Strategy

EXCLUSIVE INTERVIEW: The High Tech Frontier With YourWealth.co.uk

Tom Burroughes, Group Editor, London, 10 March 2014

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This publication recently spoke to Toby Hughes, chief executive of YourWealth.co.uk, a UK-based wealth management firm that sees itself very much as part of a new breed.

This publication recently spoke to Toby Hughes, chief executive of YourWealth.co.uk, a UK-based wealth management firm that sees itself very much as part of the new breed of companies embracing the internet and associated technologies to the fullest extent, particularly as conventional business models come under pressure from regulators and tech. WealthBriefing also questioned the firm about its strategy, why it was founded and what it foresees about industry developments. The firm was officially launched by Hughes in the UK in October 2012 after 20 months of development.

In the broadest terms, how do you describe YourWealth.co.uk?
YourWealth.co.uk aims to help people make better choices over their financial future. Its core technology Money Hub is a revolutionary tool that allows users to gain total visibility over their entire financial universe and plan effectively for the future. It also offers users access to financial information, products and advice.

Can you sketch out its unique selling propositions?
YourWealth.co.uk’s Money Hub allows users to view their whole financial universe in one place, tracking their everyday expenses, assets, liabilities and much more. It also allows users to share selected parts of their financial universe directly with their financial advisor, such as a particular investment that they need advice on or goal they’ve set for the future. This is done using screen share technology creating a more efficient client-advisor relationship. The ability to plan and share this way with a financial advisor is unique to Money Hub.

Money Hub is unique in that it is available across iOS, Android and Kindle Fire app stores as part of the YourWealth app, and also via our website, YourWealth.co.uk. Whether you choose to log in on your web browser or via the app, your data syncs seamlessly and securely across all your devices and you can even edit your plan while you’re offline.

Money Hub was named “Best of Show” at the Finovate Europe 2014 conference, the only UK technology to win this award in 2014. It was also listed in this year’s FinTech50, an annual list of “game-changing technologies across Europe that are redefining the future of finance”.

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