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Chinatrust Launches Family-Centric Wealth Management Products

Vanessa Doctor Asia Correspondent 18 April 2013

Chinatrust Launches Family-Centric Wealth Management Products

Chinatrust, the Taiwan headquartered financial services firm, has unveiled a new range of wealth management products designed to meet the demand for family-based accounts.

In keeping with the "We Are Family" motto, Chinatrust introduced a number of services to meet wealth management needs of all scales, with the lowest required net worth treshold of NT$500,000 ($16,000) to the highest of NT$30 million ($1 million). The family is the main focus of the service, the bank said in a statement.

The accounts are defined by net worth commitments rendered by individual accounts that represent each member of the family unit. They are available in three variants: Family member A, B and C. Three scales of accounts are determined by the cumulative net worth commitment of members at NT$60 million, NT$30 million and NT$6 million. Clients are offered four major advisory services in areas of investment, insurance, tax and real estate.

Clients who are members of Wealth, Wealth Plus and Private schemes may avail of the service, while those under Private and Private Plus schemes will have additional access to concierge services. All will be available through the company's 147 branches across the country.

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