This includes investments in Unit Investment Trust Funds (UITFs) and mutual funds, custody, and segregated portfolios opened and transacted online through its digital investment account opening platform, e-Invest by BPI Wealth.
“Reaching P1 billion in AUM through digitally opened accounts is a strong validation that our digital initiatives are on the right path. It also signifies the Filipinos’ readiness to adapt to technologies that allow them to take control of their financial future through investments,” noted Maria Theresa D. Marcial, president and CEO of BPI Wealth.
Access to high-quality investments
In 2023, BPI Wealth made a significant move toward democratizing access to high-quality investments by lowering the minimum investment for its UITF and mutual funds to P1,000 for peso funds and $100 for dollar funds.
Also, BPI Wealth introduced a fully digital account opening process for retail fund investors, further simplifying the investment journey for clients.
The transformative impact of the e-Invest by BPI Wealth platform on customer onboarding was recognized in the 2024 Digital CX Awards held in Singapore in April 2024.
As of June 2024, more than 20,000 new investment accounts have been opened through e-Invest.
Portfolio Management Account goes digital
Building on this success, BPI Wealth has recently launched a paperless, all-digital end-to-end account opening process for its Portfolio Management Account (PMA).
PMA is an investment vehicle that allows clients to invest in a variety of high-quality securities and investment outlets that have passed BPI Wealth’s stringent accreditation process.
With the addition of PMA, clients can now open an investment portfolio and invest in various tenors for Treasury bills starting at P500,000 via the same platform, www.bpimanagedfunds.com. A client needs only a single PMA to be able to subsequently invest in other available securities such as preferred shares and corporate bonds.
