British banking group HSBC has introduced an enhanced version of its Wealth Portfolio Intelligence Service (WPIS) for its Jade clients to help them navigate the current turbulent market.
The bank has now expanded the WPIS service to new asset classes including bonds, equities, currencies, cash as well as time deposits.
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By GlobalDataThe service was rolled out in 2019 but initially covered only unit trust.
Its new version is aimed at helping clients gain more insight into their portfolios.
The upgraded version enables HSBC directors to generate risk analysis reports across key elements of a multi-asset wealth portfolio. They can then discuss the insights gathered from the assessment of WPIS.
It leverages tools that are utilised by institutional investors in evaluating exposure to risk.
WPIS, based on Aladdin Wealth technology, has generated over 20,000 reports since its inception last year.
HSBC head of Customer Propositions and Marketing, Wealth and Personal Banking, Hong Kong, Brian Hui said: “Clients can now get access to the same sort of analytics that institutional investors use to structure their portfolio.”
HSBC regional head of Wealth and Personal Banking for Asia Pacific Greg Hingston said: “By expanding the analysis to cover most of the key liquid asset classes in our customers’ wealth portfolios, we are enabling greater understanding and control of their risk exposure.
“This will give them peace of mind that they have chosen the appropriate strategy based on their risk appetite and investment preferences.”
