In Search of Truth: An Interview with QPLIX Co-Founder and CTO Philipp Pötzl about the Key to Modern Wealth Management
Anyone looking into QPLIX will inevitably come across the term “Single Source of Truth”. But what exactly does it mean? In an interview with Philipp Pötzl, Co-Founder and CTO, one thing becomes clear: it is the foundation for transparent, efficient, and future-proof wealth management.
Managing complex wealth is a discipline with many facets - and above all, many data points. To not only keep track but also gain true insight, one thing is essential: a central, reliable source of data. Or, in the words of Philipp Pötzl: a Single Source of Truth (SSoT).
Finding the truth: a challenge then and now
The situation that led to the development of this central data source is one many industry experts will recognise. Back when Pötzl and fellow Co-Founder Kai Linde were working in a family office, compiling quarterly reports meant trawling through bookkeeping records, emails, documents, and Excel spreadsheets - all to produce a snapshot of the assets that was already outdated by the time it was presented. It soon became clear that this was not a sustainable approach:
“You're always chasing the truth instead of focusing on decisions,” says Pötzl. "We always knew, intuitively, that we needed a Single Source of Truth - even if we didn’t yet have a name for it, the sense was there from the beginning.”
The wealth sector: fragmented and highly specialised
Compared to the corporate world, the wealth sector has some catching up to do when it comes to data integration. This can largely be attributed to the prevailing asset-class-based mindset. Each asset class requires attention to its own language, logic, and system landscape. For Philipp Pötzl, this is the prerequisite for successful wealth management solutions.
QPLIX addresses precisely this: the platform was designed from the ground up to not only understand but fully support the unique characteristics of each asset class.
“Those who approach each asset class with an overly rigid framework are unlikely to succeed in the long run,” explains Pötzl.
So how can this conflict be resolved, if neither diverse stand-alone solutions nor superficial consolidation are fit for effective wealth management? The answer lies in QPLIX’s Single Source of Truth.
“Our goal is to keep pace with - or even surpass - the specialised systems of each asset class. That’s why we build our team with smart minds who combine both technical expertise and domain knowledge.”
The core: what sets QPLIX apart
Beyond technological depth, QPLIX relies on a unique conceptual foundation: an embedded accounting system that is delivered with every installation and records all transactions, liquid and illiquid alike. Based on this, up-to-date balance sheets, profit and loss statements, and cash flow reports can be generated at any time, whether for tax, reporting, or forecasting purposes.
“For us, accounting is not an add-on, it’s the backbone of the platform. It transforms raw data into reliable information. And that’s what ultimately enables strategic action. This benefits all stakeholders equally, both those in back office and accounting roles, who depend on such precision, and the investment teams, who may not interact with the process directly but still gain from its outcomes,” says Pötzl.
The future: depth, consolidation, and individualisation
When asked which developments will drive progress in wealth management, Philipp Pötzl has a clear answer: interfaces.
“Mere data aggregation is no longer enough. What really matters is quality.”
He illustrates what this means with the example of QPLIX’s interface service for clients (Q-Data): with more than 100,000 portfolio and account connections managed, the system already achieves a data accuracy rate of at least 99.8% - every single day.
“It’s the final 0.2% that’s the real challenge, because inconsistent data deliveries and exotic corporate actions cannot be managed using traditional approaches. This requires the synergy of information that we receive from the entire variety of over 150 transaction interfaces, data extraction from documents and market data sources. AI will enable us to merge these channels - and that’s exactly what we’re working on at the moment.”
Today, QPLIX is already helping to record millions of transactions, making them intelligently analysable and comparable - across all asset classes and in full data depth.
“Simply consolidating this data will soon no longer be enough to future-proof your business. Instead, it will be about finding the best ways to turn this data into decisions. And understanding that these ways can differ depending on which use case is being considered. We will always be committed to considering all perspectives and growing with the demands of modern wealth management.”
In the end, there is more than just technological progress on the agenda. It's about in-depth understanding, opening up new scope for decision-making and allowing more room for smart ideas.