Investment advisory firm Crossbridge Capital expands its digital and wealth management offerings for affluent investors in Singapore.
The expanded platform will include the new offering of premium wealth management service Connect Prime and significant enhancements to Singapore’s digital robo-adviser Connect by Crossbridge Capital, according to a media release on Monday. It is complemented by the firm's existing wealth management and advisory services for high net-worth and ultra-high net-worth investors.
Crossbridge, with over $3 billion under management, already has over $200 million in assets under management on the Connect digital platform. «We aim to redefine the wealth experience with Connect by enabling investors to access better choices, products, advice and service,» said Charlie O’Flaherty, partner and head of digital strategy and distribution at Crossbridge Capital.
Lower Fee Structure
The integrated suite of services will bring private banking level products to accredited, priority banking and private client segment customers – supported by intuitive and easy to use digital interfaces. The fee structures are lower than those typically charged by priority banking services and private banks.
Connect Prime, a wealth management service, is fully digitally-enabled, with a minimum account size of S$500,000 – significantly below the S$3 million to S$5 million required by most private banks. Connect Prime also offers a transparent fee structure – clients pay a service fee of 75 basis points, approximately half that of many private banks and premier retail bank offerings.
Assistance for Portfolio Construction
As an MAS-licensed wealth manager, Crossbridge Capital already offers clients a range of private banking level products. With Connect Prime, clients will have access to a Crossbridge wealth manager who can assist with portfolio construction supported by an extensive range of investment choices.
