Wealth Management

Deliver Holistic Wealth Advice Based on Consented, Real-Time Financial Data

Role

Role in AA Ecosystem

As FIU (Financial Information User)

Wealth managers use OMS AA to:

  • Access customer's consolidated financial data (banking, investments, insurance, loans)
  • Verify income and assets for wealth advisory and portfolio management
  • Streamline KYC and suitability assessments
  • Detect financial gaps or optimization opportunities

In Practice

Key Use Cases

1

Comprehensive Financial Planning

  • High-net-worth individual consents to share all financial data
  • Advisor gets consolidated view of assets, liabilities, income, insurance
  • Advisor provides holistic wealth strategy based on verified data
  • Better alignment between advisor recommendations and client reality
2

Tax-Efficient Portfolio Planning

  • Advisor sees customer's complete investment portfolio across platforms
  • Uses DPDP-compliant data to identify tax-loss harvesting opportunities
  • Recommends asset location and fund selection for tax efficiency
  • Delivers measurable wealth optimization
3

Estate Planning

  • Wealth manager accesses comprehensive financial data
  • Plans succession and estate transfer with complete knowledge of assets
  • Ensures legal compliance and family protection

Regulatory

Compliance Considerations

  • SEBI Suitability: Verified financial data improves suitability assessments
  • DPDP Compliance: Data must not be retained longer than necessary; erasure when advice engagement ends
  • Data Limitation: Data used only for wealth advice, not secondary uses