DL Securities (HK), a wholly owned subsidiary of Hong Kong-listed asset management and financial services platform DL Holdings Group, will cooperate with DL Digital Family Office HK (DL Digital FO) to upgrade its artificial intelligence (AI) services in securities.
The two companies will complement each other’s strengths, they say, and become the new development engine of the group. In terms of services, existing customers of DL Securities will be able to enjoy the AI digital human service from DL Digital FO for free, it adds, “effectively providing each securities customer with a dedicated digital family office that offers professional consulting at any time”.
Regarding products, the range of investable products available to existing customers of DL Securities will be expanded to include global financial products typically reserved for family office clients, significantly increasing the product portfolio.
In terms of processes, DL Securities will use the digital technology of DL Digital FO to greatly simplify the account opening process and significantly reduce customer acquisition costs.
“As competition in traditional securities business becomes increasingly fierce, acquiring customers through cost reduction has become more challenging,” the companies share. “DL Securities is taking the opposite approach by providing customers with top-tier products and services that have traditionally only been available to family offices, enabling everyone to have their own family office through AI.”