It is calculated based on the average Assets Under Management (AUM) for the preceding 6 months. AUM comprises deposits and investments that fall under all related single/joint/corporate accounts.
No. The service fee applies only if the combined balance of all your accounts held with DBS Treasures Private Client fall below S$1.5 million in the preceding 6 months.
The service fee is S$1,200 per annum. The fee will be split and S$600 will be debited semi-annually in January and July.
For your convenience, the service fee will be debited from the account which you have opened with DBS Treasures Private Client (single or joint) earliest in time. But do let us know if there is a specific account you prefer to use.
No. The service fee is waived so long as the combined balance of all your accounts held with DBS Treasures Private Client is at least S$1.5 million.
Yes, it will be considered as part of the AUM computation.
Aviva Life and MSIG policies are already part of the AUM computation.
Yes. Please share with your Relationship Manager, the details of your preferred account to debit the service fee.
You can contact your Relationship Manager or call our DBS Wealth Management Hotline at 1800 221 1111 (Singapore) or +65 6221 1111 (Overseas) for clarification.
The service fee is closely aligned with the maintenance cost of every DBS Treasures Private Client account. Do reach out to your Relationship Manager should you require further clarification.
To continue to enjoy the benefits and privileges offered by DBS Treasures Private Client, please maintain a combined account balance of S$1.5 million. Please refer to Question 1. Do speak with your Relationship Manager should you need further assistance.
No. AUM is calculated by adding up the balances of all your accounts with DBS Treasures Private Client, be it investment or savings account(s) that are held singly or jointly. The service fee is waived so long as the combined balance is S$1.5 million or more.