Crossbridge Capital has launched Singapore’s first digital advisory platform for the city-state’s wealthy investors.

The platform is being developed in collaboration with industry-leading asset management and technology firms, including Bambu and Pershing, a BNY Mellon company. Designed to deliver a premium wealth management experience, it will enable users to take control of their investments and seamlessly access and manage tailored products chosen to match their investment profile and objectives.

Established in 2008, Crossbridge Capital is an independent wealth advisor with approximately US$3 billion from entrepreneurs and families under supervision. The company is regulated in multiple markets and has offices in London, Singapore, Monaco and Malta.

“Crossbridge Capital provides independent and client-centred advice to wealthy investors, backed by access to strong partners and investment solutions. Our new digital platform will bring the same philosophy but to a wider audience. It empowers clients to utilize the latest technology to manage their investments in their own time and without the high fees of traditional operators,” says Tarek Khlat, co-founder and group CEO, Crossbridge Capital.

“History has shown that technology can help people invest smarter. We are bringing together the human investment talent that we have in-house with the latest technology to enhance our service offering to clients and ultimately provide outperformance with lower risk,” he adds.

The advisory platform is being developed by B2B platform provider Bambu and will launch later this year in Singapore, which will also act as a hub for future expansion into other markets. It will provide easy-to-use personalized investment solutions developed in partnership with a top tier structured investments and financial technology provider, as well as a leading global investment research company. Through carefully selected partnerships Crossbridge Capital will be able to offer highly efficient actively managed investments portfolios that are tailored to suit investors’ needs.

Additionally, clients’ assets and funds will be cleared and held with Pershing, part of BNY Mellon, one of the world’s largest custodians with US$29.5 trillion under custody. Being a US-regulated entity, Pershing offers US tax reporting as part of its suite of services; this will mean that under-served US expatriate investors living in Singapore will also be able to invest on the platform, in addition to other accredited expatriates and Singaporean investors.

“We are confident that our digital solution, will be very attractive for accredited Singaporean investors and US expatriates in Singapore who are finding it increasingly difficult to access investment and savings products while living overseas.  Our collaboration with Pershing will enable us to offer the same bespoke investment solutions to U.S. expatriates that our other high net worth clients enjoy,” says Charlie O’Flaherty, partner and head of digital strategy & distribution at Crossbridge Capital.