Kristal.AI Experiences Tripled Assets Under Management Globally within a Year, Surpasses US$1 Billion Mark
In the dynamic landscape of private wealth management, digital platform Kristal.AI has made significant strides in addressing the needs of the growing mass affluent and emerging High Net Worth Individuals (HNWIs) in Asia.
Over the past seven months, the user base of Kristal.AI has expanded by over 50%, surpassing its 2021 user count. This growth has been broad-based, with both private wealth and retail businesses contributing significantly to the total user count.
The surge in user growth has been mirrored by an increase in Assets Under Management (AUM). In fact, the global AUM of Kristal.AI has tripled over the last twelve months, reaching the milestone of $1 billion. The private wealth solutions offered by Kristal.AI have played a pivotal role in this growth.
The platform, a showcase of Kristal.AI's relentless innovation and digitalization, offers a hybrid investment advisory service. It combines the high tech of Artificial Intelligence with the high touch of human experts, providing a unique and personalised investment experience.
A significant number of private wealth clients have opted for Kristal.AI's Digital Family Office (DFO) offering, contributing to the AUM growth. DFO clients now account for around 50% of the total asset-base.
Asheesh Chanda, Founder and CEO of Kristal.AI, aims to fully capture the growing mass affluent and emerging HNWI class of investors in Asia. To bolster its growth, Kristal.AI has made a series of senior appointments in the C-suite within investment advisory and marketing functions. These new hires, with experience in several renowned global organizations, bring a wealth of expertise to the company.
The head of the digital wealth management platform in Singapore, where Kristal.AI has reached $1 billion in AUM, remains unnamed in the provided search results.
Despite this, it is clear that Kristal.AI is poised for continued success in the Asian market, riding the wave of the exponential growth of the mass affluent and emerging HNWI class.
