UBS, Credit Suisse, and DBS plus many others have all launched their unique digital wealth tool, now Standard Chartered Private Bank has joined the field. What differentiates the latest addition?
Standard Chartered Private Bank has introduced ADVICE, a digital wealth advisory tool for its relationship managers (RMs) that integrates the Private Bank’s entire suite of house views and investment recommendations with Thomson Reuters’ real-time market information, the bank said in a media release.
Powered by Thomson Reuters Eikon, a financial markets information and analytics platform, the solution provides RMs with one-stop access to the Bank’s house views and product solutions, linked with live market data across a wide range of asset classes.
Standard Chartered claims RMs can now advise clients more quickly and effectively based on an aggregation of the Bank’s investment expertise, further supported by Thomson Reuters news and financial analysis.
Actionable Conviction Lists
ADVICE houses the Private Bank’s actionable conviction lists across equities, bonds, funds, foreign exchange and derivative structured products. It also provides access to the latest news and commentaries across economies, industries, companies and governments.
«This is a significant game changer as it harnesses the full breadth of our advisory capabilities, enabling our RMs to deliver in-depth investment advice to our clients with a much faster turnaround time,» said Alexis Calla, (pictured) Global Head, Investment Strategy and Advisory at Standard Chartered.
Threshold Increase
finews.asia reported earlier this week that the emerging markets and Asian focused bank was in the process of increasing the threshold for entry for clients and potential clients of the private bank.
Going forward the bank is seeking to broaden its product offering to attract new clients with assets under management of at least $5 million.
