Metrobank offers wealth management service

Metropolitan Bank and Trust Co. (Metrobank) is offering its clients a  wealth management program as an option to better manage their personal investments.

Metrobank executive vice president and trust banking group head Josefina Sulit said individual or institutional investors are faced with a multitude of investment choices in both the foreign and domestic markets.

“Along with more investment options comes the need for a higher level of service with thorough knowledge of the investment landscape,” Sulit said in a statement.

To deal with the confusion, Sulit said Metrobank is offering Exclusive, a wealth management service that provides clients with a good direction on how to handle their personal investments.

Exclusive offers a comprehensive analysis of a client’s personal financial situation in order to give a customized solution through an array of trust and investment products designed for wealth enhancement, wealth  protection, or wealth distribution that matches the client’s risk tolerance.

 “Wealth management is not just about wealth and investments.  It is first and foremost, about the client,” Sulit said, adding that the key to effective wealth management is a trusting relationship between the client and the bank  represented by a relationship officer.

Metrobank’s wealth management instrument also offers a unique concierge service through its partnership with International SOS, a world leader in providing medical assistance, international healthcare, security services, and outsourced customer service.

Clients will also receive a Metrobank Platinum card as well as priority service and discounts on executive check-up packages from Manila Doctors Hospital.

In the past five years, the bank claims that wealth management clients have earned an above-market average return of eight to one percent per annum net for peso investments and annual gains of six- to eight-percent for dollar investments.

Its trust banking group reported a 30-percent growth in assets under management (AUM) to P143 billion in 2007.

“On the whole, Metrobank wealth management capitalizes on its partnership with the clients by focusing on the family financial welfare and ensuring the seamless transfer or extension of wealth to the next generation.  In so doing, the  bank fulfills its promise of keeping clients in good hands,” added Sulit.

Metrobank reported consolidated assets of P677.96 billion and a consolidated net income of P1.76 billion for the period ending March 30, 2008.