Bite Investments, the award winning global financial technology firm, has announced today that its Bite Stream platform has been upgraded to include a wealth management feature. With the introduction of this new feature to asset managers around the world, they will be able to improve access and operational efficiency for alternative investments, which will facilitate connections between asset managers and global wealth management companies.
Using Bite Stream, alternative asset managers are able to interact directly with wealth managers, through the same platform that they use for fundraising, investor management, investor relations, and reporting, thereby eliminating the need to utilize additional intermediary fund platforms, which are often expensive. In addition to this, the wealth manager can also become a distribution partner for the alternative asset manager as a result of this direct connection.
Taking action to address the $103 trillion wealth management industry
It is becoming increasingly evident that alternative asset managers are looking to the wealth management market due to the substantial size of the market and its current under-allocation to alternative assets. Almost half of all global wealth is in the retail sector, and as wealth managers tap into lower wealth bands, the wealth management channel is likely to play a key role in facilitating asset manager growth.
In spite of this, legacy institutional distribution strategies need to be improved, and asset managers need to adopt a more integrated, digitally based interaction model in order to target the wealth channel. In comparison to institutional investors, Bite Stream streamlines the process of dealing with the large volume of smaller ticket sizes commonly found in this segment.. In spite of their size or specialization, asset managers can use the platform in order to raise funds from a variety of investors regardless of their size or expertise. As a result of the addition of wealth manager distributors, they will now be able to expand their reach even further
As a result of the addition of wealth manager distributors, they will now be able to expand their reach even further
It is essential for wealth managers to have alternatives available to them
Due to the current uncertainties in the public markets as well as the growing need for diversification on the part of investors, it has become a necessity for wealth managers and advisors to consider offering more alternative investment solutions to their underlying clients to maximize their returns. As a result, there is a clear shift towards more personalized, digital-first solutions in the marketplace. As a result of Bite Stream's new feature, sophisticated wealth managers and advisors will be able to connect directly with asset managers and gain access to their private market funds, expanding the range of assets available to their clients as well as helping them grow their wealth over time.
As a result of Bite Stream's new feature, sophisticated wealth managers and advisors will be able to connect directly with asset managers and gain access to their private market funds, expanding the range of assets available to their clients as well as helping them grow their wealth over time.
According to William Rudebeck, the Chief Executive Officer of Bite Investments, the only efficient way for alternative asset managers to gain access to the wealth management industry is either through the development of their own wealth management distribution solutions or through the use of intermediary platforms. As a general rule, intermediaries are expensive and only cater to a very small number of managers that fit within a particular level of criteria that are set by the intermediary platform.. Additionally, there has recently been a lot of consolidation in the wealth management market, and as a result many wealth managers are now able to invest independently in alternative assets
Additionally, there has recently been a lot of consolidation in the wealth management market, and as a result many wealth managers are now able to invest independently in alternative assets
We are no longer able to use this legacy structure for its intended purpose:
A spokesperson from Bite Stream said, "Bite Stream's technology is disrupting the alternative asset management industry as a whole, and with the addition of this additional feature, we will ensure that no investors or managers are left behind in the digital revolution of today."
A press contact can be reached at:Margarita Kouklaki Ntourou, Communications Manager, [email protected] 
I am Anna Hellstrand, Head of Communications at [email protected]
A brief overview of Bite Investments: Bite Investments is a global provider of enterprise software-as-a-service (SaaS) solutions for financial technology companies. Using Bite's platform (Bite Stream), an investor management and solutions software, fund managers and companies can simplify their client's diligence, compliance, distribution, client onboarding, investor relations processes, and workflows by using Bite's software.. An international team of professionals with extensive experience in alternative investments, financial services, and technology is at the helm of Bite, which has offices in the United States, Europe, and Asia.With offices in North America, Europe, and Asia, it caters to clients located all over the world throughout six continents. The website is:.INVESTING IN BITES.Visit www.com
Visit www.com
The Bite Investments logo can be found at https://mma.prnewswire.com/media/2277593/Bite_Investments_Logo.jpg
Bite Investments is the source of this information
Get PRN's top stories and curated news delivered to your inbox every week by signing up now!

Source prnewswire