facebookWhat constitutes to Priority banking AUM? - Seedly

Anonymous

08 Jun 2020

Saving Hacks

What constitutes to Priority banking AUM?

I am thinking of HSBC advance account and Citi Priority. Does anyone knows what constitutes to the AUM (stocks and cash)? Or must be fresh funds?
For stocks, does those held in CDP goes towards the calculation of AUM?

Discussion (1)

What are your thoughts?

Learn how to style your text

Gabriel Tham

08 Jun 2020

Tag Team Member at Kenichi Tag Team

Usually its your cash deposits + unit trusts (sold by that bank) + insurance (from that bank). Some bank consider outstanding home loan too.

For referral gift or cash gift promo, need fresh funds.

CDP not counted because the bank cannot touch them. Only if you transfer into the bank custody for collateral for margin.

Write your thoughts