BPI now offers asset management online

The lender targets more than 500,000 users of Investment 3.0 in an effort to educate and empower Filipinos on building wealth through investments.

People wanting to place their extra money under bank management can now do so via the internet with the launch by Bank of the Philippine Islands (BPI) of an online investment facility.

Dubbed Investment 3.0, the online facility allows clients to maximize the use of the internet to manage their assets, transact and access their investment portfolio.

Aurelio Montinola, BPI president and chief executive, said the company already has a few thousand users but is gearing up for more.

"We’ve got a few thousand. Our target is 500,000 users, but we’re not going to stop there," said Montinola.

As of end-2010, BPI Asset Management has P485 billion ($11.32 billion) assets under management (AUM).

Montinola said the new asset management facility, patterned after BPI Express Online, enables clients to access mutual funds, money market and trust funds, among other investments instruments.

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