Digital & Technology

Independent firm launches digital onboarding services

Crossbridge Capital, a wealth management firm serving UHNW investors globally, has announced a new development to its ‘Connect by Crossbridge’ digital platform.

Connect will now allow for digital onboarding of accredited investors living in Singapore, making it even easier to use and invest via the platform, the firm said in a statement. 

“Connect was designed to be an intuitive digital tool that provides an authentic wealth management experience for accredited investors of all experience levels,” said Charlie O’Flaherty, partner and head of digital strategy and distribution at Crossbridge Capital.

He added that the latest update will significantly speed-up the onboarding process while ensuring that the best standards of customer identification and verification are maintained. 

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

Connect was launched in November 2016. Early interest from clients and partners has been extremely high, according to the company. The Connect platform currently advises on over USD3 billion of client assets. 

In collaboration with Morningstar, the company has created a series of portfolios built around specific risk-return profiles on the platform – each with an exposure of up to 12 asset classes. 

Based on their investment goals – from real estate to financial security – Connect clients will be able to efficiently access and manage their investments with a single transaction, and benefit from a professionally structured portfolio that is actively rebalanced to ensure that investments remain aligned with clients’ personal risk preferences.  

A key feature of Connect by Crossbridge is its fee structure, said the firm, with 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 is now available to accredited investors living in Singapore, including US expatriate investors, in addition to other accredited expatriates and Singaporean investors.