DBS Treasures (Singapore) Reviews: Personalized Wealth Management Services
Did you know 46% of wealthy people feel wealth management firms don’t offer enough value? A Capgemini survey found this out. It shows the need for services that really understand and meet client needs. DBS Treasures is changing the game for high net worth clients in Singapore and beyond.
DBS Treasures, offered by Southeast Asia’s largest bank, has a unique approach. It requires a minimum of S$350,000 in investable assets. This opens the door to private banking services tailored for discerning clients. With DBS’s reputation as Asia’s Safest Bank for 12 years, it’s no surprise affluent individuals are choosing it for their wealth management.
The platform’s success is clear in its growth. Around 2,000 clients have moved to the Treasures Private Client platform in recent years. This shows the quality of service and client satisfaction at DBS Treasures.
Let’s explore what makes DBS Treasures a top choice for wealth management in Singapore and Asia.
Key Takeaways
- DBS Treasures requires a minimum of S$350,000 in investable assets
- Named Asia’s Safest Bank for 12 consecutive years
- Offers personalized wealth management services for high net worth clients
- Provides access to the award-winning DBS iWealth App
- Features competitive fees and forex spreads
- Delivers curated market research and insights
- Enables convenient portfolio management and trading
Introduction to DBS Treasures
DBS Treasures offers top-notch wealth management for those with a lot of money. It’s for people who want personal advice and financial help.
What is DBS Treasures?
DBS Treasures is a top banking service that mixes new tech with expert advice. It helps clients grow and keep their money safe. It uses AI and machine learning to make better investment choices.
Eligibility Criteria for DBS Treasures
To get into DBS Treasures, you need at least S$350,000 in investable assets. This makes sure the service is for serious investors looking for advanced financial plans.
Overview of Services Offered
DBS Treasures offers many wealth management services:
- Access to hedge funds and structured products
- Overseas property financing
- Estate planning solutions
- Personalized investment advisory
- Digital-first approach to wealth management
| Service | Description |
|---|---|
| Investment Options | Hedge funds, structured products, global equities |
| Property Financing | Overseas real estate investment opportunities |
| Estate Planning | Customized solutions for wealth transfer and succession |
| Digital Tools | AI-powered investment analysis and portfolio management |
DBS Treasures aims to guide clients toward private banking. It gives them the tools and knowledge to reach their financial dreams.
The DBS iWealth Platform
DBS iWealth is a game-changer for DBS Treasures clients. It makes managing your money and investments easy. You can do bank transfers, trade stocks, and manage your investments with ease.
The platform keeps you updated on your money and investments. It also suggests the best exchange rates for you. This helps you make the most of your investments.
DBS is all about digital innovation. They spent SGD 200 million on digital banking in three years. Their efforts have paid off, with over 70% of wealth clients using online and mobile banking.
In 2016, 25% of new clients came through iWealth. This shows how popular the platform is.
The platform’s popularity is clear in its usage stats:
- Over 2.6 million online banking customers in Singapore
- 1.5 million mobile banking users
- 1.6 million daily transactions across digital platforms
- Mobile banking accounts for 60% of 500,000+ daily logins
DBS iWealth offers great rates for investors. The trading commission is just 0.18% with no minimum fees. There’s also a promotion until July for a $5 rebate on purchases over $10.
This approach to wealth management has earned DBS many awards. They’ve been named ‘Most Innovative Private Bank’, ‘Best Asian Private Bank’, and ‘World’s Best Digital Bank’ – a first for an Asian bank.
Comprehensive Wealth Management Solutions
DBS Treasures offers a wide range of wealth management solutions. These are designed to meet different financial goals. The platform combines expert advice with advanced portfolio management tools.
Investment Options and Strategies
DBS Treasures uses a Core-Satellite approach for building strong portfolios. This method balances long-term stability with short-term market chances. Clients can choose from over 260 approved mutual funds from 21 top asset management companies.
The platform also offers sophisticated wealth solutions. These include structured products and alternative investment funds.
Portfolio Management Services
The investment approach at DBS Treasures is tailored. It follows a three-tier process: Understand, Execute, and Review. This focuses on understanding individual needs, analyzing risks, and providing personalized wealth solutions.
Clients get regular portfolio reviews. They also have access to CIO Model Portfolio Suggestions.
Financial Planning and Advisory
DBS Treasures offers comprehensive financial planning services. These include insurance for health, business, travel, and life needs. Mortgage solutions offer attractive interest rates and tenures up to 25 years.
Clients also get preferential remittance rates. They have access to experienced forex specialists.
| Service | Features | Benefits |
|---|---|---|
| Investment Advisory | Core-Satellite approach, 260+ mutual funds | Balanced portfolio, diverse options |
| Portfolio Management | Three-tier process, CIO Model Portfolio | Personalized strategies, expert insights |
| Financial Planning | Insurance, mortgages, forex services | Comprehensive coverage, attractive rates |
DBS Treasures (Singapore) Reviews: Services and Features
DBS Treasures helps clients with at least $1.5 million SGD. It’s a step below DBS Private Bank, which needs $5 million SGD. The goal is to offer custom financial plans and investment choices.
Reviews of DBS Treasures are mixed. Some like the investment options, but others are unhappy with the service. Many complaints are about the relationship managers and communication problems.
- 10% of reviews rate the service 5 stars
- 82% give just 1 star
- Average of 1.5 reviews per client
People often talk about poor customer service and online banking issues. Some have trouble with account security and fraud. The $350k cash need is seen as low for wealth management.
DBS Treasures has a Multi-Currency Revolving Term Loan and access to many financial products. These include insurance and digiPortfolios based on ETFs and funds. Clients can also see their investments in one place and trade forex online in nine currencies.
Yet, some wonder if DBS Treasures will last. They worry about low fees and clients preferring fixed deposits over complex investments.
Personalized Approach to Wealth Management
DBS Treasures is known for its personalized wealth management. The bank focuses on tailored investment plans. This ensures clients get strategies that fit their financial goals.
Tailored Investment Strategies
DBS Treasures offers many investment options. Clients can choose from over 260 mutual fund schemes. These come from 21 top asset management companies.
Access to Exclusive Market Insights
Exclusive privileges are a big part of DBS Treasures. Clients get regular updates from the DBS Chief Investment Officer. These insights help them make smart investment choices.
The bank’s app sends alerts for big stock price changes. This keeps clients up to date on their investments.
Dedicated Relationship Managers
DBS Treasures has dedicated relationship managers. These experts offer guidance during tough times. They help clients through financial storms.
They also provide emotional support and strategic advice. This is especially important when portfolios see big drops.
| Service | Description | Benefit |
|---|---|---|
| Investment Options | 260+ mutual fund schemes | Diverse portfolio building |
| Market Insights | CIO updates and automated alerts | Informed decision-making |
| Relationship Managers | Personalized guidance | Support during market volatility |
Digital Innovation in Wealth Management
DBS Treasures is at the forefront of digital wealth management. It changes how clients deal with their money. The bank spends USD$600 million a year on tech to improve digital services.
The DBS iWealth platform shows the bank’s tech innovation. It uses AI and machine learning for quick advice and services. Now, clients can manage their portfolios with one app on their phone.
The digibank app offers many financial services. Users can check SRS investments, unit trusts, stocks, FX, insurance, and credit cards with one login. This makes managing money easy and has helped DBS Bank grow. In 2017, the bank made SGD 4.39 billion in net profits.
| Metric | Value |
|---|---|
| Annual Technology Budget | USD$600 million |
| Net Profit (2017) | SGD 4.39 billion |
| Total Income (2017) | SGD 11.9 billion |
| Income CAGR (2009-2014) | 9% |
| Net Profit CAGR (2009-2014) | 13% |
DBS Treasures leads in wealth management thanks to its digital services. The bank’s focus on digital services improves client experiences and boosts business growth. It sets a new standard in the fast-changing world of wealth tech.
Conclusion
DBS Treasures is a top choice for wealth management, focusing on high-net-worth individuals. It requires a minimum investment of S$350,000, matching UOB Privilege Banking’s entry level. This makes it a strong competitor in Singapore’s wealthy market.
The digital wealth platform of DBS Treasures is unique. It offers advanced tools for managing your portfolio efficiently. This digital approach, along with exclusive market insights and dedicated relationship managers, supports wealth growth.
DBS Treasures also offers great travel perks. Members get a 20% bonus on Singapore Airlines and SilkAir flights. They also have access to the Krisflyer Gold lounge and benefits with luxury hotels. These perks, along with its wealth management services, make DBS Treasures a great option for those who value both financial expertise and lifestyle benefits.
Source Links
- DBS Wealth Management BrandVoice: A Springboard To The World Of The Ultra-Wealthy
- DBS Treasures Review – A one-stop Wealth Management Platform | Financial Horse
- How DBS Treasures is Serving the High Net Worth in the Smart Digital Age
- DBS Bank is rated “Bad” with 1.5 / 5 on Trustpilot
- Exploring Offshore Banks: An Introduction
- Elaborated “DBS iWealth” platform presents to wealth management audience integrated functions via a single dashboard
- DBS Vicker Trading account & DBS Treasures
- Wealth Management Services: Grow Your Wealth| DBS Treasures
- 5 Best Wealth Management Companies in Singapore (2024)
- Complete Guide to Best Singapore Priority Banking Account [2024 Guide]
- Worth it to join DBS treasures?
- DBS Bank is rated “Bad” with 1.5 / 5 on Trustpilot
- Do We Still Need an Advisor When Apps Are So Powerful | Dr Wealth
- mit-cisr-digital-transformation-dbs.pdf
- Best Offshore Banks for High-Net-Worth Individuals in 2024
- Priority Banking Travel Privileges: DBS Treasures – The MileLion
