Credit Suisse launches fee-based portfolio advisory service

Singapore

PRIVATE banks have sought to shift to a business model where clients pay a fee for advice, but that has been an uphill climb for most players.

Now Credit Suisse is rolling out Credit Suisse Invest, a "digital-enabled" portfolio advisory service that puts at clients' fingertips the bank's capabilities in terms of global research, stocks and funds selection, portfolio analytics and daily investment ideas, among others.