Tisco sees jump in high-net-worth AUM

In the first eight months of this year, the number of high-net-worth clients (whose investments range from Bt20 million to Bt40 million) increased 16 per cent from end-2010, to 300 accounts, while combined assets rose by more than 10 per cent to nearly Bt9 billion.

Saharat Chudsuwan, senior vice president and head of marketing and wealth advisory for mutual and private funds, attributed the growth to higher demand for professional advice on investment.

He said Tisco had attracted sizeable investment because of the vast selection of investment choices for each client. These clients, unlike institutional investors that are more concerned about management fees, focus more on service quality and returns that must beat inflation, he added.

Tisco, with combined value of private funds under management of more than Bt40 billion, is now the second in the industry. Its clients cover government agencies, institutional investors, wealthy clients, foundations and cooperatives, as well as listed and non-listed companies.