This article is part of my ↗️ where I share insights on building in tech. Join me :)‍ Note: resource newsletters 👋 I’m , a product builder. I’ve built & launched multiple apps using the method: , , , , , , +more Zoe Chew rapid MVP sneaker app personal FAQ meal kit app virtual event app SaaS tracker food delivery content app At , I’m on a quest to understand the future of the Internet, and how builders can improve other people's lives by creating something valuable in the marketplace. VentureScale Today’s post is about wealth & health creation. If you’re interested in the curation economy & social communities — check out the . previous report In this venture report, I break down 3 market opportunities: The future of private wealth management and family offices (Fintech) Democratize investment opportunities and helping everyday individuals to build wealth (Real estate investing, Fintech) Direct-to-consumer (D2C) for healthcare (Wellness tech) Disclaimer: This report contains research-based tech trends , market analysis, product frameworks, and startup ideas to spark inspiration in building your next thing. The content is intended for informational purposes only. This information is not intended as tech investment advice. Trend #1: The future of family offices and private wealth management will be remote Family offices exist to help high-net-worth individuals (ie. $100 million+ in liquid assets) . They help clients to establish an in-house team of experts to support their financial and personal needs. manage, preserve, and grow wealth Affluent individuals and influential families with seek private wealth managers for financial management, investment advisory, charity planning, tax strategy, accounting, and estate planning. vast fortunes The rise of digitization opens up tremendous opportunities for This means digitizing financial services delivery, portfolio management, investment planning, financial reporting, etc. virtual family offices. 🚀 Takeaway As wealth creation continues to develop in the younger generations (non-generational wealth holders), digital family offices will become more accessible for a broader range of wealthy and successful families, not just favoring the ultra-wealthy. (📥 Full version) See Startup Opportunity #1. Trend #2: Crowdfunding platforms will continue to democratize investment opportunities and help individuals to build wealth With equity crowdfunding platforms, individuals and even will get a chance to invest their money in alternative asset classes (i.e. other than typical cash, stocks, and bonds). unaccredited investors For example, real estate crowdfunding. Companies like , , , and (starting with as little as $500) are invented to connect investors with commercial CrowdStreet Fundrise PeerStreet DiversifyFund real estate projects. and allow individuals to access startup investments. Investors get paid based on the equity percentage they owned in the companies they have invested in. AngelList Microventures allows everyday investors to access a marketplace of alternative assets — startups, real estate, video games, and crypto. Republic 🚀 Takeaway Create solutions to help everyday individuals to own alternative asset classes. Provide due diligence and vehicles to diversify their portfolios. (📥 Full version) See Startup Opportunity #2. Trend #3: Direct-to-consumer (D2C) for online pharmacy is changing the way consumers purchase healthcare products & services are facing high competition and reduced margins, thus can’t afford to compete on the lower-cost value proposition. Traditional pharmacy retailers Whereas D2C online healthcare brands are gaining popularity due to niche-focused ailments, personalized approach, and . eliminate middlemen to ship their products at a lower cost , prescriptions, clinical appointments, medications, and physicians are going digital. Accessing diagnosis provides online treatment for migraine patients. provides online healthcare for patients with chronic conditions. Cove Parsley Health Without in-person visits, telehealth startups help eliminate social stigma for obtaining prescriptions related to sexual health ( , ) and hair loss ( , , ). Roman Rory Keeps Hims Hers 🚀 Takeaway Create D2C brands for wellness focusing on the human potential and performance of knowledge professionals. (📥 Full version) See Startup Opportunity #3. 👉 Full version of this report Startup Opportunity #1: Virtual office for private wealth management firms Create a virtual to help traditional family offices digitize their operations for clients. A platform that contains a suite of tools to help clients manage investment projects, financial tracking, portfolio management, contracting, advisory & collaboration. operating system For Who Family offices and private wealth management firms that are managing multiple wealthy clients (i.e. multi-family offices). Problem With a large team of advisors and different experts working on multiple projects for a wealthy client, it’s hard to keep track of the status & result of these projects. This creates slow communication and often loses sight of the client’s needs and goals. Lack of collaboration & synergy. Solution A virtual family office management software that allows a team of advisors to collaborate, manage projects, and work together. Cloud collaboration. Keep track of clients’ goals, metrics, financial performance, assets visualization, Return on Investment (ROI), and reporting. Analytics & dashboard. Revenue Model Charge family office organizations to access the full features of the platform. Subscription. Venture Scale Finance Management, Wealth Management, SaaS, Software (1) Industries: Subscription (2) Business model: ◼️◼️◼️◼️◻️ (1) Significant has created 12,000–15,000 new family offices around the world. (3) Market potential: growth in private wealth (📥 Full version) 3 more research evidence to prove the validity of the market (1) Start by identifying of running family offices and automating these workflows for potential clients. (4) Execution strategy: repetitive processes (📥 Full version) 2 more execution strategies to get started on this idea (1) Private wealth clients are highly concerned about . Software providers who can provide data privacy & protection at the core will win the trust of family offices. (5) Moat: data breaches, security, and privacy Want more? Get the full version of this single report: 🔑 Breakdown of (Digitize private wealth management / SaaS) Startup Opportunity #1 🔑 Breakdown of (Help everyday individuals to build wealth / Real Estate Tech) Startup Opportunity #2 🔑 Breakdown of (Help people get back their energy and achieve the success they deserve / D2C Wellness Tech) Startup Opportunity #3 All 3 startup ideas combined, you will unlock: 🔑 3 startup opportunities breakdown in 1 report 🔑 6 target audience definitions in detail 🔑 13 problem definition examples 🔑 13 solutions and product feature examples in detail 🔑 8 revenue streams you can create to monetize your startup ideas 🔑 26 in-depth evaluations on each startup idea — how to prove market potential and create competitive advantages 👉 Full version of this report [1] Find me on Personal Site / Twitter / LinkedIn 🔥 [2] Get teardown insights to your inbox — Click here to join my newsletter 💌

Target

Twitter

Built 11 MVP, no funding. Apps on Product Hunt #1 & Lifehacker. Product consulting US/APAC cos. 👋About: whizzoe.com

Venture Report: How to Monetize This Year's Big 3 Market Opportunities

Too Long; Didn't Read

People Mentioned

Companies Mentioned

Zoe Chew

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...