International financial advisory and wealth management firm Hoxton Wealth has launched two new features to its groundbreaking app, marking an important step forward in its aim to deliver a fully digital client experience.
The new features are a Suitable Risk Profile Assessment, developed in partnership with Oxford Risk, a global leader in behavioural finance, and Identity Verification, powered by Sumsub. The Hoxton Wealth app now has more than 10,000 users worldwide.
The Suitable Risk Profile feature, helps the firm understand each client’s comfort with risk by blending financial data, goals, and behavioural insights. Now available fully online in the Hoxton Wealth App, it allows clients to complete their risk profile anytime, anywhere, enabling the firm to deliver advice that is truly tailored to their goals and circumstances.
The Identity Verification feature, also known as Know your Customer (KYC). allows clients to securely verify their identity within the Hoxton Wealth App in just a few steps. It streamlines the verification process, reduces manual checks, and ensures compliance with regulatory requirements, all while protecting client data with industry-leading security standards.
“These enhancements make engaging with Hoxton Wealth faster, more convenient, and more secure for clients,” says Mansel Oliver, Chief Technology Officer at Hoxton Wealth.
“By making risk profiling and identity verification available 100% digitally in-app, we are improving the user experience, the security, offering greater convenience as well as giving access to best-in-class advice. It means financial decisions are not just numbers-based but are more aligned with clients’ life goals.”
The Hoxton Wealth App provides easy access to a consolidated view of users' entire net worth on mobile or desktop—regardless of whether they are Hoxton clients. Leveraging open banking technology, the app aggregates financial data from over 14,000 global sources, including bank accounts, brokerage accounts, crypto exchanges, pensions, and cash accounts. Users can also track static assets like real estate and monitor investments in stocks, shares, and cryptocurrencies. Financial liabilities, including credit cards and mortgages, are seamlessly integrated for a holistic wealth overview.
The platform is available on both web and mobile.
Beyond financial tracking, the app’s WealthFlow feature empowers users to visualize their financial future by mapping out their wealth trajectory based on key inputs like net worth, retirement plans, and major financial events. Users can explore multiple scenarios, adjust assumptions, and gain a clearer understanding of their long-term financial outlook. Whether planning for retirement or major investments, WealthFlow helps users take control of their financial journey with confidence.