Private Banks

HSBC launches wealth portfolio plus service to High Net Worth clients

Sophisticated and bespoke wealth management solution for Jade clients with professional investor status to capture wealth opportunities.

HSBC launches the first-in-market portfolio-based advisory solution – “Wealth Portfolio Plus” (WPP) to help HSBC Jade clients with professional investor status in Hong Kong construct a well-diversified portfolio and navigate through market volatility.

Previously, HSBC Jade clients could only select individual products that aligned with their risk tolerance. With the support of WPP, HSBC Jade Directors can review the investment portfolios of individual clients holistically, granting clients access to a wider range of investment products across the risk/return spectrum, while ensuring their overall portfolios stay within their risk tolerance.

The roll out of WPP follows the successful launch of Wealth Portfolio Intelligence Service (WPIS) to HSBC Jade and Premier clients last year. Since its inception, WPIS has generated over 130,000 risk assessment reports and contributed nearly HKD30 billion in net sales growth from more than 70,000 cases of investment portfolio rebalancing. The new service reflects HSBC’s strategic focus on the high net worth segment as part of its commitment to the Asian wealth business, which saw a strong increase in the number of high net worth clients in Hong Kong and a double digit growth in their asset under management from a year ago.

 

Sami Abouzahr, Head of Customer Wealth, Wealth and Personal Banking, Hong Kong, HSBC, said: “We’re thrilled to bring portfolio-based advisory services to customers for the first time outside of a private bank through Wealth Portfolio Plus, powered by BlackRock’s Aladdin Wealth technology1. By analyzing all asset classes, assessing risk at a portfolio level and road-testing performance under various market scenarios, WPP provides customers a holistic picture of their holdings. Since WPP provides portfolio-level rather than transactional-level analysis, new investment options can then become available to customers that fit their needs. WPP also includes real-time alerts, keeping customers informed and confident that their hard-earned wealth is in good care.”

 

WPP covers a full range of investment solutions including unit trusts, bonds, equities, structured products, warrants and cash. HSBC Jade clients are also supported by sophisticated analytic tools and advisory from professional Jade Directors, as well as real-time wealth projection.