A Singaporean based wealth and asset management boutique is offering accredited investors access to hedge fund strategies without hedge fund costs, via their new App Store robo-advisor.
Research from advisory PwC found that 62 percent of high-net-worth individuals in Asia-Pacific believe it is important for their financial advisor or wealth manager to have a strong digital offering.
Lighthouse Canton, a boutique asset & wealth management company investment manager with 400m USD assets under management (AUM), has formed a partnership with WeInvest, a Platform-as-a-Service provider, to grant ease of access across a fully supported range of strategies, asset classes and currencies.
Technology Cuts Fee Structure
Lighthouse Canton offer their clients access to these strategies starting from 0.4 percent versus the traditional hedge fund 2-and-20 fee structure. Executed and custodised with Pershing, a BNY Mellon company.
Robo-advisors are predicted to take over 10 percent of global assets under management by 2020. This places the potential at USD8 trillion. The research also shows that such services will be predominantly utilized by pre-existing investors. For Lighthouse Canton, this shapes their plans to introduce the robo-advisor to existing clients.
«Lighthouse Canton operates at the cutting edge of technology. We believe our partnership with WeInvest will help us to service our clients better, with a robust and seamless offering,» said Shilpi Chowdhary (pictured above) CEO of Lighthouse Canton.
