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Bronte Financial releases the Business Standards Committee Impact Report

(HONG KONG): Bronte Financial is a leading Private Wealth Management company located within the very heart of the vibrant city of Hong Kong. Bronte Financial today announced the publication of the Business Standards Committee (BSC) Impact Report.
 
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    HONG KONG, January 20, 2014 /24-7PressRelease/ -- The report discusses the changes the firm made as a result of the BSC and their impact.

In September 2010, Bronte Financial announced the creation of the Business Standards Committee to conduct an extensive review of our business standards and practices. In January 2011, we published the report of the BSC, which made 12 recommendations for change, spanning client service, conflicts and business selection, committee governance, training and professional development and employee evaluation and incentives. In February this year, we completed the full implementation of each of the recommendations.

"The work underlying the BSC is part of a much larger, ongoing commitment to be open to change and to learn the right lessons from recent experiences," said Charles Bronte, Managing Director and Chief Executive Officer. "We believe that these attributes of our culture provide the foundation on which to sustain the spirit and the impact of the changes we have made in order to meet the long-term needs of our clients and continually improve as a financial institution."

Bronte Financial identified three unifying themes across the 12 BSC recommendations which capture the elements of greatest change and impact on the firm: A higher standard of client care, greater sensitivity and awareness of reputational risk and a deeper commitment to individual and collective accountability.

Bronte Financial's Vice President, Mr. Devon Bullard said "Bronte Financial have elevated the standard of client care in our business. In addition to a renewed focus on client service, long-term client relationships and communication with our clients, we require greater individual accountability for clients and their interests. The impact of these and other changes discussed in the report means that for all our employees the experience of initiating, approving and executing a transaction for a client at Bronte Financial is now fundamentally different".

Bronte Financial's Head of Compliance, Mr. Jack Wilkes said "This difference reflects significant changes to processes, business standards, documentation and transaction approvals, all of which impact our approach to decision-making. Going forward, we respond in a way that meets the high expectations of our clients, shareholders, other stakeholders, regulators and the broader public".

In addition to the report, we have made additional material related to the impact of the BSC available on our website. The material includes video excerpts from the Chairman's Forum, a discussion on the impact of the Client and Business Standards Committee and an example of a life cycle of a client transaction.

Bronte Financial is an independent boutique Offshore Private Wealth Management firm that takes pride in the fact that we are not fixed to any brokerage-endorsed investment products or any of their ultimate providers.

Bronte Financial was founded Edward and Charles Bronte as Bronte & Son, and was renamed Bronte Financial in 2004 following the death of Edward Bronte.

With over 25 years of experience, you can draw great comfort from the fact that each and every investment plan we build is 100% bereft of vested interests and completely bespoke to the needs of the individual, family or business for which it is planned.

Even though we provide traditional investments including bonds, stocks and their cash equivalents, we are not wedded to the past. In today's dynamic financial environment, it demands the propensity and willingness to embrace flexibility, therefore we also seek to offer what can be referred to as alternative investments, since diversity in investments at this level can affect your financial future in the years ahead.

We believe in open-ness and transparency, meaning Bronte Financial is always happy to work alongside any trusted professional that our clients currently employ for matters such as charitable giving or tax and estate planning.



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Contact Information:
Mark Lim
Bronte Financial

Hong Kong
Hong Kong
Voice: +852 3014 4982
E-Mail: Email us Here
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