BMP Wealth is regulated by the Hong Kong Securities and Futures Commission (SFC), C.E. No. BIO512, for Type 4 (advising on securities) and type 9 (discretionary management) regulated activities. We are also licensed by the Insurance Authority with an Insurance Broker Company License, number FB1291. This enables us to provide Long Term Insurance (inclusive of Investment Linked) and General Insurance advice. Finally, we are a Registered Mandatory Provident Fund Scheme Authority intermediary, IC001087.
These licenses mean that BMP Wealth can advise on all types of securities, can provide discretionary management services for investment portfolios, can act as your Insurance Broker and as your MPF intermediary. These services are available not only to professional investors but to retail investors as well.
BMP Wealth uses a “limited power of attorney” to manage your money via major global product providers. Whilst BMP provides the advice and portfolio management, your money is held securely with the most suitable major brand. Your BMP Wealth manager can change your investment portfolio as your needs and objectives change, but cannot make withdrawals or close accounts without your specific written instructions. You can be assured that your money is managed safely and securely, under the strict regulatory guidelines laid down by the SFC, backed up in law by the Hong Kong Securities and Futures Ordinance.
BMP Wealth’s insurance services will only recommend to you the most suitable policies, provided by some of the worlds preeminent insurance companies. You can be assured that when the time comes, your policy will pay your beneficiaries in a timely manner. In addition, all our advice is governed by the Insurance Authority’s rules, which is backed by the Hong Kong Insurance Ordinance.
All of our clients have a written Client Agreement outlining our terms and conditions. BMP Wealth managers need to keep up to date records of your personal situation and risk profile to ensure rigorous ongoing compliance. All records are held confidentially and securely to comply with the Hong Kong Privacy Ordinance.
Whilst this could appear arduous, BMP Wealth views retaining and maintaining accurate information as a fundamental part of protecting our clients’ interests. If your situation changes then it is imperative that we keep abreast of this, from something as small as a change of address to more fundamental changes.