Taipei, 13 July 2015 – UBS Wealth Management today rolled out its state-of-the-art contractual-based flat-fee offering, UBS Advice, in Taiwan. First launched in Zurich in 2013 and in Singapore and Hong Kong last March, the offering has been embraced by UBS clients.
"UBS sees huge potential in the wealth management industry in Asia Pacific and Taiwan, and is well positioned to benefit from the growth," said Edmund KOH, Group Managing Director and CEO Wealth Management of South East Asia and APAC Hub. "Since the launch of UBS Advice in 2013, our clients have invested CHF21billion of assets via the platform," he added.
According to the Wealth X and UBS Billionaire Census 2014, the growth of billionaire wealth in Asia has outpaced that of any other region globally accounting for 30% of the net increase in total wealth. In Taiwan, billionaire wealth surged by 14%.
"Unlike any other wealth management service in Taiwan, UBS Advice is based on a contractual-based offering, which is first of its kind in Taiwan," explained Dennis CHEN, Group Managing Director and Head of Wealth Management Taiwan. "UBS Advice has also broken new ground by giving clients in Taiwan access to systematic overnight portfolio screening. This innovative digital advisory solution brings the wealth management industry in Taiwan to the next level."
The portfolio-monitoring system analyses client portfolios against a set of pre-defined criteria to make sure that they remain effective and, where necessary, proposes customised investment opportunities. The system aims to align portfolios with the client's chosen investment strategy and the UBS view on global markets.
"In the same way that an individual seeks to monitor his or her health regularly, as wealth managers, we recognize the importance of regular and detailed analysis of client portfolios," noted Lin-yun CHANG, Head of UBS Strategic Investment Taiwan.
" Previously available only to institutional clients, the service platform is designed for clients seeking timely, personalised investment advice, but who, at the same time, wish to maintain full decision-making power over their investments," concluded Chang.
Key features of the service include:
- Tailor-made advice based on the client's investment profile
- Support in selecting risk profile and investment strategy in line with pre-agreed needs and investment objectives.
- Systematic portfolio monitoring incorporating state-of-the-art risk management
- Proactive advice which allows swift access to market opportunities
- Full discretion on investment decisions remains with the client
About UBS
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its leading universal bank in Switzerland, complemented by its global asset management business and its investment bank, with a focus on capital efficiency and businesses that offer a superior structural growth and profitability outlook.
UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS Group AG employs about 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
About UBS Wealth Management Taiwan
UBS has had a presence in Taiwan since 1988, and has offered wealth management solutions to high net worth individuals since 2000. In 2008, UBS WM Taiwan was granted licenses to open bank branches in Taichung and Kaohsiung. UBS WM Taiwan was named Best Domestic Private Bank in Taiwan by Asian Private Banker in 2013 and 2014.
Media contact
Angel Yeung +886 2 8722 7265 /+852 9725 0297; angel.yeung@ubs.com
For more information on UBS, visit: www.ubs.com
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