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IAM introduces digital onboarding for accredited investors

IAM introduces digital onboarding for accredited investors

Crossbridge Capital, a wealth management firm serving ultra-high net worth investors globally, has announced important updates to its CONNECT by Crossbridge digital platform, which is a robo-advisor.

CONNECT has 'cut the paperwork' and will allow for digital onboarding of accredited investors - making it even easier to use and to invest on the platform.

Accredited investors include individuals whose net personal assets exceed S$2 million or whose income in the preceding 12 months is not less than S$300,000.

Digital onboarding will streamline the user sign-up journey by utilising e-sign technology for all required documentation. It will not require manual submission of documents or a physical visit to Crossbridge Capital’s office to complete sign-up, making sign-up as easy as possible for investors.

'CONNECT provide tools, content and a goals-based investment solution online that empower investors to take control of their financial future, and provide access to the same Crossbridge Capital investment experts that provide advice and counsel to our ultra-high net worth clients,' said Charlie O’Flaherty, partner and head of digital strategy & distribution at Crossbridge Capital.

'Today’s updates will significantly speed-up the onboarding process while ensuring that the very best standards of customer identification and verification are maintained.'

'We launched CONNECT in November because we believe that many clients are now looking for high quality investment options online and have been underserved by the existing choices available in the market. Early interest from clients and partners has been tremendous,' added Tarek Khlat, co-founder and group CEO of Crossbridge Capital.

Further updates

Clients will be able to access a live chat and dedicated helpline in which they will be able to reach experienced human advisors from the Crossbridge Capital investment team.

Interested users will also be able to retrieve regular market insights from Crossbridge Capital’s CIO, Manish Singh.

Crossbridge Capital has developed for CONNECT a series of portfolios built around specific risk-return profiles - each with an exposure of up to 12 asset classes - together with Morningstar.

According to the firm's statement, there are no commissions, administrative fees, brokerage fees or hidden charges. CONNECT portfolios include fees of up to a maximum of just 1.25% per annum, depending on the investment choices made.

CONNECT was developed in collaboration with top-tier industry providers including Morningstar, BNY Mellon’s Pershing LLC, and Julius Baer.

Crossbridge Capital is an independent wealth management firm serving ultra-high net worth clients, including 120 families, with $3 billion assets under supervision.

CONNECT is now available to accredited investors living in Singapore, including the 27,000 U.S. expatriate investors.

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