Press Release
Saxo Singapore Discontinues Wealth Management Products
Saxo Singapore announced the discontinuation of its wealth management products, SaxoWealthCare and SaxoSelect, notifying clients of the decision.
Clients of Saxo Singapore’s wealth management products were notified through multiple channels including email, SMS, and in-platform messages. In these communications, clients were advised to close their positions and withdraw and/or transfer their funds by 9 December 2024. From 10 December 2024 onwards, SaxoWealthCare and SaxoSelect will no longer be available.
To further support clients, Saxo Singapore has also extended different alternatives to clients to help them stay invested. These alternatives include both options within and outside of Saxo’s offerings.
Saxo Singapore regularly reviews our product offering and has come to the difficult but necessary decision to discontinue our wealth management offering. In this transitional period, our top priority is to ensure clients receive the support they require.
To further support clients, Saxo Singapore has also extended different alternatives to clients to help them stay invested. These alternatives include both options within and outside of Saxo’s offerings.
Saxo Singapore regularly reviews our product offering and has come to the difficult but necessary decision to discontinue our wealth management offering. In this transitional period, our top priority is to ensure clients receive the support they require.
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo’s parent company, Saxo Bank A/S, was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a wholly-owned subsidiary of Saxo Bank A/S, a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, we have expanded our reach to having more than 2500 professionals in financial centers around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: https://www.home.saxo/en-sg
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a wholly-owned subsidiary of Saxo Bank A/S, a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, we have expanded our reach to having more than 2500 professionals in financial centers around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: https://www.home.saxo/en-sg
Vera Lau
Communications and PR Manager, Singapore & Hong Kong
Mobile: +65 9248 7706
Email: VERL@saxomarkets.com
Communications and PR Manager, Singapore & Hong Kong
Mobile: +65 9248 7706
Email: VERL@saxomarkets.com