Wealth management platform Finnomena, Franklin Templeton to bring investment solutions to Thai investors

THAILAND-BASED digital wealth management platform Finnomena on Monday announced a business partnership with global asset management firm Franklin Templeton.

The collaboration will focus on bringing investment solutions provided via Finnomena's digital platform, as well as access to investment insights by Franklin Templeton Academy, an education programme which offers a global investment curriculum, both firms said in a joint statement. Finnomena plans to expand its private banking target segment in Q1 2021 with an initial customised portfolio involving a minimum client outlay of 10 million baht .

In the second half of the year, the startup is also looking to embark on a"unique approach to goals-based wealth management" with Franklin Templeton, targeted at the mass retail and affluent segment for clients with at least 500,000 baht, or about US$16,660 in assets, the companies said. The solution from Franklin Templeton reflects a patent pending approach to goal optimisation, with further potential to broaden the use of this technology, they added.

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