“You might get into a world where you are relying on certificates based on certificates based on certificates, without anybody actually doing the primary work.” “Supply chain monitoring is incredibly difficult,” said Shivaram Rajgopal, a Columbia Business School professor with a research focus on shareholder value. This requires a certain degree of honesty and dedication from the management side.
Because shareholders have limited capacity to conduct on-site research for individual companies, they largely rely on the management to report key performance indicators and draft action plans. These risks are not trivial: As of 2017, 40.3 million people worldwide were victims of modern slavery, which generates $150 billion in profits annually in the United States alone, according to the International Labor Organization, a subsidiary of the United Nations.īut it’s not easy for investors to reliably get information about companies’ supply chain conditions. AllianceBernstein, for example, has developed its own proprietary model to identify its portfolio companies’ exposures to modern slavery risks. launched the landmark Modern Slavery Act in 2015, global asset managers like Abrdn, BNY Mellon, and Lazard have pledged to remove modern slavery - a term that includes human trafficking, forced labor, debt bondage, and forced and early marriage - from their operations and supply chains. Knowledge, is available as a customised solution designed toįulfill clients' specific needs and goals.As allocators continue to embrace environmental, social, and governance investing, asset managers are turning their focus to the fight against modern slavery. Platform, which is backed by a team of bankers with industry Their bankable and non-bankable assets, the firm added. Available forĪccess on a proprietary and digital platform, clients gainĬontrol and transparency of their total wealth, encompassing Wealth system offered as a service to UHNWIs. Individuals (UHNWIs) to grow their wealth. TREX is a core WRISE is a wealth enterprise which provides innovativeĬlient-centred solutions to make it easy for ultra-high net worth WRISE said that it aims to set the gold standard in helpingĬlients achieve their wealth and legacy goals with a powerfulĭigital platform to simplify wealth management. Make timely investment decisions, anytime and anywhere. Technology to help UHNWIs consolidate their portfolios over aĬlients can navigate and fully customise their total wealth to Supporting WRISE, will bring innovative and best-in-class In view of this, the firm said that TREX, the core wealth system
Of wealth management, such as managing multiple entities and Industry to provide a consolidated view of an UHNWI’s totalīankable and non-bankable assets, thus reducing the complexities The firm said it saw an opportunity in the Rely on banking systems for product ideas and suitability, often Gaps and to meet the needs of these UHNWIs,” he stressed.Ĭurrently, the UHNWIs and their independent wealth managers who Wealth management, and hence, WRISE is formed to bridge these Need is a way to consolidate their total wealth to simplify Recent years has led to increased management and maintenanceĬosts, further aggravated by a lack of independent andĮxperienced wealth management talents to meet demand. “However, this growing number of UHNWI-backed family offices in “There is increasing demand for family offices across theĪsia-Pacific and the Middle East regions, and a new generation ofĬlients who are digital natives and who prefer greater control The requirements of the UHNWIs,” Derrick Tan, chairman and CEO, Wealth transfer taking place globally, we observed a change in “With the global economic uncertainty, market volatility and Proprietary core wealth system, TREX, a platform that can addressĬlients’ wealth management needs, the firm added. Planning, corporate services and more, the firm added.Īll of these services can be assessed and managed easily by its Of strategic partners with deep specialisation in wealth The complementary services, which range from portfolio managementĪnd unbiased expert advice, are available to make wealth Unbiased expert advice, to a network of strategic partners withĭeep specialisation in wealth planning, corporate services and Making wealth management easier is part of a host ofĬomplementary services that range from portfolio management and Worth individuals innovative and client-centred solutions to grow
WRISE said in a statement that it aims to offer ultra-high net Holdings launched Singapore-based WRISE Wealth Management and This week, wealth management firm WRISE Group Derrick Tan, chairman and CEO of WRISE Wealth Management and former CEO of Bank of Singapore in Hong Kong, aims to simplify wealth management with a suite of services on a single platform.
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