Foresight Financial Technologies: Empowering Compliance and Growth
Revolutionizing financial advisory services with cutting-edge compliance surveillance and risk oversight tools. Our platform enhances client engagement, provides deep audit trails, and delivers actionable business intelligence.
What is Foresight Financial Technologies?
Risk, Compliance, and Business Intelligence Platform
Foresight offers a risk, compliance, and business intelligence platform for wealth management organizations. Our SaaS technology can be hosted in its own cloud or the customer's.
Empowering Advisors and Firms
Foresight empowers advisors to engage their clients more effectively while allowing the firm's executive and compliance teams to ensure they are meeting their risk, oversight, and compliance obligations uniquely for each client.
Evolving Regulatory Environment
In both the US and Europe, the regulatory environment continues to evolve rapidly. Wealth managers need to have the data, workflows and audit trail to demonstrate why they have a reasonable basis to believe that existing client portfolios and new investment recommendations, are aligned with each client's best interest.
Target Market and Market Size
1
Target Audience
Wealth advisory firms and their service providers who deliver technology, expertise, custody, execution or consulting services. End users include US-based broker dealers, Registered Investment Advisors, private banks and wealth managers in Europe and Asia, asset managers offering fund products globally, and institutional investors.
2
Initial Focus
Foresight is initially focusing on the US wealth management space with plans to expand into other verticals and regions over time.
3
Total Addressable Market
According to Investopedia, the global wealth management industry is valued at $103 trillion. In 2020, North America wealth management grew at 12% with Europe, Asia and the Middle East growing at between 10% and 12%.
4
Client Asset Range
Foresight's offering targets firms holding investor assets of any size – ranging from a new baby's $500 college portfolio to a $10,000 retail robo-advisor trading account or a $10 million portfolio for a high net worth couple.
What Makes Foresight Special?
Enterprise Focused
Designed as a holistic enterprise solution to serve all the firm's stakeholders (advisors, managers, compliance, executives, and the firm's clients).
Automated Audit Trail
Automatically builds a compliance audit trail as a by-product of normal system use, saving time and reducing risks.
New Profit Center
Allows client firms to create and deliver new value and actionable pain relief to their advisors and clients, potentially increasing market share and revenues.
Built for Partnering
Designed to seamlessly integrate into existing client firm platforms or those of their technology providers.
Experienced Team and Product Status
Experienced Leadership
Foresight is the founder's fourth start-up. The CEO, Aladin Abughazaleh, brings thirty-six years of experience operating at the intersection of technology, regulations, and compliance. The CTO, Tim Gitchel, brings more than twenty-eight years of expertise in developing market-leading technology with sixteen years focused on the financial services vertical.
Product Status
The product is ready for production deployment. The technology was originally developed by ATA and has been acquired by Foresight. Foresight will continue making product enhancements to support evolving client firm and market needs.
Go-to-Market Strategy
1
Partnerships
Partner for distribution with technology providers, consultants, custodians, and enterprise client firms.
2
Enterprise Coverage
Provide 100% compliance coverage to firms for ALL advisors and ALL clients for a base compliance fee.
3
Value Addition
Empower distribution partners and client firms to add value and monetize Foresight's Essentials product.
Advisor Benefits
Showcase Risk Profiles
Demonstrate client portfolios' risk relative to S&P 500 and benchmark portfolios. Highlight risk sources at account and position levels for comprehensive understanding.
Contextualize Market Volatility
Present historical changes in client risk profiles. Help clients navigate turbulent markets with data-driven insights and personalized risk assessments.
Engage Prospects
Compare prospect portfolios to your tailored recommendations. Showcase daily monitoring capabilities to differentiate your service and grow your practice.
Firm Benefits: Compliance, Advisor Empowerment, and Business Insights
Enhanced Compliance
Achieve 100% client coverage for Relative Risk Scores and Stress Tests. Monitor client risk classifications with intuitive dashboards. Automatically document advisor recommendations and track client risk tolerance.
Advisor Empowerment
Equip advisors with the Essentials product for client differentiation. Generate new revenue streams by monetizing technology. Provide uniform risk, compliance, and BI oversight across all advisors and offices.
Business Intelligence
Leverage powerful BI views at every business level. Demonstrate regulatory compliance with datadriven insights. Improve E&O insurance terms through enhanced oversight and control measures.
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