DBS Treasures benefit?

[tesarise]

I'll be sure to drop out from Treasures if the functions in iWeath app are no longer the same after merging with digibank app.
What's the point of staying with Treasures today. lol.

so having a diff app to feel satki is the only reason you join?

 

[dexboi]

You guys are misunderstanding me. It's the iWeath/Wealth Management/OET feature that I don't think digibank app has it.

https://www.dbs.com.sg/treasures/investments/product-suite/digital-platform/wma

 

[tesarise]

You guys are misunderstanding me. It's the iWeath/Wealth Management/trading portfolio feature that I don't think digibank app has it.

https://www.dbs.com.sg/treasures/investments/product-suite/digital-platform/wma

Oh don't think they will be that stupid. Suspect more likely just combine codebase between the apps but enabling different modules.
This is just my personal guess as an IT person.

 

[sk0065]

asia treasures diff thing...

Aum should be 1.5M sgd

 

[reddevil0728]

You guys are misunderstanding me. It's the iWeath/Wealth Management/OET feature that I don't think digibank app has it.

https://www.dbs.com.sg/treasures/investments/product-suite/digital-platform/wma

You certainly didn't make it easy to understand?

so because of that you will quit treasures???

 

[reddevil0728]

Aum should be 1.5M sgd

that's TPC. diff from asia treasures.

 

[sk0065]

that's TPC. diff from asia treasures.

same la.
They changed name recently.
from Asian treasures to tpc

It’s still the same tier

private client
Tpc
Dbst
Consumer banking

 

[reddevil0728]

same la.
They changed name recently.
from Asian treasures to tpc

It’s still the same tier

private client
Tpc
Dbst
Consumer banking

https://www.dbs.com.sg/treasures-private-client/privileges/asia-treasures
This is Asia Treasures. Asia Treasures is more like a "perk"

In terms of tier it is

Consumer
Treasures
Treasures Private Client
Private Banking

 

[sk0065]

https://www.dbs.com.sg/treasures-private-client/privileges/asia-treasures
This is Asia Treasures. Asia Treasures is more like a "perk"

In terms of tier it is

Consumer
Treasures
Treasures Private Client
Private Banking

Then the perk is extended to which tier?
Private and tpc right?

 

[reddevil0728]

Then the perk is extended to which tier?
Private and tpc right?

if you want to conflate it that way sure.

 

[sk0065]

if you want to conflate it that way sure.

U seemed very sure.
Are you a DBS RM or a client ?

I apologize if I’m mistaken.

 

[bazingaman]

Soon the wealth app will be changed / consolidated to digibank.

 

[skpuppy]

I think it is not about how we classify clients but rather are you really sincere in providing services or you are treating clients like suckers. If my mentality is to treat you like suckers then it doesn’t matter if you are the consumer, Treasures, Treasures Private Client, Private Banking. In the real life, ppl can move up the level and also down the level. Unless you tell me Treasures Private Client cannot move down to Treasures and Treasures cannot move up to Private Banking?

it is about the sincerity right? If bank’s mentality is to think of how to provide **** services and carrot clients, eventually they will fail. Just take Apple vs SingTel/ SPH etc…

 

[tesarise]

I think it is not about how we classify clients but rather are you really sincere in providing services or you are treating clients like suckers. If my mentality is to treat you like suckers then it doesn’t matter if you are the consumer, Treasures, Treasures Private Client, Private Banking. In the real life, ppl can move up the level and also down the level. Unless you tell me Treasures Private Client cannot move down to Treasures and Treasures cannot move up to Private Banking?

it is about the sincerity right? If bank’s mentality is to think of how to provide **** services and carrot clients, eventually they will fail. Just take Apple vs SingTel/ SPH etc…

sounds like DBS mistreated you. Can share more details how they tried to treat you like suckers?

 

[skpuppy]

sounds like DBS mistreated you. Can share more details how they tried to treat you like suckers?

Not mistreat me la. What I meant is the way they charge their clients for custody fees and their high transaction fees etc…This kind short term can milk everyone and improve their books but long term ppl will run away.
For me, very simple. Just focus on making $$. Someone will come disrupt the ecosystem. Remember how much our local telco charge us high price for mobile and pay tv? In the end other telco and Netflix/ Disney disrupted them. Prior to this, those apple distributors also do a lot of stunts to sell apple products. In the end, apple came to setup stores. Similarly to how Facebook destroyed SPH and how Amazon/ Lazada/ Shoppee disrupted retailers. Lol! Matter of time someone will come in and offer better and more value services.

 

[tesarise]

Not mistreat me la. What I meant is the way they charge their clients for custody fees and their high transaction fees etc…This kind short term can milk everyone and improve their books but long term ppl will run away.
For me, very simple. Just focus on making $$. Someone will come disrupt the ecosystem. Remember how much our local telco charge us high price for mobile and pay tv? In the end other telco and Netflix/ Disney disrupted them. Prior to this, those apple distributors also do a lot of stunts to sell apple products. In the end, apple came to setup stores. Similarly to how Facebook destroyed SPH and how Amazon/ Lazada/ Shoppee disrupted retailers. Lol! Matter of time someone will come in and offer better and more value services.

That is why nobody should use DBS Treasures to buy overseas securities lol. Their SG offering is quite competitive though.

 

[skpuppy]

That is why nobody should use DBS Treasures to buy overseas securities lol. Their SG offering is quite competitive though.

Yeah! SG securities offering are good. However, it may change. Just like how they charge custodian fees for overseas securities (last time is FOC). I think they are also going to phase out iwealth app and use the DBS digital apps.

 

[reddevil0728]

Yeah! SG securities offering are good. However, it may change. Just like how they charge custodian fees for overseas securities (last time is FOC). I think they are also going to phase out iwealth app and use the DBS digital apps.

the app not material what

 

[tesarise]

Yeah! SG securities offering are good. However, it may change. Just like how they charge custodian fees for overseas securities (last time is FOC). I think they are also going to phase out iwealth app and use the DBS digital apps.

the app not material what

I agree. wait for the app to be rolled out first before passing judgement.

 

[sarhh79]

it is only worth joining them if you are at least treasure private client level. the normal treasures level for $250k above is not worth it. the research on their platform is not good. by the time they have a piece of research out, the markets have already moved and you won't gain a lot. and the research is not even that fantastic in the first place.

not to mention their better RMs are in the treasures private client level, and sorry to say, the normal treasures are the 'leftovers' other banks don't want, private uni grads who are not very smart, or the bankers who used to be from consumer banking who built their careers selling products to old people and retirees who don't need it. they still think this is the way to go and the younger generation are all smarter than them.

don't bother with normal dbs treasures. they will just suck ur money and all my friends kanna... wait till u are private client level. if u can't reach private client level in the first place, being in normal treasures won't benefit u much anyway..