HeirWealth strikes platform deal with “non-traditional” family office

Wealthtech platform, HeirWealth, has formed a strategic partnership with myPath Wealth, a unique family office offering, extending access to its data platform established to streamline client needs ahead of the expected intergenerational wealth transfer.

The partnership sees myPath Wealth upscale their offering to clients with the ability, via the platform, to connect with over 20,000 global financial institutions and view assets and liabilities across 40 different investment classes, including shares, funds, property, and non-traditional assets such as collectibles and alternative investments.

“This partnership provides myPath Wealth with a truly centralised view of their clients’ family wealth position and structure, helping them to preserve family legacies and facilitate intergenerational wealth transfer in an orderly fashion,” HeirWealth’s founder and CEO, Ray Tubman, said.

“By simplifying data consolidation and minimising manual effort, HeirWealth empowers advisers to manage wealth seamlessly and create opportunities for deeper client relationships to be developed.”

The two businesses said the partnership was a logical step in preparing for the impending intergenerational wealth transfer, as their interests aligned on building “long-term client relationships through actionable data insights”, providing “a sophisticated user experience,” and using technology-powered tools to “engage clients and their families”.

“This partnership gives our clients access to the kind of infrastructure typically reserved for high-net-worth families. Bringing world-class wealth visibility and control into the hands of everyday business owners,” Michael Youssef, co-founder of myPath Wealth, said.

“We see HeirWealth as a foundational tool in our mission to simplify wealth structures, legacies, and to help business owners take control of their financial future, without the complexity,” Ivan Ang, co-founder of myPath Wealth, said.