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reduced cost platform launched for hk advisers

By International Adviser, 23 Feb 12

A new execution-only platform has been launched for financial advisers in Hong Kong.

A new execution-only platform has been launched for financial advisers in Hong Kong.

The new platform, One Axcess, provides users with access to 10 securities markets, over 55,000 mutual funds and eight major currencies.

The company, which received regulatory approval from Hong Kong’s Securities and Futures Commission this week, added that the platform has no lock-in periods or minimum investment amounts.

One Axcess said the platform’s remuneration model will “significantly reduce investors’ costs” while also providing a “consistent and improved revenue stream to the wealth manager”.

The platform can also provide online client statements as well as single, bulk and limit trading orders with stop-loss functions.

“We firmly believe that clients’ assets belong to them and we should provide the best possible access to it,” says Peter Hatz, director of sales and marketing at One Axcess.
 

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.