SC Ventures, the innovation and ventures unit of Standard Chartered, and asset management firm Franklin Templeton have partnered up to launch Autumn, a wealth, health and lifestyle solution, in Singapore.
Plans are underway to roll this open platform out progressively in Hong Kong and other markets in Asia.
An independent digital solution incubated in and backed by SC Ventures, Autumn empowers consumers interested in achieving their financial goals to plan and manage their financial and physical wellbeing by providing best-in-class tools, products, and services across all aspects of wealth, health and lifestyle. Autumn prepares users to be future fit in finance, health and wellness, regardless of their life stage.
Autumn’s mobile application helps users to achieve financial clarity by combining their banking, investment, insurance, and healthcare data into a single dashboard. Users can plan for their financial future using personalised aspirations and goals, scenario analyses and portfolio stress testing before executing their customised plan by transacting across multiple product providers and asset classes.
With this strategic partnership, Franklin Templeton will be an asset management partner of Autumn. The Autumn solution will provide users with access to curated financial literacy content from the Franklin Templeton Academy and investment insights from Franklin Templeton’s Investment Institute, harnessing the firm’s global investment expertise and extensive in-house research capabilities.
Autumn users may choose to receive insights on their model portfolio based on their risk profile and financial data. The implementation of the Franklin Templeton Academy and investment insights will take place in the coming months.
In addition to managing their financial wellbeing, Autumn will at the next phase provide insights into how a user’s lifestyle choices will likely affect their retirement plans by using data from third-party wearable and health applications. This will enable them to take proactive action to stay healthy, avoid unnecessary healthcare costs and optimise their insurance coverage.
To enhance their general wellbeing, Autumn will also be bringing lifestyle partners onboard, including travel services and volunteering opportunities.
Mike Kruger, chief executive officer of Autumn, says: “Everyone wants to live well, and Autumn helps users plan for a future that makes this possible. We’re delighted to be working with Franklin Templeton and Standard Chartered to create a truly customer-centric, holistic and affordable solution for all. By combining digital wealth technology with health, lifestyle and financial wellness, we’ll help users adopt healthier habits and create a retirement that is personalised for them.”
Alex Manson of SC Ventures adds: “Autumn addresses one of the greatest societal challenges of our time and which is dear to my heart: getting older, which is unfortunately inevitable. All of us want to grow older in a good way, with a healthy lifestyle, planning the form of retirement that is specifically the one we truly aspire to and giving ourselves the means to achieve it, as opposed to procrastinating about the issue. This won’t be achieved by pushing products—it requires trust in a community of like-minded people, and importantly, the integrity of data-driven decisions. This is what Autumn is all about.”
Harshendu Bindal, head of digital strategy and wealth management at Franklin Templeton, comments: “We are delighted to partner with Autumn and SC Ventures in launching an innovative digital platform for investors’ wealth, health and lifestyle needs. As an asset management partner of Autumn, our best-in-class investment model portfolios and educational content will be made available to Autumn’s customers as they make informed investment decisions related to life events, retirement, as well as their general and financial wellbeing”.
Autumn is available to the public on both the iOS and Android app stores and will be available via distribution partners for premium services in the future.