Personal Finance
The World Of Luxury Banking
By Seedly  •  June 12, 2018
For the crazy rich, all that glitters is gold. “Private banking” brands the elite and nothing screams affluence more than having an account with UBS. Why do we need to know all of this? I guess we don’t, but sometimes we can’t help but to be a bit kaypoh. Plus you never know, you may strike 4D one day. The Singaporean median household income is $8,846. 12.4% of these are households who earn $20,000 and above a month. That’s a sizeable percentage considering our 5.61 Million large population today. To qualify for private priority banking and not just priority banking, it takes at least $1 Million AUM. What Is AUM? Assets Under Management (AUM) is the total value of assets you have with a bank ......
Read the full article
By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance