Flanks

Flanks is a wealth management automation platform offered by SPLIT PAYMENTS, S.L. According to the vendor, it aims to simplify the lives of wealth managers and investors by connecting them with custodian entities globally. The platform claims to automate up to 80% of manual processes performed by wealth managers, allowing them to scale their business and reach clients they never imagined. Flanks also provides investors with a comprehensive 360° perspective on their financial landscape, empowering them to make well-informed wealth management decisions.

Key Features

According to the vendor, Flanks offers the following features:

Automate and Democratize: Flanks claims to automate up to 80% of manual processes performed by wealth managers, simplifying wealth management tasks and making them scalable. The platform aims to democratize financial services by providing access to wealth management for a wider range of clients.

Client Integration Across Levels: Flanks allows users to connect with any custodian entity or financial institution globally. It claims to serve a diverse client base, including high net worth (HNW), ultra-high net worth (UHNW), retail, and mass affluent clients. The platform also states that it seamlessly integrates client data into chosen reporting platforms.

Safe and Secure: Flanks is fully regulated and compliant with the Account Information Service Provider (AISP) in the European Union (EU), according to the vendor. They claim to work with leading auditors to ensure data safety and keep client data secure and protected.

Coverage and Expertise: Flanks aims to cover a wide range of financial entities in Europe and support various types of investment products. The platform claims to serve customers in multiple countries, providing comprehensive wealth management solutions.

Use Cases: Flanks supports various use cases, such as transaction details for tax declarations, dividend withholding tax reclaim, digital onboarding optimization, funds transfer, banking as a service, and multi-custody advisory services, according to the vendor.

Intuitive Dashboard: Flanks provides an intuitive dashboard that allows users to easily navigate and access various features and functionalities. The platform claims to offer a user-friendly interface with clear and organized information for efficient wealth management.

Portfolio Management: Flanks enables users to manage and track investment portfolios effectively, according to the vendor. It provides tools for portfolio analysis, asset allocation, and risk assessment. Users can monitor the performance of individual investments and make informed decisions.

Financial Planning Tools: Flanks offers a range of financial planning tools to assist users in creating comprehensive financial plans, according to the vendor. It includes retirement planning, goal setting, budgeting, and cash flow management tools. The platform claims to provide projections and scenarios to help users make informed financial decisions.

Client Relationship Management (CRM): Flanks includes a CRM system to manage client information, interactions, and communications, according to the vendor. It allows users to track client preferences, goals, and investment history. The CRM aims to facilitate personalized client communication and improve client relationship management.

Investment Research and Analysis: Flanks provides access to extensive investment research and analysis tools, according to the vendor. It claims to offer market data, news, and reports to support informed investment decisions. The platform also includes advanced analytical tools for evaluating investment opportunities and assessing risk.