UBS Wealth Management has introduced UBS Advice, a new portfolio monitoring system for wealth management clients in Asia.
UBS Advice will allow Asian advisers to analyse individual client portfolios against a set of pre-defined criteria to identify portfolio quality issues and propose customised investment opportunities including secondary market equity, bond and structured products transactions, investment fund transactions, custody services, account maintenance and servicing, as well as security transfers.
The new service, which was previously only available to institutional clients, is aimed at aligning client portfolios with their chosen investment strategy and UBS views on global market developments.
Kathryn Shih, chief executive at UBS Wealth Management, Asia Pacific said that many of UBS’s Asian clients are more comfortable with investing in names they know, which tends to lead to a strong home bias towards Asian assets, where it may be harder to achieve optimum returns.
“More than ever, it is important to gain access to overseas market opportunities and information that will facilitate decision-making,” she said. “By providing information to their fingertips, UBS Advice empowers Asian clients to navigate across the global investment landscape swiftly and nimbly.”
The Swiss bank said that UBS Advice has been designed for clients seeking personalised investment advice, who, at the same time, want to maintain full decision-making power over their investments. The service is available at a contractually agreed flat fee.
Juerg Zeltner, chief executive of UBS Wealth Management, said that UBS Advice responds to the needs of investors in a rapidly changing world.
“The financial landscape is more globally interlinked, faster moving, often riskier, and certainly more regulated than ever before,” he said. “In response, we have built-up our investment management capabilities and developed a unique, dynamic, integrated value chain that ensures the provision of high-quality investment advice and solutions, such as UBS Advice, to enable us to grow and protect our clients’ wealth.”
UBS Advice provides a tailor-made advice and service based on client portfolio and investment profile and includes five broadly diversified investment strategies from which to choose – income, yield, balanced, growth and equity.
Portfolio quality is monitored systematically to assess critical risk factors while clients are provided with up-to-date investment ideas and strategies based on latest market developments with clients retaining full discretion on investment decisions.
Launched in Switzerland early last year, UBS Advice has since also been launched in other parts of Europe and has in excess of CHF6.7bn ($7.5bn) of invested assets to date.