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Why did we build an asset aggregator?
Why did we build an asset aggregator?
Martin Pickrodt avatar
Written by Martin Pickrodt
Updated over a week ago

In the realm of finance, just as in other areas of life, the key to making effective decisions is having access to comprehensive and accurate information. From professional investors to individual savers, the ability to view the complete picture of one’s financial landscape is essential for sound decision-making. This is the core reason behind our creation of Teleskop—an advanced asset aggregator designed to empower individuals by bringing sophisticated financial tools into their hands.

The Necessity for Holistic Financial Views

The concept of aggregation is not new; it has long been a staple in various professional fields where outcomes depend heavily on the quality and completeness of information available. In finance, institutional investors and wealth managers have long had access to sophisticated tools that provide a panoramic view of asset portfolios, enabling them to make informed decisions that optimize returns and manage risks. However, individual investors have traditionally lacked similar resources. Most financial institutions provide only a partial view of an individual's assets, often limited to those managed or housed directly by the institution itself. The result is a fragmented financial picture that makes comprehensive oversight and strategic planning challenging for the average person.

Bridging the Gap with Teleskop

With both founding team members bringing over two decades of experience in capital markets, asset management, and risk management, we recognized a clear need for a tool that could bring proper capabilities to an individual approach to managing assets. Teleskop is designed to do just that. It serves as a digital cross-border repository that not only aggregates all types of assets—financial holdings, insurance, liabilities, and even emotional assets—but also does so with a level of sophistication previously available only through expensive financial advisors. The ability to implement your legacy and pass on crucial information at the right time is an additional capability tailored to the needs of our customers.

Benefits of Using an Asset Aggregator

Complete Financial Overview

Teleskop compiles every piece of financial data into one comprehensive overview, allowing for a complete understanding of one’s financial health and exposure.

Cost Efficiency

Unlike traditional methods that often involve high fees for accountants or financial advisory services, Teleskop provides a powerful, self-managed solution that is more accessible and cost-effective.

Enhanced Decision Making

With a complete and accessible view of all assets, individuals can make more strategic and informed financial decisions, from portfolio allocation to long-term legacy planning.

Security and Privacy

Built with modern tools and a robust architecture, Teleskop ensures that your financial data is secure and your privacy is protected, making it safe to store and manage sensitive information.

Convenience and Accessibility

By aggregating all financial information in one place, Teleskop eliminates the tedium of manually tracking and updating various accounts and holdings, making financial management more straightforward and less time-consuming.

Streamlined Financial Coordination

Teleskop's asset aggregator allows for seamless sharing of financial data among trusted parties, such as family members, financial advisors, or legal representatives. This sharing capability is essential for coordinated financial planning and decision-making. By providing a consolidated view of all assets, stakeholders can work together more effectively, ensuring that strategies are aligned and that every financial move is made with a full understanding of the overarching financial picture.

Facilitates Financial Transparency

Effective collaboration in financial management often hinges on transparency. Teleskop enables users to grant controlled access to their portfolio, which can be crucial for joint decision-making in households or among business partners. This transparency helps in maintaining clear and open communication about financial health and goals, which is foundational in managing shared investments or family finances.

Robust Legacy Features

Secure Information Transfer in Case of Incapacitation

Planning for unforeseen circumstances such as incapacitation is a critical aspect of financial management. Teleskop’s legacy features ensure that your financial information is not locked away if you are unable to manage it yourself. With functions like the Lifebeat and Multi-Key access, Teleskop ensures that designated Trusted Angels or family members can access necessary information to manage assets according to your wishes without unnecessary delays or legal hurdles.

Maintaining Continuity

The legacy features of Teleskop not only protect your assets but also ensure continuity in their management. This is particularly important for long-term investments or business-related finances that require ongoing oversight. By setting up pre-determined protocols for accessibility, users can ensure that their financial endeavors continue to run smoothly, preserving the value of their investments and maintaining the financial stability of dependents.

Empowering Next of Generations with Preparedness

The comprehensive overview provided by Teleskop's asset aggregator can be instrumental in educating and preparing the next generation for wealth management responsibilities. This educational aspect is crucial for families with significant assets, where early involvement can lead to better financial literacy and readiness among heirs.

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