Vault, a pioneering private wealth management platform backed by global venture capital firm Outliers VC, is set to revolutionise investment practices in the UAE through its state-of-the-art digital platform.
Recognising the prevalent challenges faced by clients, Vault's founders have leveraged their industry experience to address key issues and reshape the investment landscape.
"In the region, many clients were receiving inconsistent financial advice and being mis-sold investment products that did not align with their long-term objectives. For example, whole of life insurance plans sold as investments, or individual high yield bonds sold as capital-guaranteed investments. Another common problem was that clients would be sold an investment by an advisor and rarely hear from them again," explained Sami Abdul-Hadi, Co-founder & Chief Product Officer at Vault.
UAE wealth exceeds 1 trillion
With a population of 8 million adults, the UAE possesses total wealth exceeding $1 trillion, with financial assets accounting for 63.4% of this amount. Furthermore, 9.6% of adults possess over $100,000, with an average wealth per person of approximately $122,841. In context, around 177,000 individuals can be classified as US dollar millionaires.
However, the prevailing trend in the UAE is to hold the majority of financial wealth in cash, while the US sees over 80% of financial wealth actively invested. This is primarily due to a lack of awareness and understanding regarding effective investment allocation.
Having obtained a regulatory licence from the strictest and most stringent regulator in Abu Dhabi Global Markets, Vault aims to solve these problems by fostering lasting relationships and helping individuals secure their financial future.
Natural yield
Vault's investment philosophy revolves around generating a natural yield from a diversified range of income-generating assets, prioritising long-term preservation, mitigating risks through diversification, and capitalising on global opportunities to maximise investment outcomes.
In addition to advising clients on long-term diversification strategies, Vault offers exclusive access to thematic and private investments such as venture capital, artificial intelligence, and private real estate. With minimums as low as $60,000 in private opportunities, Vault seeks to democratise asset classes traditionally accessible only to ultra-high-net-worth individuals.-- TradeArabia News Service
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