Woven Advice is a data management platform that integrates and aggregates financial data from various sources, providing wealth managers and independent financial advisors with secure, real-time dashboards for informed decision-making. The platform addresses the challenge of data inconsistency and inefficiency in client management, enabling firms to optimize operations and enhance business growth.
Funding
$380K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial advisors and wealth managers often struggle with fragmented and inconsistent data scattered across multiple back-office systems, leading to inefficient workflows and hindering informed decision-making. The manual effort required to aggregate and cleanse this data is time-consuming and costly, limiting their ability to scale their practices and meet increasing regulatory demands.
Solution
Woven Advice offers a data management platform that integrates with existing back-office systems to consolidate and cleanse financial data, providing advisors with a unified view of their business. The platform delivers secure, real-time dashboards with key performance indicators (KPIs) and actionable insights, enabling data-driven decision-making and improved operational efficiency. By automating data aggregation and cleansing, Woven Advice helps firms optimize their processes, reduce costs, and enhance client service. The platform also supports data due diligence for firms undergoing acquisitions, streamlining the integration process and providing consolidated reporting.
Target Audience
The primary target audience includes independent financial advisors (IFAs), wealth management firms, and consolidators seeking to improve data management, streamline operations, and gain actionable insights from their business data.
Features
- Integrates with popular back-office systems like Iress Xplan and Intelliflo to extract and consolidate data.
- Automated data cleansing and standardization to ensure data accuracy and consistency.
- Customizable dashboards with key business metrics, including Assets Under Management (AUM), revenue, and client demographics.
- Data due diligence tools to facilitate mergers and acquisitions.
- Secure data handling practices that avoid storing personally identifiable client information.
- Role-based access controls to manage user permissions and data visibility.
- API access for custom integrations and data exports.