HSBC has introduced an enhanced version of its Wealth Portfolio Intelligence Service (WPIS) available to ‘Jade’ level clients in the Asia Pacific region.
To qualify for Jade services, customers need to place at least S$1.2m (£683,230, $841,460, €774,160) in deposits, investments and/or insurance, according to the bank.
The WPIS will give clients a “more in–depth understanding of their portfolios” as they can access tools similar to the ones used by institutional investors to analyse risk exposure across a range of assets including, unit trusts, bonds, equities, currencies, cash and time deposits.
“The essence of WPIS is to steer clients through a highly volatile investment environment and accommodate their increasingly complex investment needs,” HSBC said.
Expanded offering
The service was first introduced last year but it only covered unit trusts, and is powered by platform Aladdin Wealth.
Greg Hingston, regional head of wealth and personal banking, Asia Pacific and Hong Kong at HSBC, said: “In a highly volatile investment market, knowledge is power.
“By expanding the analysis to cover most of the key liquid asset classes in our customers’ wealth portfolios, we are enabling greater understanding and control of their risk exposure. This will give them peace of mind that they have chosen the appropriate strategy based on their risk appetite and investment preferences.”
The enhanced WPIS will allow Jade directors to create reports on multi-asset portfolios, scenario analyses and stress testing to share the results with their clients.
