Unless one's money is from windfall, most if not all private clients migrated/upgraded from privilege/priority. If one is a privilege/priority customer and aum qualified for private, private rm would hijack over.

If one's aum is qualified for private and private is not available, could call up private of other Banks, RM would be more than happy to chat.

Goldman Sachs, Morgan Stanley and JP Morgan are very active in i.b side of business, have plenty of bond to offer.

This post has been edited by icemanfx: Oct 7 2018, 05:05 PM

The sky is your limit.

46,702 UHNW and HNW individuals collectively only amount to 0.2 per cent (not even the proverbial 1 per cent) of the 21.372 million adults in Malaysia.

The remaining 99.8 per cent Malaysian adults have a wealth that either touches or falls below US$1 million (RM4.16 million), with the bulk or 60.6 per cent with wealth below US$10,000, while 36.2 per cent have wealth of US$10,000-US$100,000, and three per cent at the higher wealth range of US$100,000-US$1 million.

Malaysia also has a relatively high Gini index value of 82 per cent based on the wealth distribution patterns among Malaysian adults, which suggests high wealth inequality.

https://www.malaymail.com/s/1685061/malaysi...-whos-wealthier

This post has been edited by icemanfx: Oct 21 2018, 12:40 PM

Credit Suisse is specialized in investment banking and wealth management, understand about hnw and uhnw include undeclared wealth better than most. Wealth data compiled by them may not accurate to single decimal point or 10% variance but certainly more reflective than nitpicking syok sendiri analyst.

High gini index and high households debt attributed to lower than expected hnw individuals in this country.

This post has been edited by icemanfx: Oct 23 2018, 05:16 AM

Market value and net worth is two different matters. With high households debt and high gini index, it is not hard to believe fewer than expected hnwi.

How many % of personal banking clients qualified for priority/privilege?

This post has been edited by icemanfx: Oct 23 2018, 05:18 AM

This is not the first time/year cs compiled the wealth report. from their private banking operation and people movement in the industry, they have a good estimate of hnwi and uhnwi which is consistent with this report. malaysia data quality may be poor, instead of 5% accuracy, it could be 20% or even 30% accuracy, which is a good enough estimate and certainly a better estimate than a nitpicking syok sendiri analyst.

one usually a local bank priority/privilege customer before becoming priority/privilege customer of sg bank, where aum is higher and not all people meet by sg rm will become customer. A criteria for sg RM to choose who to meet is existing priority customers.

This post has been edited by icemanfx: Oct 23 2018, 12:23 PM

AUM in this country is among if not the lowest in the region. It is a matter of time, foreign banks will rise minimum aum.

This post has been edited by icemanfx: Jun 9 2019, 11:09 PM

DBS treasures.

Earning commission and fees.

If want better service, join private bank. RM typically only serve a few tens clients instead of a few hundred of privilege/priority.

Banks still organize events to promote their products regularly. Just that only invite those deem qualified or likely to buy to attend.

This post has been edited by icemanfx: Jul 2 2019, 07:24 PM

Qualify and a client of is different matter. Self qualified could be syok sendiri.

Private bank customers receive market update/research regularly. Perhaps you could share a few here.

This post has been edited by icemanfx: Jul 14 2019, 10:40 PM

Mean sc subsidize/top up fd interest with ut commission.

Home loan at desa Park City.

Bank of Singapore offer a good range of bonds, higher yield than fd. Their RM visit KL fairly regularly.

This post has been edited by icemanfx: Aug 28 2019, 07:46 PM

Citi priority the lowest tier of "priority" banking. Each RM is assigned over a thousand account and they have monthly revenue target. For personalized service, one could choose citigold tier.

That depends on how many account the RM handle and what are her priority and target. When you called, she could be in meeting, training or attending to customer.



This post has been edited by icemanfx: Aug 30 2019, 01:28 PM

She has target to meet; similarly for uob rm. For reasons, banks segregate customers to different tiers, so could market their products more efficiently. If you don't like RM selling products could choose banks RM that are not commission based e.g bos.