International IFA firm Hoxton Capital Management, which has seen a 97.3% growth in Assets Under Management (AUM) in the last 2.5 years, says its implementation of technology has been fundamental to its success, is changing the way it engages with clients around the world, and will continue to underpin future financial growth and recruitment.
Hoxton Capital Management, which now has 300 employees across six global offices in the UK, Australia, the United States, the UAE, and Europe, Hoxton specialises in financial services for primarily international clients and has recently hit its $2bn AUM milestone and has made its third acquisition in as many months.
“There is no question that the tech power of our business internally and externally is a key factor in growth,” explains Mansel Oliver, pictured above, CTO, Hoxton Capital Management.
“Clients are attracted by our tech proposition, and we’ve been able to seamlessly on board the businesses we have acquired by virtue of our internal technology. It’s tech that’s really driving the company’s growth.”
“Technology is also central to our recruitment strategy,” continues Oliver. “The next generation of financial advisors want to be at the
cutting edge of their profession and that means not only being able to use the latest technology in their own roles but also being able to
offer it as a service to their clients as well.”
Client interest has certainly been at the fore. 4200 Hoxton Capital Management clients around the world have already downloaded and are using the Hoxton Wealth App that it launched in March.
Initial responses from clients using the app include “I like the way it pulls the asset information across” (Kenneth) and “Very easy to use and intuitive -interesting to see quickly the impact of interest rates and growth rates etc.” (John).
The Hoxton Wealth app offers users free, real-time access to their entire net worth on their mobile phone wherever they are in the world.
It is also not restricted to existing Hoxton clients. The app takes advantage of open banking protocols so that users can have access to all their assets in one place. They can be aggregated and collated, including bank accounts, brokerage, pension and cash accounts from most countries in the world.
Users can also add the value of static property assets as well as having a live tracker for stocks, shares and crypto assets. They can also bring in data on financial liabilities including credit cards and mortgages, creating a genuine one-stop shop for individuals to see all they have in one place. The platform is available in web and mobile formats.
The app’s WealthFlow feature also enables users to envision their financial future by providing insights into when they might achieve
financial freedom. It enables people to confidently plan for the lifestyle they desire. By tracking assets, including investments, vehicles, properties, and custom assets, WealthFlow can help ensure that hard-earned funds are passed down seamlessly to future generations.
“The fact that so many of our clients have now moved over to using the app shows that technology is not only required or appreciated, but also actually being used and is, therefore, further driving the growth of the company,” Oliver concludes.
The Hoxton Wealth App featuring WealthFlow can be downloaded from all major app stores, including Google Play and the Apple App Store, and is also available online at hoxtoncapital.com/hoxton-wealth-app/.
