This publication brings latest news on product and service launches and business breakthroughs in the Asia-Pacific wealth management sector.

There has been a “first” in the world of robo-advice in Singapore for accredited investors - people with net personal assets of $2 million or an annual income of at least $300,000.

Investors can purchase a position in the diversified risk All Weather Portfolio on the WeInvest robo-advisor platform, partnered with Lighthouse Canton investment manager. 

The WeInvest platform has a service available via a desktop platform or mobile phone.

“We designed our range of investment products specifically to meet investor appetites, drawing on our extensive expertise in the market,” Lighthouse Canton's chief executive, Shilpi Chowdhary, said. “This is a significant day for the investment management community as we turn the page on robo-advisory in Southeast Asia,” Chowdhary added.

The development is another sign of how so-called "robo-advisors" - offering automated asset allocation and other services - are challenging how traditional wealth managers operate. While once thought of as business platforms aimed at the mass affluent population, they are also seen as entering the high net worth segment. (To view a recent article examining the picture, see here.)

Singapore-headquartered Lighthouse Canton is a boutique asset and wealth management company, overseeing around $400 million of assets. WeInvest, meanwhile, is also headquartered in Singapore.