Wealth Management for 21st Century
"I saw people making major financial mistakes and decided to end it for as many people as possible. Years passed, and we started to attract more and more affluent clients seeking services that could not be provided by traditional private banking services." - Peter Stadler.
The story of Wealth Effect Management (WEM) began in 2007, when Peter Štadler, as the owner, created the company with Filip Jacek. Led by Stadler’s vision for better investing, today WEM has become one of the leading financial services firms in Slovakia. It comprises two major businesses: Wealth Advisory, focused on broader clientele and Wealth Management, focused on asset management of high-net-worth individuals.
The discovery stage of the engagement with WEM began with evaluation of alternatives. After comprehensive comparison of available third-party solutions, including their respective licensing costs, it became clear that none of the products available met all the client’s key requirements. WEM needed a custom, cost effective solution, and Altamira was up to the task.
Investment Management is an intense and often all-consuming job. We designed the new experience with the intention of making the new platform instantly familiar to anyone familiar with WEM’s existing environment. As the system contains a large volume of data, special attention was paid to speed of data visualisation.
Being a market leader in financial data, Bloomberg has been one of the most popular platforms in WEM and served as an inspiration for the new design. Visual elements of the new platform, such as collars and vertical menus resemble these popular, familiar patterns.
The platform has been developed in PHP using the CakePHP framework in conjunction with the MySQL database. The web application itself as well as the server are currently hosted on premise, and configured to meet the highest privacy and security standards. For the client web interface, Angular 8 was used, which brought needed dynamism and flexibility.