Chitchat Not just for the super rich: 8 in 10 DBS retail customers get dedicated wealth planning managers

[Si1verwolf]

Because they want your money to hit their KPI and increase their AUM.

Not because of any other reason. Definitely not due to altruism or because you're a highly valued customer or you're high net worth.

Hence they have every reason to be more inclusive and cast their net wider. It makes no sense for them to act all high society and turn up their noses at you and deny themselves the money available from the everyday man-on-the-street.

If you have a home loan with them which you just paid off after selling your property, one of these dedicated wealth managers will be sure to call you to ask if you'd like to invest the sales proceeds with them to "secure your retirement needs".

It's very easy to see past all this charade. Because of all the obvious PR and marketing publicity shitty times is providing for them and also because in Singapore you're nothing more than a commodity to be exploited, used and milked dry. This is an inconvenient truth *LOL*

Not just for the super rich: 8 in 10 DBS retail customers get dedicated wealth planning managers​

https://www.straitstimes.com/busine...tomers-get-dedicated-wealth-planning-managers

 

[tobelightlight]

It's very easy to see past all this charade. Because in Singapore you're nothing more than a commodity to be exploited, used and milked dry. This is an inconvenient truth *LOL*

Agreed!

 

[winnipegjets]

What value does a wealth manager provide?

 

[KingFook Sr]

What value does a wealth manager provide?

To teach you to do what you are already doing.

 

[50000]

smokescreen reporting... just to make the silly sinkie feel good.... for every 8 of these retail customers, they are aiming for 1 super duper rich PRC money launderer or shitskin gold horder. those are the customers they will provide super service. for the 8, they will just occasionally get a phone call and email

 

[Si1verwolf]

https://www.straitstimes.com/busine...tomers-get-dedicated-wealth-planning-managers
DBS Bank customer Lim Mei Luan was pleasantly surprised when she received an e-mail from the bank a few months ago informing her that she had been assigned a wealth planning manager.

“I thought wealth planning managers assist only high-net-worth customers,” she said.


That's right Mei Luan. That's how they want to make you feel. That you're "high-net-worth". *LOL*

Butter you up, massage your ego, give you a cup of latte from the capsule coffee machine in their "premier lounge". The outlay for them is negligible compared to the hundreds of thousands of dollars that you'll hand over to them.

It's a VERY very good deal. For them, not you. *LOL*

 

[WangChuk]

super rich put money in bank earn interests or invest earn dividends ... WPMs no income serving them one .... only those less money type customers then will nonstop invest speculate shares and trusts to create turn-overs and deals for WPMs to take commissions and earn big $$$ .... of course they dedicate these WPMs to the less money type customers and not super rich type lah ....

 

[laksaboy]

Yes, I have seen very dedicated POSB employees psycho'ing old farts to buy an investment product.

 

[k1976]

Because they want your money to hit their KPI and increase their AUM.

Not because of any other reason. Definitely not due to altruism or because you're a highly valued customer or you're high net worth.

Hence they have every reason to be more inclusive and cast their net wider. It makes no sense for them to act all high society and turn up their noses at you and deny themselves the money available from the everyday man-on-the-street.

If you have a home loan with them which you just paid off after selling your property, one of these dedicated wealth managers will be sure to call you to ask if you'd like to invest the sales proceeds with them to "secure your retirement needs".

It's very easy to see past all this charade. Because of all the obvious PR and marketing publicity shitty times is providing for them and also because in Singapore you're nothing more than a commodity to be exploited, used and milked dry. This is an inconvenient truth *LOL*

Not just for the super rich: 8 in 10 DBS retail customers get dedicated wealth planning managers​

https://www.straitstimes.com/busine...tomers-get-dedicated-wealth-planning-managers

Meaning over staff?

 

[Narong Wongwan]

Got 200k can be treasures customer liao

 

[k1976]

Got 200k can be treasures

Wow

 

[50000]

Yes, I have seen very dedicated POSB employees psycho'ing old farts to buy an investment product.

yah, 99% of the time, they don't even know what the fuck they are explaining

 

[Si1verwolf]

You can count with the fingers of just one hand the number of people whose wealth were actually multiplied by "wealth managers". *LOL*

Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over $1 million​

https://www.straitstimes.com/singap...ting-7-victims-including-his-uncle-of-over-1m

 

[k1976]

yah, 99% of the time, they don't even know what the fuck they are explaining

Smoke Pot 76mm in action…

 

[k1976]

yah, 99% of the time, they don't even know what the fuck they are explaining

Most of the time these XXM just want to hook some Lao hero clients or some Handsome 富二代？

 

[k1976]

Like that use Claude to invest is much easier, faster and cheaper mah

 

[Si1verwolf]

Hmmm...

https://www.justclick.sg/sgbreaking...ager-offers-her-body-for-sale-at-3500-monthly

 

[k1976]

Hmmm...

https://www.justclick.sg/sgbreaking...ager-offers-her-body-for-sale-at-3500-monthly

Many many good savvy investments products to sell to Hardland Coolie gene???

 

[k1976]

Agreed!

Sugar Cane squeezing miracle
AMdK and Jew master races are very Surprise by sheep super conforming mindset

 

[True Believer]

There are far too many bank relationship managers in SG. They have to prospect everyone with more than 2 cents to rub between their fingers.