For more than 30 years, “Heavenly King” Aaron Kwok has been entertaining audiences in Hong Kong, Asia and around the world and entrusting HSBC to look after his wealth. Recently taking on the lead role of HSBC Jade Ambassador, Kwok is a genuine fan of the bank’s latest four wealth services: Wealth Portfolio Intelligence Service (WPIS), Wealth Financing Solutions, Legacy Planning Solution and International Accessibility.
“HSBC has been there for me when I needed them, whether it be financial planning for my family, international banking services or personalised support for my car-collecting hobby,” says Kwok, who also appreciates the personal service that comes with being an HSBC Jade client. “My HSBC Jade Director is very pleasant, approachable and thoughtful.”
With a dedicated HSBC Jade Director who serves as a personal financial advisor and relationship manager, HSBC Jade clients can enjoy the unique benefits of the award-winning Wealth Portfolio Intelligence Service (WPIS), an all-in-one risk-analysis, portfolio-management and transaction-service analytical investment tool.
“All HSBC Jade Directors receive rigorous training, have a clear understanding of investment and financial-management knowledge and know the latest market information,” says Brian Hui, Head of Customer Proposition and Marketing, Wealth and Personal Banking, Hong Kong. “They will analyse the client’s investment portfolio, and provide full and comprehensive financial-management advice according to different needs and requirements.
“Our HSBC Jade Directors also conduct frequent training seminars with other overseas Jade Directors to ensure that there is best-practice sharing, and to continuously add value to their financial-management and market knowledge.” WPIS enables a better understanding of clients’ portfolios across a wide range of assets, using risk analytics and stress tests, and supported by their dedicated HSBC Jade Director’s insights and expertise. HSBC WPIS won top honours as the Wealth Management Platform of the Year at the Asian Banking & Finance Retail Banking Awards in 2019.
Whenever the need for capturing opportunities arises, HSBC Jade offers two wealth-financing solutions – Wealth Portfolio Lending and Unit Trusts Investment Financing – to give clients greater financial flexibility to meet their increasingly complex lending and investment needs.
Wealth Portfolio Lending – commonly known as Lombard Lending and traditionally available only to Private Banking clients – offers HSBC Jade clients a readily available credit facility of up to HK$40 million, depending on the collateral value of their eligible assets, and can be used for most purposes with very few restrictions. The wide range of assets includes time deposits, bonds, equities, and unit trusts, which are eligible for obtaining the credit facility.
With no fees or interest until drawdown, clients can meet their personal goals or other liquidity needs immediately without disrupting long-term strategies. They can access these funds for a variety of requirements, such as tax payments, property purchases, financing a business or studying overseas, without the need to liquidate.
HSBC Jade clients can also make use of Unit Trusts Investment Financing^ to enhance potential returns with additional leverage for purchasing a diverse array of open-end funds such as equity dividend, fixed-income and income-driven multi-asset funds. Clients will have access to a loan facility once they open and transfer assets to an Investment Financing account.
Both wealth-financing solutions offer clients more flexibility and wealth-growth opportunities, provided that relevant risks such as interest rate risk and liquidity risk are being considered. HSBC Jade Directors will explain the risks involved in wealth-financing and help clients select suitable products with the right level of risk tolerance.
The Jade Global Generations Universal Life Insurance# solution lets clients plan and invest flexibly for their family’s future. It can be customised to meet a wide range of needs to safeguard clients’ loved ones across multiple generations, and provides a choice of policy currencies and currency switch, and change of life-insured for multi-generational planning; clients can also nominate a charity to give a charitable gift.
Moreover, clients in Hong Kong, mainland China or Singapore can enjoy the same Jade status benefits on a comprehensive range of products and services with the HSBC Jade Passport, without any local-account minimum requirements. Clients also have access to HSBC Jade Centres, as well as HSBC Jade exclusive products, preferential rates and an enhanced level of services in these three markets.
“As I travel around the world because of my job, with the HSBC Jade Debit Card I don’t need to exchange the local currency in advance, and if I need a lot of local money I can go to a Jade Centre in that country, such as Canada/US, and get it with no handling charges,” says Kwok.*
“There was a time that I needed to sign a very important agreement in Shanghai, so I contacted my HSBC Jade Director in Hong Kong, who then managed to obtain support from the HSBC Shanghai team to assist me with some arrangements.
“The HSBC Shanghai team soon arrived at the convention centre in Shanghai and helped me to sort out everything. I really appreciate the promptness and can feel the infinite support from them. It’s great that HSBC can help me whenever I need it.”*
^Investment involves risks. Unit Trusts are investment products and some may involve derivatives, and are not equivalent to time deposits. There would be a higher level of risks and potential greater losses if you decide to use any loan amount for reinvestment. The information provided does not constitute any form of solicitation/recommendation of any investment products or lending products.
#Jade Global Generation Universal Life is a universal life insurance plan underwritten by HSBC Life (International) Limited (“HSBC Life”), a company incorporated in Bermuda with limited liability. It is not equivalent to a bank deposit or savings. Policyholders are subject to credit risk of HSBC Life. Early surrender may be subject to significant charges and proceeds received may be much less than the premium paid. HSBC Life is authorised and regulated by the Insurance Authority to carry on long-term insurance business in Hong Kong SAR. The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) is an insurance agent of HSBC Life. The plan is a product of HSBC Life but not HSBC and it is intended only for sale in the Hong Kong SAR. For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the product should be resolved between HSBC Life and you directly.
*Providing service to HSBC clients outside Hong Kong is subject to applicable legal and regulatory requirements, and terms and conditions. The availability of such service will depend on the particular circumstances.
Investment involves risks. Terms & Conditions apply to the abovementioned services. To borrow or not to borrow? Borrow only if you can repay!