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Crossbridge Capital Unveils ‘Connect’, Singapore’s First Digital Advisory Platform for Accredited Investors

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– CONNECT by Crossbridge now live and on-boarding accredited investors* in Singapore

– Digital platform developed by a leading and established wealth manager offering tailored actively managed portfolios with efficient and transparent fee structure

– Developed in collaboration with top-tier industry providers including Morningstar, BNY Mellon’s Pershing LLC, Julius Baer , Amazon Web Services and Bambu

SINGAPORE/PRNewswire/ — Crossbridge Capital, the leading independent investment advisory firm serving ultra-high net worth families globally, today announced the launch of CONNECT by Crossbridge, Singapore’s first digital advisory platform serving accredited investors*.

Developed in collaboration with top-tier industry providers Pershing, Julius Baer, Morningstar, Amazon Web Services and Bambu, CONNECT by Crossbridge is an intuitive digital platform offering tailored investment strategies to accredited investors* living in Singapore. BNY Mellon’s Pershing offers U.S. tax reporting as part of its suite of services. This will allow Crossbridge Capital to cater to under-served U.S. expatriate investors living in Singapore, in addition to other accredited expatriates and Singaporean investors.

CONNECT is being launched by an established independent wealth manager; Crossbridge Capital, which has US$3 billion under advisement. Crossbridge Capital was founded in London in 2008 with a focus on client-centred and independent advice, and a commitment to open architecture and overall transparency. The company is regulated in multiple markets with offices in London, Singapore, Monaco and Malta and is backed by two of the world’s leading banks as minority investors. Its Singapore office, which has been serving high net worth clients since 2010, is regulated by the Monetary Authority of Singapore.

“Our vision for CONNECT is to introduce a premium wealth management experience to affluent investors through a convenient and easy-to-use digital advisory platform,” said Tarek Khlat, Co-Founder and Group Chief Executive Officer of Crossbridge Capital. “CONNECT empowers clients to utilise the latest technology to manage their investments in their own time, based on personalized investment goals and without the high fees of traditional operators. History has shown that technology can help people invest smarter. We are bringing together our in-house human investment talent with the latest technology to enhance our service offering to clients and ultimately provide outperformance with lower risk. CONNECT offers personalized investment solutions that are tailored to meet the client’s investment objectives.”

Together with Morningstar, the leading global investment research firm, Crossbridge Capital has developed for CONNECT a series of actively managed Tracker Certificates built around specific risk-return profiles – each with an exposure of up to 12 asset classes. Based on their investment goals, CONNECT clients will be able to, efficiently access and manage their investments with a single transaction, and benefit from a professionally structured portfolio that is actively rebalanced to ensure that investments remain aligned with clients’ personal risk preferences.

To get started, investors will need a minimum investment of USD$100,000. Interested investors can sign up for an account on http://www.crossbridgeconnect.com, where they can supply important information about themselves and their investment goals and risk preferences, and CONNECT will provide a customized investment profile and portfolio. Users will be able to select tailored portfolios based on their own investment goals and time horizons.

Clients’ assets and funds will be cleared and held with Pershing, a BNY Mellon company, one of the world’s largest custodians with US$29.5 trillion under custody**. Clients’ funds and securities held at BNY Mellon’s Pershing are protected by SIPC (Securities Investors Protection Corp.); this insures their accounts for up to USD$500,000 (USD$250,000 limit on cash – see also https://www.pershing.com/about/strength-and-stability ).

“Since the introduction of new tax reporting regulations in the United States, banks and other financial services institutions have been reluctant to serve U.S. expatriates. While CONNECT is designed with all accredited investors in mind, our collaboration with Pershing will allow us to offer U.S. expatriates the same access to the intelligent and intuitive portfolios available on our new platform,” said Charlie O’Flaherty, Partner and Head of Digital Strategy & Distribution at Crossbridge Capital.

“We believe that CONNECT by Crossbridge is a great step forward in digital wealth management, as it enables us to offer accredited investors access to truly diversified portfolios including exposure to asset classes that were traditionally available only to the ultra high net worth and institutional markets,” added O’Flaherty. “CONNECT portfolios offer daily liquidity and trade on Net Asset Value (NAV) just like a mutual fund. However, they will not have the high and sometimes opaque fee structures of traditional operators, or the multiple fees associated with less efficient portfolio options currently offered by many digital advisors in other jurisdictions.”

Crossbridge Capital has also partnered with Julius Baer, the leading Swiss private banking group which is providing its comprehensive structuring expertise as the Issuer of the Certificates. Amazon Web Services will provide the hosting infrastructure for CONNECT, while the advisory platform itself is being developed by B2B platform provider Bambu.

“Singapore is a globally significant wealth management and financial technology centre with a growing base of affluent investors who are increasingly digitally-inclined,” said Khlat. “We are delighted to be launching CONNECT here.”

CONNECT will be available to accredited investors* living in Singapore, and Singapore will act as the hub for future expansion into the region.

References:

* “Accredited investors” include individuals whose net personal assets exceed S$2 million or whose income in the preceding 12 months is not less than S$300,000 [Source: Monetary Authority of Singapore]

** As of June 30, 2016 [Source: http://www.bnymellon.com/us/en/who-we-are/index.jsp ]

About Crossbridge Capital

Crossbridge Capital was launched in 2008 in London with a vision to create an independent, investment advisory that offers a fully integrated financial services platform to entrepreneurs and families in Emerging Markets worldwide. Today, backed by two of the world’s leading banks as minority investors, Crossbridge Capital operates in many of the world’s leading Emerging Markets – from Istanbul to Ulan Bator, Moscow to Dodoma – supported by a team of 30 professionals in four Crossbridge Capital locations: London, Singapore, Monaco and Malta. After its successful launch in London with authorization and regulation by the Financial Conduct Authority (FCA), in November 2010 Crossbridge Capital, officially opened its first Asia office in Singapore after receiving approval from the Monetary Authority of Singapore (MAS). In May 2016 the company opened its doors in Monaco after receiving authorisation from the Commission for the Control of Financial Activities (CCAF). These signalled significant landmarks in the company’s history and set the bar for its ambitious, yet considered geographic and client engagement growth strategy.

More information can be found at http://www.crossbridgecapital.com.

For further information about CONNECT:

http://www.crossbridgeconnect.com
info@crossbridgeconnect.com
Tel: +65 6723 8173

For Media Enquiries:

Tim Williamson
Cognito
crossbridge@cognitomedia.com
Tel: +65 6221 7310

Source: Crossbridge Capital Asia

Written by asiafreshnews

November 16, 2016 at 4:21 pm

Posted in Uncategorized

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