AllocateRite, a New York FinTech company that provides asset managers with dynamic asset allocations employed through ETF-based investment strategies, has launched a Mandarin version of its fully automated digital asset management platform and marketing website designed for the Chinese market.
“Our goal is simple. AllocateRite wants to provide asset managers with the digital solutions to successfully compete for customers of every size,” says Bala Shagrithaya, CEO, AllocateRite. “China comes in first in the use of FinTech services across the top twenty major economies. However, the Chinese population is financially underserved when it comes to investment alternatives. China has leap-frogged into the digital stage without giving financial intermediaries much of a chance to serve them. We see this as a perfect opportunity for introducing our customer-centred business model and lifestyle to the Chinese marketplace.
“This localised version of the platform makes it that much easier for spreading the word. Our clients maintain full discretion, custody and control of their accounts/assets held with existing broker dealers/custodians. And the fact that client’s funds stay where they are and never transferred to us further aligns with the current regulatory environment in China. Our focus is on delivering smart strategies that provide capital preservation, growth and income generation for all investors, regardless of age, wealth or status.”
