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Consolidation services - A key driver for value added services in Banking and Wealth management | Deloitte solution


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Globalisation and wealth strewing do not easily allow you having a global view of financial and non-financial assets, nor to have a clear understanding of performance. Reinforced by the current economic environment, providing a global view in terms of risks is also a key differentiating factor between competitors aside with high quality report.

Considering those specific market needs in this dynamic environment, Deloitte can support you in building consolidation service tailored to your needs and your development strategy so that you can deliver additional high quality services to your customers. This first step will allow you to develop a comprehensive and uniform understanding of your client’s wealth thanks to ad hoc shadow assets reports on the entirety of assets which are managed in different banks/countries without requiring any IT infrastructure or IT skills from your side. This service also applies to tangible assets and can include related documents like notary acts, certificates of authenticity, tenancy agreements, etc.

Focusing on your specific needs and constraints, we carefully analyse your requirements in order to propose you a tailor made solution able to evolve with your demands while guaranteeing an appropriate level of security complying with most stringent regulations.

Why should you consider our advisory services for consolidation service offering?

  • To respond to new clients’ demands and deliver tailored solutions
  • To check whether your systems capabilities fit your new services needs
  • To face regulatory changes that imply usage of professional tools
  • To expand your current wealth management services & capabilities by creating operational synergies with this new service
  • To leverage on consolidation facilities in order  to deliver new added value services
  • To benchmark your existing capabilities with market best practices and help you define your strategy: make or buy

Consolidation: A step to enlarge your services offering

Thanks to our global and integrated approach, supported by professional consolidation services, you will be able to improve your added value and services level to your clients with global analyses of their wealth, advanced portfolio management features and other related services such as:

  • Consolidated view of assets ( financial assets, art, real estate, tangible assets or any other type of holdings)
  • Structured reporting of your global assets
  • Performance analysis
  • Risk indicators
  • Potential conflicts of interest identification
  • Compliance check with investment strategies / investment profiles
  • Centralised documents storage (purchase contracts, certificates, photos, etc.)
  • Advanced PMS features like performance attribution, model portfolio management, up to, front to back can be serviced
  • All these features can be delivered via regular reporting and/or online through a powerful web interface.
  • Further services can be delivered to build a scalable and tailor made solution with:
  • Risk assessment (client profiling), risk monitoring (portfolio level), risk reporting
  • Risk modelling, portfolio optimisation, risk attribution
  • Valuation of assets such as Private Equity, illiquid assets or Real Estate
  • Wealth structuring (tax, products…) & wealth engineering
  • Art & Finance services like collection management, lending programmes and portfolio optimisation services
  • Tax reporting services
  • Further dedicated services to Family Offices (1)

How can Deloitte help you ?

Our capabilities as global service provider with its multidisciplinary competencies aim to deliver this service worldwide enabling you to concentrate in the delivery of other or new services/activities. We developed this step by step approach adaptable to your needs:

  • Strategic Analysis for offering consolidation services within your organisation
  • Gap Analysis between your current consolidation / wealth management capabilities and market state of the art
  • Service definition including organisational aspects, operational processes and SLAs
  • Services integration allowing us to select services and build a solution fitting your needs

This along with the following Luxembourg location based efficiencies:

  • Luxembourg legal and regulatory systems for financial services, Wealth managers and Family offices
  • Luxembourg central location in Europe and its communication capabilities
  • Information technology know-how including high speed networks connected to major European financial centres
  • Numerous surrounding expertise throughout high added value services upon the technical consolidation of financial data

 

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Contacts

Name:
Ruth Bültmann
Company:
Deloitte Luxembourg
Job Title:
Partner - Family Office Services Leader
Phone:
+352 451 452 115
Email
rbueltmann@deloitte.lu
Name:
Patrick Laurent
Company:
Deloitte Luxembourg
Job Title:
Partner - Technology & Enterprise Application
Phone:
+352 451 454 170
Email
palaurent@deloitte.lu
Name:
Adriano Picinati di Torcello
Company:
Deloitte Luxembourg
Job Title:
Directeur - Art & Finance
Phone:
+352 451 452 531
Email
apicinatiditorcello@deloitte.lu

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