Which bank consider stock holdings as AUM for premier banking?

Hey Gabriel,

So far the ones i have dealt with (OCBC and Citibank), consider stock holdings as AUM for premier banking. The banker may request for your proof of holdings (your name, holdings value not later than 3 months). This gives them the 'assurance' that you indeed have 1m (example) in networth.

Cheers

Hi Gabriel,

I would believe almost any bank would consider stock holdings as AUM if you park it under their custody, or as a discretionary portfolio to be managed. Most banks should be able to accept local and foreign shares and have it count towards the AUM total. They'll probably prefer a discretionary portfolio as they can directly manage it and charge a fee for it. It's probably about the revenue they can derive from your dealings with them, that decide if you qualify for premier banking status or not.