Tue, Dec 03 2024

Hoxton releases a financial management app.

March 14, 2024
2 Min Reads

Hoxton Capital Management, an independent financial advisory firm with $1.2 billion in assets under management, will provide free, instantaneous mobile phone access to anyone's whole net worth, no matter where they are in the globe.

The Hoxton Wealth app, according to the business, will be the first to offer free, real-time access to assets worldwide on a single platform. Additionally, it is not limited to current Hoxton customers.

According to Alan Turner, Marketing Director at Hoxton Capital Management, "there is a surprising level of consistency in the lives of professional individuals whose careers have taken them overseas."

"A set of balls is thrown up into the air when you decide to leave your own nation. The longer you live abroad, the more complicated your financial and administrative life becomes compared to the normal person.

 

Retirement in your home country no longer seems inevitable once you have lived abroad for some time, started to settle down, and may even consider staying longer. We've discovered that the majority of people in this circumstance are unsure of where they will retire. Assisting individuals with their retirement planning in an as-yet-undetermined location is a crucial and intricate task. It's never too early to start making plans.

 

Utilizing open banking protocols, the Hoxton Wealth app gives customers access to all of their assets in one location. Bank, brokerage, pension, and cash accounts from the majority of the world's nations can all be combined and compiled. In addition to having a live tracker for stocks, shares, and cryptocurrency assets, users may also add the value of static property assets. They may also import information on debts, such as mortgages and credit cards, making it possible for people to view everything they own in one location, a true one-stop shop. The platform is accessible via mobile and online browsers.

 

The user may include as many different currency accounts as they like, but they cannot specify the aggregate base currency of their choosing. The app will provide the current account balance as well as a transaction history that has been categorized based on the type of transaction. The app has 26,000 institutions listed, and access to each is restricted according to the security measures set up by that particular institution. Users will be able to manually add stocks/shares, cryptocurrency, and funds to their brokerage accounts as well as have the app automatically connect them.

 

Additionally, the app has a novel new function called "Wealth Flow," which simulates the required cash flow for retirement depending on the assets you have entered into it and the retirement requirements you have specified based on your age and desired level of disposable income.

You may get the Hoxton Wealth app from Google Play and the Apple app store, among other major app retailers.

 

 

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