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Credit Suisse launches fee-based portfolio advisory service

"I think clients don't have an issue paying a fee as long as they see value," says Francesco de Ferrari, Credit Suisse head of private banking Asia-Pacific.


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'...