Pilots, Autopilots, and Advisers: The Future of Wealth Management

Picture this: You’re flying at 35,000 feet. The autopilot is engaged, guiding the plane steadily, adjusting for turbulence, and processing data in real-time. But while the autopilot ensures smooth sailing, it’s the human pilot’s intuition, judgment, and experience that are indispensable when the unexpected arises.

This is how we at Skybound Wealth Management see the role of technology in wealth management. Our proprietary Plume WealthTech serves as the autopilot—handling data, automating routine tasks, and ensuring everything runs smoothly—while our advisers remain at the helm, applying their personal insight to help guide each client through their individual financial journey.

Why Trust the Autopilot?

It’s natural to wonder, Can technology really enhance the role of the adviser? The answer lies in what the technology is designed to do. Plume WealthTech doesn't replace advisers—it empowers them. Through tools like automated compliance, real-time data access, and intuitive financial planning software, advisers can focus less on administrative tasks and more on understanding their clients’ unique needs.

For instance, the Plume Client Manager, powered by Salesforce, automates KYC checks and compliance workflows. This streamlining allows advisers to spend more time deepening relationships and delivering highly personalised advice. The tech handles the routine; the adviser brings the human touch.

Redefining Adviser Empowerment

• Amplifying Expertise: Skybound Wealth advisers are highly qualified, and skilled professionals. Plume WealthTech amplifies this expertise by giving them real-time access to client data and advanced insights. Whether it's analyzing detailed financial histories or accessing real-time market movements, advisers can make informed decisions quicker, and with greater precision.
• Behavior-Driven Insights: Our technology doesn’t just react to data; it learns from it. Through behavioral analytics integrated with tools like Microsoft Viva and Azure Analytics, we capture client behaviors and preferences, enabling advisers to adapt their strategies in real-time. This ensures financial plans are not static, rather they evolve as clients' circumstances do, driven by personalised data.
• Purpose-Driven Efficiency: We have moved beyond traditional efficiency claims. By integrating Plume WealthTech with data from multiple channels, our advisers can anticipate client needs, and act accordingly. This allows us to replace unnecessary meetings and generic advice with purposeful client engagement filled with relevant insights and informed advice.

How Tech is Transforming Adviser Capabilities

The impact of Plume WealthTech isn’t measured by abstract gains—it’s tangible, and proven in the numbers:

• Time Saved: Our advisers report saving up to 30% of their time on routine tasks, like compliance and onboarding, thanks to automation within the Client Manager.
• Enhanced Engagement: As a result, advisers now engage with clients 20% more frequently, and can focus more on strategic planning rather than routine administrative work.
• Document Handling Efficiency: The time required to prepare and deliver client reports has been cut in half, with secure document vaults ensuring both speed and data protection.

These results demonstrate that our approach is not just tech for tech’s sake but a real, measurable improvement in the way our advisers work.

The Future: Built on Data, Not Buzzwords

We’re not chasing trends like "ChatGPT integration" for the sake of sounding cutting-edge. Instead, we’re focused on leveraging the wealth of data collected over our four-year track record with Plume WealthTech. We’re refining our tools to drive greater efficiency and accuracy, using our proprietary data to ensure that future developments are built on real, client-driven insights.

The next phase of our platform will integrate AI and NLP, not as flashy add-ons, but as finely-tuned enhancements that analyze behavior, predict needs, and help our advisers deliver even more tailored, proactive service.

The Future of Wealth Management, Today

Whether you're interested in refining your financial strategy with the latest insights or learning about upcoming features that can enhance your experience, we’re here to guide you. For advisers considering joining us, or clients looking to explore the full potential of our wealth management solutions, now is the perfect time to connect and discuss how we can continue to grow together.