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DBS is ramping up its portfolio advisory capabilities to provide Private Bank and Treasures clients with more insightful and comprehensive investment reviews.
DBS is introducing a portfolio review tool, co-developed with wealth technology provider EdgeLab, to give clients in-depth assessments of their portfolio performance and risk exposures, the bank announced in a statement on Thursday.
According to the bank, the tool addresses gaps in traditional client investment reviews, which often miss valuable contextual information such as the performance of each investment against the wider portfolio or equivalent benchmarks, and where the overall portfolio risk exposures lie.
Understanding what you own and how each investment impacts your portfolio is fundamental to making robust investment decisions. It is key to navigating today’s uncertain markets, where it is important to go back to basics, and not leave things to luck or chance, Sim S Lim, group head of Consumer Banking and Wealth Management, said in the statement.
A report with this information takes only five minutes to generate, and will allow relationship managers (RMs) to offer more personalized and relevant investment recommendations, DBS said. The report will also be provided as supplements to monthly client statements.
The bank said that in the next phase of the development of the tool, it will equip RMs with the ability to stimulate investments into existing portfolios, as well as propose and construct new client portfolios.
Among its efforts to enable more informed decision-making, DBS also recently added MSCI ESG Ratings, which measures a company’s resilience to long-term, financially relevant environmental, social and governance (ESG) risks, into its suite of wealth products, advisory and discretionary portfolio services.
