Schroders Singapore has signed a strategic alliance with Thailand-based Robowealth to extend a range of digital wealth solutions for investors in Thailand.
The partnership will see both parties collaborating to develop customised digital wealth solutions and educational content that will help the long-term investment objectives of the investors.
Schroders will advise the investors on the design of the portfolios and the selection of the underlying funds, leveraging its institutional capabilities in developing multi-asset solutions.
These portfolios will be designed to invest dynamically across a diversified spectrum of asset classes, sectors, themes, and styles to provide sustainable outcomes to Thai investors.
Robowealth will extend the solutions to Thai investors through its digital platforms which offers model portfolio services and mutual fund investment services.
Commenting on the development, Schroders head of Thailand business Arthit Thongchareon said: “We anticipate that digital wealth management will play an increasingly pivotal role for investors in Thailand, and hence this collaboration with Robowealth is an important step forward for us.”
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Schroders Singapore country head Lily Choh remarked that the partnership is integral part of the firm’s strategic plan to deliver an innovative digital investment experience to Thai investors.
Initially, the partnership will launch with a dynamic model portfolio offering on Robowealth’s odini BLACK platform.
This portfolio targets investors with a minimum investment capital of $15,000 and is Thailand-domiciled funds.
The next phase of the partnership, which is set to be launched later this year, will include the roll out of open-architecture suite of curated offshore funds.
Schroders plans to extend the solutions to other Robowealth platforms, as well as collaborate with Robowealth’s partners.
Robowealth Group CEO Chonladet Khemarattana said: “Whilst our partnership with Schroders will initially start with the launch of a differentiated model portfolio on the odini BLACK platform, our goal is to eventually expand the service to cover the other digital wealth platforms we manage, and avail our services to a wider range of investors in Thailand, many of whom are increasingly seeking sustainable growth opportunities and diversification in their investment portfolios.”