Technology

Singapore's Crossbridge Widens Digital Platform Access

Editorial Staff, 15 May 2018

articleimage

The independent wealth firm has expanded its digital and wealth management offerings for clients in Singapore.

Crossbridge Capital, the Asia-based independent wealth, announced it is expanding the range of its digital platform for Singapore investors.

The platform now includes the new offering of CONNECT Prime and enhancements to the robo-advisor business CONNECT by Crossbridge. The firm, which advises on around $3 billion of client assets, said it already has more than $300 million in AuM on the CONNECT digital platform.

“Our vision for the CONNECT platform leverages technology, along with our long experience servicing the high net worth segment to bring private banking level products and services to the much wider mass affluent market,” Charlie O’Flaherty, partner and head of digital strategy and distribution at Crossbridge Capital, said.

To set up a CONNECT Prime account, investors must put in at least S$500,000 ($374,856), which Crossbridge Capital said is “significantly” less than the minimums required of most private banks. Clients pay a service fee of 75 basis points. Crossbridge Capital is licensed by the Monetary Authority of Singapore. 

Among recent developments, the business has made services accessible in Mandarin Chinese.

 

Register for WealthBriefingAsia today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes