Digital investment platform StashAway has extended an advisory offering to the Middle East that was previously launched in Singapore and Hong Kong.
StashAway has made «StashAway Reserve» available to the United Arab Emirates as well as the Middle East and North Africa (MENA) region, according to a statement. The offering includes wealth advisory and access to private markets at low, transparent fees to meet the needs of high net worth (HNW) individuals with $2 million to $10 million in financial wealth.
«Private banks have struggled to serve this segment of HNWIs who are frustrated with costly investment products that don’t fit their needs,» said Michele Ferrario, co-founder and CEO of StashAway.
Private Market Access
On private markets, StashAway highlighted low-cost access to global fund managers such as Hamilton Lane. This is in contrast to the high-cost barrier to private credit, for example, which has a minimum investment requirement traditionally starting from $250,000.
Clients in MENA with $100,000 of assets with StashAway will immediately be upgraded to StashAway Reserve. The advisory offering was first launched in Singapore in 2022 and was extended to Hong Kong earlier this year.
