FNZ, abrdn launch digital wealth platform in Singapore

The firms’ platform have over $90b assets administered in the UK.

Investment company abrdn and wealth management platform FNZ have teamed up to launched a multi-distributor, open architecture, digital wealth platform in Singapore.

The platform aims to support independent financial advisory firms, banks, virtual banks, family-offices and insurance companies in the Asia region.
 
Services in the platform include discretionary portfolio management and self-directed solutions both through the advisor and/or client portals. It will also make use of standardised wealth APIs, with FNZ and abrdn rolling out further innovations in the future.

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FNZ and abrdn have been partners in the UK since 2005. Their platform– providing financial planning solutions and technology for UK financial advisers– had since amassed £75.2b (approximately $94.37b) in assets under administration.  

(US$ 1 = £0.8)