BPI Wealth ties up with COL Financial

MANILA, Philippines — BPI Wealth, the wealth management unit of the Bank of the Philippine Islands, has partnered with online stockbroker COL Financial to widen the investment options available to Filipino investors.

BPI Wealth said the partnership would make its managed Unit Investment Trust Funds (UITF) accessible on the COL Financial platform by July, which would provide clients a seamless and improved investment experience.

BPI Wealth head of institutional business Yvette Mari De Peralta said the partnership underscores the bank’s commitment in doing more for Filipino investors.

“By collaborating with fund distributors like COL Financial, we are extending our reach to more Filipinos and making expertly managed funds more accessible,” she said in a statement.

“This collaboration aligns with our mission to enhance the lives of Filipinos through investing, by providing them with a broader array of investment options to achieve their financial goals,” she added.

Following the signing of the deal, users of the COL Financial platform now have access to a wide range of investment funds managed by BPI Wealth. This includes equity and fixed income funds with exposure to local and global markets, catering to various risk appetites and investment goals.

Making BPI’s investment funds available on the COL Financial platform would also allow investors to diversify their portfolios further, the bank said.

“Our partnership with BPI Wealth marks a significant milestone for COL Financial. By offering BPI Wealth UITFs on our platform, we are enhancing the investment choices available to our clients – therefore, enabling them to build more robust and diversified portfolios,” Conrado Bate, president and CEO of COL Financial, said.

BPI Wealth is a trust corporation that is a wholly owned subsidiary of BPI. It is authorized to engage in trust, investment management and other fiduciary services.

With a strong capital position and an independent trust governance structure, BPI Wealth is the largest standalone trust corporation in the Philippines, with P1.22 trillion in assets under management.

Meanwhile, COL Financial was established in 1999 with the vision of allowing a low-cost and easily accessible means to invest in the Philippine Stock Market.