SINGAPORE (Aug 28): CGS-CIMB Securities has launched a robo-advisory platform, CGS-CIMB eWealth, to bring personalised investment advisory services to its retail clients by pairing portfolios with investors’ risk profiles and investment objectives.
The platform is provided in CGS-CIMB’s partnership with Saxo Bank subsidiary Saxo Capital Markets as well as WeInvest, a Singapore-based fintech firm. It is also available to individual investors, corporates and financial advisory firms both in and beyond Singapore.
According to the brokerage, CGS-CIMB eWealth uses algorithms to offer guided “investment journeys” with regular rebalancing of investment portfolios, as well as offer a total online on-boarding experience that allows individuals to start investing in 1-2 days upon registering.
Among the two strategies used by the platform, goal-based investing focuses on providing portfolios that seek to achieve market returns with the initial minimum investment sum of $3,500. The other strategy is thematic investing, which combines quantitative strategies with factor-based investing in constructing baskets of stocks with the aim of achieving above-market returns.
Thematic portfolios such as “US Refining” and “S-REITs” are currently being offered by the platform. The former portfolio caters to clients looking to invest in companies likely to benefit from rising oil prices, while the latter allows clients to own ten individual listed REITs without incurring the usual minimum brokerage charges as compared to purchasing the REITs individually.
As an added convenience, clients may use peer-to-peer funds transfer service PayNow to fund their investments.
They are also able to retain control over the selling and buying of portfolios while having full transparency of the portfolio constituents, says CGS-CIMB, as well as enjoy corporate actions such as dividend payments taken by the companies in their selected portfolios.
In a press release last Saturday, Carol Fong, group CEO of CGS-CIMB Securities (Singapore), highlights the new platform as a good complement to the existing brokerage business.
“Leveraging our strong research capabilities, we will provide clients with a wide range of portfolio selections, from conservative options for those with a low-risk appetite to aggressive ones for investors who possess a higher risk tolerance and want to achieve above-market returns,” says Fong.