Taipei, 19 April 2016 – In line with its commitment to digitalization, UBS today launched an innovative contract-based flat-fee offering for wealth management clients with invested assets of USD250,000 and above. The service is available via a scalable and efficient model which provides clients who subscribe with access to premium research insights and products previously available only to high net-worth clients.
This smart wealth management offering is accessible via on-line and social media platforms (LINE), and provides clients with up-to-date market information.
"We are excited that Taiwan is the first market in which this new wealth management model will be available outside Switzerland," said Dennis Chen, Country Head and Head of Wealth Management, UBS Taiwan. "There is huge potential for the growth of the wealth management business here. Subsequent to the successful launch of UBS Advice last year, we believe that financial technology will become an ever more important component of our offering. Indeed, we are confident that this smart wealth management service will quickly become an alternative reference for the wealth management industry in Taiwan and beyond. At the same time, the service will enhance our efficiency and allow our advisors to provide clients a premium wealth management service".
UBS estimates that USD630 billion of Taiwan's bankable assets are held by around 650,000 affluent individuals, including small and medium-sized business owners, professionals, and senior executives and managers.
"Today, in the same way as professional investors, high net-worth clients demand real-time easy-to-access analysis to help them make informed investment decisions. Not only will this smart wealth management offering will provide clients with high-quality financial planning, portfolio modelling and tracking, and annual reviews for their life-planning goals but it also offers daily personalized portfolio alerts allowing clients to rebalance their investment portfolios to best effect," explained Linyun Chang, Managing Director, Deputy Head of UBS Wealth Management Taiwan.
Market insight, including stock recommendations, is provided by UBS's CIO (Chief Investment Office), and is based on the research output of in excess of 900 economists and strategists globally.
Fast facts about the new UBS smart wealth offering:
- a contract-based flat-fee offering for clients with invested assets of USD250,000 and above
- access to the world's best wealth management capabilities, including state-of-the-art advisory and mandate solutions customized to meet unique life planning and investment goals
- a wide investment selection of over 1,000 mutual funds
- up-to-date market information via on-line and social media – LINE (official account: UBS Taiwan)
- ad hoc proactive investment advice and administrative support via a hotline
- easy access to customized, UBS WMCIO market insights and investment ideas, as backed by over 900 global economist and analysts
- Select output, including market insights and investment advice, from the CIO will appear on a UBS's proprietary website Taiwan Today (in Chinese only) https://www.ubs.com/taiwaninvest
- Personalized alerts, ad hoc proactive investment advice and administrative support via a hotline
- More info about the new UBS smart wealth offering, visit www.ubs.com/taiwaninvest
Notes for editors
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, 2014 and 2015.
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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