Masttro announced on Monday the launch of its next-generation platform, establishing a new benchmark for more streamlined and robust wealth data management.
“The platform update arrives at a time of rising global asset valuations and increased complexity in wealth portfolios, as more asset owners are acquiring illiquid alternative investments,” states the press release accessed by Funds Society.
Family offices and wealth managers tasked with record-keeping and reporting often have limited visibility into asset management and performance unless they undertake significant manual data aggregation efforts, the firm noted.
This challenge is “further compounded by the need to support the massive generational wealth transfer—estimated at $84 trillion over the next two decades—to more tech-savvy owners who expect interactive, real-time views of their total wealth at the push of a button,” Masttro added.
“Masttro is committed to continuous innovation and to delivering first-class technology that enables our clients to better serve their UHNW clients. Our AI-driven platform is saving family offices and wealth management institutions enormous time and effort by providing asset owners with a comprehensive understanding of their portfolios and total net worth,” said Padman Perumal, CEO of Masttro.
Masttro’s next-generation platform introduces a component-based architecture that combines AI-driven automation with user-centered design to meet the demands of modern wealth management.
Key features of the new platform include:
- Aggregation of liquid and illiquid assets, liabilities, and passion investments into a single interactive dashboard.
- Advanced document extraction and data aggregation that eliminate manual processes, saving time and effort.
- An API that allows Masttro’s datasets to integrate seamlessly with other systems, creating an optimized wealth management ecosystem.
- Intuitive controls that enable firms to customize the platform, strengthening client relationships with tailored experiences.
As the platform continues to roll out, additional enhancements and new modules are expected to launch in early 2025, the firm concluded in its statement.