OCBC Tells Clients to Match Assets to Their Financial Goals

Owning a mix of deposits, bonds, mutual funds and gold does not automatically make an investment portfolio diversified, according to OCBC.

Stephanie Kristanto, head of OCBC’s Premier Banking segment, said wealth planning should begin with the client’s financial goals. Money needed in the short term requires a different strategy from funds intended for a child’s education or retirement.

“The focus of wealth management is not only on what products are owned, but on how each asset can play a role in achieving the client’s financial goals,” Stephanie said.

She said clients should assess their entire portfolio as one unit. Each asset has its own characteristics and risks, including its level of liquidity and its function within the portfolio. The aim is for assets to complement one another, rather than simply increase the number of investment products held.

OCBC also recommends reviewing portfolios regularly. Market conditions, financial needs and a client’s stage of life can all change, making a previously suitable investment strategy require adjustment.

To support that process, the bank provides a Wealth Report that clients can use with their relationship managers during investment reviews. The report helps them assess their portfolio and identify areas that could be improved. Clients can then decide whether their asset mix still matches their financial goals and adjust their investment strategy when their needs or market conditions change.

“

The focus of wealth management is not only on what products are owned, but on how each asset can play a role in achieving the client’s financial goals.