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5 things that make a good investment and wealth management tool

Growing and managing your wealth can be a breeze in the digital age of finance — if you pick the right bank

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Time and tide wait for no man, especially in today’s fast-changing world. Instead of juggling multiple apps and platforms to manage your spending, savings, and investments, it makes sense to have an all-in-one solution that helps you achieve your financial goals, protect your wealth and make sure your legacy plan is not derailed by the global pandemic.

An ideal platform should offer an integrated wealth management approach to take care of both your banking and investment needs.

Financial technology, or fintech, has transformed banking and the wealth management industry. New digital tools have made it possible for users to manage and track their portfolios from the palm of the hand. No more spreadsheets. No more switching of accounts. No more toggling between multiple screens. Time should be freed up to focus on what matters: spotting and seizing investment opportunities.

While it is good news for the consumer to have more choices, how do you pick the right tools — and financial partner — to navigate an increasingly complex and volatile financial landscape? Fortunately, DBS has just the app for you — the DBS iWealth app, a wealth-management platform available to customers of DBS Treasures. 

Here are five reasons why you should choose the DBS iWealth app to manage your wealth. 

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All-in-one app that uses technology to help you save, bank and invest

Leveraging artificial intelligence, big data, biometrics and intuitive design, the award-winning DBS iWealth app allows you to perform everyday banking transactions, manage your wealth and also trade forex, equities and funds on a single platform — a first in Singapore. You no longer need to log in and out of different banking apps to bank or invest.

With the DBS iWealth app, everything is seamless, connected and complete on one platform. You can transfer your savings from your banking account into your wealth management account, and back again into your banking account when you take profit. 

The app also consolidates and updates your portfolio of stocks, bonds and foreign currency holdings round the clock. With an easy-to-read dashboard overview, you will be able to monitor both actual and potential investment profits and losses and make timely decisions to invest further or hold or sell your holdings, while taking into consideration your cash flow needs.

Remember the time when your parents or grandparents had to rely on spreadsheets to keep track of all their trades across multiple brokerage accounts? Times have changed.  

The DBS iWealth app, launched in 2017, has undergone several updates to improve its digital capabilities — all with you, the end-user, in mind. You will find the latest version of the app even easier to use, with seamless navigation and shortcuts for frequently-used services. Other new features include reminders on upcoming bills, payments and more, and insights on account activity to better manage your finances.

The DBS iWealth app also contains the DBS NAV Planner, which gives you access to comprehensive budgeting and retirement-planning tools.

DBS is a participating bank of the newly launched Singapore Financial Data Exchange (SGFinDex). This first-of-its-kind digital infrastructure uses a national digital identity and centrally managed online consent system to enable individuals to access, through applications, their financial information held across different government agencies and financial institutions.

DBS has integrated SGFinDex with the DBS NAV Planner, which allows users to connect all their financial information from CPF, HDB, IRAS and even accounts with other banks. The DBS NAV Planner is available on the DBS iWealth app, under the Plan tab.

You get to pick the best brains in the industry 

With the DBS iWealth app, you can count on high-quality expert advice to help you navigate these uncertain times. 

Apart from insights from DBS’ Chief Investment Office (CIO), you will be able to get market information tailored for you based on your portfolio, and also investment ideas that you can leverage when deciding your next move in the market.

The intelligence and insights come from DBS’ acclaimed investment team, whose members have an average of 17 years of experience in the industry. The team has expertise ranging from institutional brokerage, investment banking and  fund management to real estate, research, product development, consumer communication and risk profiling, among others. The team also has broad geographical expertise in markets in and out of Asia.

With the DBS iWealth app, you can count on high-quality expert advice to help you navigate these uncertain times. 

You receive personalised advice and practical insights

A one-size-fits-all approach will not work when it comes to the world of investing.  Everyone has different investment preferences and risk appetites. The DBS iWealth app has in-built digital capabilities that are smart enough to learn what you need, providing you with the market information that is most relevant to you.

It is also able to analyse your investments and find opportunities that fit your risk profile. This tailored intelligence includes market analysis from DBS’ CIO and a shortlist of items that you could invest in with a few taps. 

With these personalised insights, you will be equipped to make informed decisions on investments and act quickly to seize trading opportunities.

No more wasting your time trawling the Internet or speaking to different brokers or advisers to stay abreast of  investment trends and news. Now, you can get research news feed curated by the experts — specially for you — with the tap of a button.

You receive real-time alerts on FX rates and get to trade in global markets

Foreign currency exchange rates are fast-moving, and it is easy to miss good rates when your schedule is packed. The DBS iWealth app provides alerts on currencies that are used most often, allowing you to optimise your investment returns or stretch the value of every dollar you invest.

It also prompts you when there is a change in the currency rates of your major holdings so you never miss an opportunity.

With a good investing app like DBS iWealth, it becomes hassle-free to invest in major foreign markets. For example, you can buy a stock listed on the NYSE, and it will be funded by your US Dollar (USD) wallet. Sell some stocks on the NYSE, and the proceeds will be credited back into your USD wallet.

Besides the USD and the Singapore Dollar (SGD), you can buy and sell in seven other currencies: the Australian Dollar (AUD), the Canadian Dollar (CAD), the Chinese Renminbi (CNH), the Euro (EUR), the Sterling Pound (GBP), the Hong Kong Dollar (HKD) and the Japanese Yen (JPY). 

Apart from foreign exchange trading, you will also have access to funds and equities all within the app. DBS Online Funds Investment has over 200 Unit Trusts to choose from, and they are categorised by asset class, geography or fund manager. DBS Online Equity Trading, meanwhile, allows customers to trade and monitor shares in Singapore, Hong Kong, United States, Canada, Australia, Japan and the United Kingdom, while offering competitive brokerage fees. 

The latest version of the DBS iWealth app also allows you to trade in 12 currencies across seven global markets. 

You get to invest in a secure and safe environment

The DBS iWealth app allows you to make investments with a tap, anywhere and anytime, and the investment interface is not only friendly and fast, it is safe too. DBS offers several security features including facial and biometric login, transaction alerts for every transaction performed via the DBS iWealth app or other channels, and a One-Time Password (OTP) authorisation for added assurance.

Now that all the boxes have all been ticked, it is crystal clear whom you should trust your money with.

Join DBS Treasures today. 

This article is for information only and should not be relied upon as financial advice. Any views, opinions or recommendations expressed in this article does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Before making any decision to buy, sell or hold any investment or insurance product, you should seek advice from a financial adviser regarding its suitability. This article is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.

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