The independent investment house in Singapore is to provide service offerings to the wealth planning firm serving local HNW individuals and expats.

Chartwell Associates, the financial planning firm, is partnering with fellow Singaporean business Crossbridge Capital to offer investments in the city-state and other parts of Southeast Asia. 

Crossbridge will provide Chartwell’s advisors access to a range of funds and investment products across equities, funds, fixed income, exchange traded funds and foreign exchange.

The Crossbridge investment platform includes custodian and clearing facilities. Chartwell’s advisors can also analyse and monitor clients’ accounts with a business-to-business version of Crossbridge Capital’s CONNECT digital platform, Chartwell said in a statement yesterday. (To see an article about that platform's launch, see here.)

The deal is also a boost for Crossbridge, a business founded in 2008 and now overseeing more than $3 billion of client money. In Chartwell’s case, the firm was established in 2005 and is independently owned. It specialises in serving high net worth Singaporeans and expats.

Crossbridge is an example of the kind of external asset management firm growing in size and number in the Asia region, formed as some wealth management professionals break away from traditional big banks to chart their own business course. This publication has produced research on this topic.