WeLab Bank Launches New Digital Wealth Advisory Solution, GoWealth

Fazzaco learned that WeLab Bank, a Hong Kong-based virtual bank, has announced the launch of GoWealth Digital Wealth Advisory (GoWealth), a digital wealth advisory solution.

According to the official press release, the new solution combines the fintech strength of WeLab Bank with the investment expertise of Allianz Global Investors (AllianzGI), empowering customers to reach their financial goals on "autopilot" with an end-to-end approach.

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Additionally, GoWealth ties the entire investment experience with customers' goals through an end-to-end advisory process, ranging from financial planning and investment portfolio recommendations to fund transactions and financial goal tracking, all in the WeLab Bank app. Customers can now kick start their personalized investment plan at as low as HKD100 through the GoWealth tab in the WeLab Bank app. 

​GoWealth is expected to raise the bar for the wealth management industry and mark an important milestone for the entire banking industry.

As Fazzaco reported earlier, WeLab Bank has announced the departure of Head of Digital Product Michael Ng. Michael has a proven track record in developing/managing electronic trading businesses and trading FX and digital assets in Asia.