His question was whether HNW investors would trust their investment wealth with an offshore company that is ultimately under the control of a foreign government. Your cash, your investments, your data?
You might, I would not.
SelfWealth client (Australian) cash is managed in a trust account at the ANZ (designated per client) and Australian client shares are held under a client HIN that can be transferred by the client to another broker. Client data managed by SelfWealth is controlled by Australian laws. Correct? If I want to see what SelfWealth the company is doing I can pick up a company report.
As an investment platform SelfWealth is and has been a genuine competitor to the banks. I personally wouldn't trust some of these competitor products with a dollar of my savings.
But yeah, as an investor SelfWealth has been a poor investment, no contest. They've invested in some features of dubious value. But now they're generating serious cash relative to their market size that may be about to change.
His question was whether HNW investors would trust their...
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| Open | High | Low | Value | Volume |
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Sellers (Offers)
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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