Asia’s private banks are increasingly promoting flat-fee advisory offerings, though some in the industry believe that these business units are unlikely to gain significant traction given that the region’s beta-centric HNW clients prefer to pay on a transactional basis. In June, Credit Suisse Private Banking signalled its intention to build its flat-fee advisory operations. According to Credit Suisse’s APAC private…
Verdict out on flat-fee advisory in Asia
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