UBS Advice Launched In Taiwan

First launched in Zurich in 2013 and in Singapore and Hong Kong last March, UBS Wealth Management today rolled out its state-of-the-art contractual-based flat-fee offering, UBS Advice, in Taiwan.

"UBS sees huge potential in the wealth management industry in Asia Pacific and Taiwan, and is well positioned to benefit from the growth," said Edmund Koh, Group Managing Director and CEO Wealth Management of South East Asia and APAC Hub.

"Since the launch of UBS Advice in 2013, our clients have invested CHF21billion of assets via the platform," he added.

According to the Wealth X and UBS Billionaire Census 2014, the growth of billionaire wealth in Asia has outpaced that of any other region globally accounting for 30 percent of the net increase in total wealth. In Taiwan, billionaire wealth surged by 14 percent.

"Unlike any other wealth management service in Taiwan, UBS Advice is based on a contractual-based offering, which is first of its kind in Taiwan," explained Dennis Chen, Group Managing Director and Head of Wealth Management Taiwan. "UBS Advice has also broken new ground by giving clients in Taiwan access to systematic overnight portfolio screening. This innovative digital advisory solution brings the wealth management industry in Taiwan to the next level."

The portfolio-monitoring system analyses client portfolios against a set of pre-defined criteria to make sure that they remain effective and, where necessary, proposes customised investment opportunities. The system aims to align portfolios with the client's chosen investment strategy and the UBS view on global markets.

"In the same way that an individual seeks to monitor his or her health regularly, as wealth managers, we recognize the importance of regular and detailed analysis of client portfolios," noted Lin-yun Chang, Head of UBS Strategic Investment Taiwan.

" Previously available only to institutional clients, the service platform is designed for clients seeking timely, personalised investment advice, but who, at the same time, wish to maintain full decision-making power over their investments," concluded Chang.


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