, fincite connects accounts and securities via fino, Qwist and wealthAPI, integrates property valuations via PriceHubble and Sprengnetter, and consolidates the results into a single advisory-ready overview.
For more insights, read the full story here.
Read the daily FinTech news
Copyright © 2026 FinTech Global
