Saxo Markets Introduces Digital Wealth Management Service SaxoWealthCare
Saxo Markets, the licensed subsidiary of Saxo Bank, a fintech specialist that connects people to investment opportunities in global capital markets, has launched SaxoWealthCare, the first 5th-generation digital wealth manager with a strong focus on active investing for everyone.
"SaxoWealthCare is designed to reinvent the digital wealth management experience for everyone, and we are very excited to launch this in Singapore. Possibly the most important innovation in the personal finance industry in the last 30 years, since the launch of ETFs, making it a 5th-generation digital wealth manager that builds on modern portfolio theory to deliver an investment plan that is unique and personalised to each individual,"Adam Reynolds, APAC CEO, Saxo Markets said.
The latest addition to Saxo's wide-ranging suite of products and offerings, SaxoWealthCare lets investors decide what their life goals are, and their portfolios are built to achieve those life goals, based on their investment perspective, risk appetite and the impact they want to make through their investments.
"With SaxoWealthCare, investors create a unique portfolio – these unique portfolios are monitored, reviewed daily, rebalanced daily if necessary on a per investor level and at least monthly or quarterly, based on the trade signals coming from the external portfolio managers,"Manish Prasad, APAC Head of Asset Management, Saxo Markets, said.
Earlier this year, Saxo Markets has announced the appointment of Redmond Wong as Market Strategist in Hong Kong to reinforce its research ability in the region. Saxo Markets entered Hong Kong in 2011 and is operating in the jurisdiction with Type 1, 2 and 3 licenses from the Securities and Futures Commission (SFC).
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