In today's financial landscape, clients – whether individual investors, small businesses, or enterprises - seeking wealth management services are increasingly looking for advisers who can provide comprehensive financial advice. However, advisers are often excluding debt when advising on a client's finances. Sora Finance stands out by offering tailored debt optimisation strategies that align with the investment strategy, including working directly with its network of lenders. In our most recent podcast, we sat down with Rohit Agarwal, CEO and Co-Founder of Sora Finance, to explore how their platform enables wealth managers to go above and beyond to provide clients with a complete financial overview and effective debt management plans.
1. Identifying and prioritising liabilities
At the core of effective debt optimisation is a clear understanding of a client’s financial liabilities. Sora Finance starts by gathering all of a client's liability data into a centralised platform. This approach offers a panoramic view of their entire financial landscape, enabling advisors to prioritize debts and identify opportunities for refinancing. By having a consolidated snapshot of liabilities, Sora Finance ensures that no aspect of a client's debt goes unnoticed, setting the stage for a tailored debt management strategy.
2. Uncovering savings opportunities
Leveraging cutting-edge AI technology and advanced analytics, Sora Finance takes financial analysis to the next level. The platform generates actionable insights and personalised recommendations, helping clients identify high-impact financial moves that can lead to substantial savings. These insights are based on a combination of real-time data and historical trends, allowing clients to make informed decisions about their debt management. By providing guidance rooted in data-driven analysis, Sora Finance empowers clients to optimise their financial resources effectively.
3. Regular financial health updates
Understanding financial data is essential, but effective communication of this data is equally crucial. Sora Finance recognises this need and goes the extra mile by providing intuitive reports that offer detailed insights into a client's financial status and progress. Regular updates ensure that clients remain well-informed about their financial journey, highlighting both opportunities for growth and areas that may require adjustment.
Listen to our podcast to hear our full discussion with Sora Finance and its commitment to innovation in the world of wealth management by offering clients a comprehensive financial snapshot coupled with debt optimisation strategies.
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