Launched online in May 20221, the programme uses building blocks to construct clients’ portfolios exclusively for clients in Asia with a minimum investment of $200,000. These discretionary portfolio building blocks offer equity, fixed income, and multi-asset portfolios, managed for HSBC GPB by HSBC Asset Management and third-party managers.
In addition, this DPM strategy represents over 10% of HSBC GPB’s DPM assets under management in Asia.
Last year, HSBC GPB released its online trading platform for private banking clients in Asia to connect clients with the latest market opportunities. This included trading access to 10 key financial markets.
Most discussions on DPM or portfolio construction today are still heavily reliant on face-to-face meetings, whether physical or virtual. The discretionary digital platform is built upon our strategic vision of making a broad product shelf and CIO3 content digitally available to our clients beyond the UHNW space. Having a simple yet powerful digital wealth management platform enabling investment at their fingertips has been a true game changer appreciated by many of our clients, especially digitally savvy millennials, who desire flexible means for more proactive wealth management, anytime and anywhere. In Hong Kong, 90% of our clients said that our digital services exceeded or met their expectations, a year-on-year increase of 5%.