finexis advisory Deputy CEO Irene Ho, “We are incredibly honoured to receive these prestigious awards. They reflect our team’s dedication to delivering exceptional service and expertise. As we continue to innovate, we aim to set new benchmarks in financial advisory excellence.”

A Leading Homegrown Firm With Global Recognition

finexis advisory’s pursuit of excellence has propelled them to rank 5th among all qualifying Singapore companies and 83rd globally in the 2024 MDRT (Million Dollar Round Table) Top 100 companies (Global). MDRT, a prestigious global association, recognises professionals for their exceptional knowledge, strict ethical standards, and outstanding client service.

As the only homegrown financial advisory firm in Singapore to earn a spot in the 2024 MDRT Top 100 rankings, this achievement reflects the exceptional calibre of finexis’ consultants and their commitment to delivering world-class service. This recognition also reflects the firm’s ability to attract top talent in a dynamic financial landscape.

Innovation Driving Award-Winning Technology

Under the leadership of Deputy CEO Irene Ho, finexis advisory is driving innovation and transforming the client experience through the development of cutting-edge digital solutions designed to streamline processes, improve efficiency, and foster meaningful client engagement.

The Financial Dreams Manager is an interactive tool that allows clients to visualise and assess their financial goals, deepening their involvement in the planning process. The finConnect mobile app provides seamless access to financial information, enhancing transparency and convenience.

The digitalisation of the eKYC process has significantly reduced the time needed for client onboarding, verification, and compliance checks, while the integrated WhatsApp chatbot ensures consultants receive timely support to address queries and work more effectively.

“These digital solutions have transformed the way we engage with clients and deliver value, improving efficiency by more than 30%. By automating routine tasks and offering intuitive tools, we enable our consultants to focus on building stronger client relationships and delivering expert advice that’s in the best interest of the clients,” Irene Ho noted.

Commitment To Clients

At the heart of finexis advisory’s success is its focus on putting clients first. With over 800 consultants, finexis empowers its consultants to offer unbiased advice by leveraging partnerships with over 79 international fund houses, 19 life insurance companies, 32 general insurance companies, and 16 banks through mortgage partners. These extensive partnerships provide consultants with access to an extensive range of financial products, enabling them to deliver comprehensive solutions tailored to each client’s unique financial needs and goals.

Path Ahead

finexis advisory remains steadfast in its commitment to innovation, service excellence, and client satisfaction. As the firm continues its mission of impacting lives beyond finance, it is focused on expanding its capabilities and market reach while staying true to its core values of client focus and independence.

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The firm has also earned the distinction of being the “Most Innovative Homegrown Financial Advisory Firm 2023” by the International Finance Awards, due to its efforts in the arena of digital transformation in financial advisory, marked by resilience, adaptability, and foresight.

Rising To The Occasion

As the COVID-19 pandemic in 2020 posed unprecedented challenges in the financial sector, finexis advisory enhanced its digital capabilities to support its extensive network of over 700 financial advisors and their clients.

finexis advisory’s digital strategy consists of digital tools designed to enhance the financial planning experience and foster stronger relationships between the company’s financial consultants and their clients.

The strategy also includes a Financial Dreams Manager tool that can simulate the feasibility of a client’s financial goals and dreams, a client mobile app, and an electronic Know Your Customer (eKYC) application.

finexis advisory has also become the first financial advisory firm in Singapore to launch a WhatsApp chatbot integrated with ChatGPT.

Testament To Innovation

During an interaction with International Finance, finexis advisory (SG) Deputy CEO Irene Ho said, “Our recognition as the Most Innovative Homegrown Financial Advisory Firm 2023 is a testament to our journey of growth and innovation. At finexis, we’re not just embracing digital transformation; we’re actively shaping it to align with our core values of client-centric service. This award reflects our team’s dedication and our commitment to staying ahead in a dynamic financial landscape.”

The digital enhancements have allowed advisors to focus more on understanding the needs of the client and providing tailored financial strategies and personalised advice.

The eKYC process has reduced the time required for client onboarding, verification and compliance checks.

While the use of the Financial Dreams Manager tool facilitates better client engagement, the client mobile app allows faster access to financial information. Moreover, the integration of the WhatsApp chatbot has enabled advisors to swiftly receive responses to address client’s enquiries during their review.

The firm has also improved its advisor efficiency by at least 30%, apart from enhancing client interactions.

Fastest Growing HNWI Advisory

For two consecutive years, finexis advisory (HK) has earned the recognition of being the “Fastest Growing High Net Worth Advisory”, a milestone which highlights the venture’s expertise in serving high-net-worth individuals (HNWIs).

Speaking about the success, finexis advisory (HK) CEO Amy Chong told International Finance, “Our consistent growth is a clear indication of our acute market sensitivity and successful strategy formulation. We deeply appreciate the recognition from our partners and are committed to continuing to create higher value for the market and our partners in the future.”

finexis advisory (HK) has developed integrated wealth management services that encompass both personal and corporate financial planning through a suite of professional and tailor-made financial products.

The venture has harboured partnerships with over 45 international fund houses, 40 insurance companies, four investment platforms, and five international banks to offer over 400 professionally managed funds.

finexis advisory (HK) has been proactive in expanding its market presence, while understanding the ever-changing needs of the financial sector, exploring new markets and forging new business partnerships.

The company’s expansion into jurisdictions like Bermuda and Luxembourg reflects their commitment to adapting to the evolving needs of the HNWI clientele, while going beyond traditional solutions. This approach to market expansion is anchored in the firm’s philosophy of fostering new relationships, gaining new insights, and exploring new territories with courage and foresight.

The Road Ahead

As a process-driven company, finexis advisory is continuously enhancing its systems and operations with a focus on improving customer experiences.

The venture’s motto, “Sustainable growth is derived from Happy Customers,” underscores its strategy for client retention and the resultant success in a competitive market.

The combined achievements of both Singapore and Hong Kong branches have set new industry standards, thereby marking a path of transformation and growth for the firm in the global financial landscape.

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He observes: “It was a relatively sudden jump, and, of course, positive news for those currently holding Bitcoin.

“However, the price only reached the top of the trading range and investors should not be popping champagne corks just yet.”

Mr Green continues: “There are three likely drivers of bitcoin’s price spike.

“First, there are widely published reports that according to a leaked interview with a commissioner, a bitcoin ETF could imminently secure approval from the U.S. securities watchdog.

“Second, the development of the lightning network which will dramatically improve bitcoin’s well-documented scalability issues, allowing it to move towards mass adoption.

“And third, the 2020 bitcoin halving.  The code for mining bitcoin halves around every four years and the next one is set for May 2020. When the code halves, miners receive 50 per cent fewer coins every few minutes.  History shows that there is typically a considerable bitcoin surge resulting from halving events.”

The deVere CEO concludes: “Bitcoin is the flagship cryptocurrency and, as such, we can expect when its values climb, it will drive prices of other major digital currencies such as Ethereum and XRP.”

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