Winners rationale

In a year of exceptional disruptions in 2020, Taurus Wealth Advisors continued to win clients’ trust by offering resilient discretionary portfolios, dispensing holistic investment advice, and handholding clients during challenging periods.

Being bank agnostic, Taurus Wealth Advisors discusses financial goals and formulates tailored investment strategies based on clients’ risk profiles. It constructs portfolios with in-house ideas and strategies as well as those curated from multiple financial institutions. Risk management is front and centre of its investment approach aimed at ensuring wealth preservation for clients. It is an approach which permeates both the handling of clients’ investment portfolios as well as in-house fund strategies.

As of November 2020, the wealth manager’s DPM clients remained in a strong and resilient position with most clients’ portfolios staying in positive territory. In the meantime, new client sign-ups grew 2.5 times more in 2020 than a year earlier, helping bring the assets serviced under advisory and discretionary mandates to around US$2 billion — testament to the continuity in the firm’s business processes.

In its boutique and bespoke approach to client coverage, Taurus places significant emphasis on its governance and resourcing model. It makes sure that the delivery of business and services is in line with regulatory requirements and in clients’ best interests. Fully aware that clients often find it difficult to review and monitor investments on an aggregated basis — especially when they have multiple private banking accounts — the wealth manager consolidates all portfolio and trade information, so that clients have a detailed and multi-dimensional view of their investments and receive holistic advice on their overall investment portfolios.

In 2020, Taurus went further down the path of digital innovation to enhance the investment experience of clients. It was the first authorised member participant of the blockchain-based BondbloX Bond Exchange (BBX), and it is eager to bring more blockchain-based initiatives to end clients. Besides it, the firm also had plans to extend to its clients a digitally managed portfolio proposition that adhered to its own established norms of investment and risk management, with sufficient technological rigour and automation.

Taurus Wealth Advisors is Asian Private Banker’s Best Independent Wealth Manager – Discretionary Portfolio Management for 2020.