The platform will only be available for financial advisers working with Investors Trust and will provide them with courses and certifications to expand their skills and professional knowledge.

The platform will run in collaboration with Investors Trust’s partners IE University and the CFA Institute.

Ariel Amigo, chief marketing & distribution officer, said: “We believe education is key to keep growing in an evolving and always changing industry. ITA University is a representation of Investors Trust’s commitment to the development and success of our financial advisers.”

The hub will act as a service point allowing the company to expand its operations in Asia following the closure of the Hong Kong office on 30 June 2023.

Opening the office in Malaysia was a strategic decision that reflects the company’s preference to concentrate their sales and operations functions in one location where ITA is fully licensed.

David Knight, head of distribution Asia at Investors Trust, said: “ The relocation of our Asia hub continues our longstanding commitment to the region and further expands our presence in Malaysia, where ITA Asia Ltd is registered as a licensed Insurer by the Labuan Financial Services Authority.”

The partnership will help advisers with tax, trust, estate, pension, domicile and cross-border planning issues.

Ariel Amigo, chief marketing officer and distribution officer at Investors Trust, said: “All of this means that Investors Trust and QB Partners can provider our advisory network with all the support they need for high net worth client issues and consolidates ITA’s leading position and continues our commitment to grow the business further in the next 20 years.

David White, managing director of QB Partners, added: “Investors Trust has been extremely successful in growing their business in their chosen markets and QB Partners are delighted to have been selected to provide independent technical support to them.

“We are very much looking forward to working with Investors Trust and assisting them and their supporting advisers in achieving the best outcomes for customers.”

The deal will provide products, services and support to financial advisers and clients in the region.

By joining forces, the two companies plan to use their respective expertise to collaborate and offer a better service to advisers in LatAm.

“This is an important milestone in our efforts to use our combined professional experiences to collectively grow and reach new heights in terms of service and distribution,” said Ariel Amigo, chief marketing officer and head of global distribution at Investors Trust.

Elizabeth Rey, chief executive of Aiva, said the partnership will “leverage the complementary strengths” between the two companies, which will “enhance” the value proposition to advisers and clients.

Aiva is a company, which specialises in wealth management solutions for high net worth clients in Latin America and the Caribbean.

Investors Trust is the global brand representing the ITA Group, which is an international group of insurance companies. It has bases in Cayman Islands, Malaysia and Puerto Rico, which was opened in February 2019.

It has taken the bank two years to develop the app technology.

It will allow wealthy customers to set up a multi-currency savings and wealth management account, and requires identity verification and biometric recognition to open an account.

There are five stages after downloading the app; including ID scanning, taking a photograph, creating login details, uploading proof of address and supplying a few personal details.

Applications are processed within one working day and then clients must deposit a minimum of HK$1m (£99,215, $128,000, €115,000) in their wealth management account to use the services.

Clients will have the ability to invest in seven global equities markets, trade 14 currency pairs in real time and transfer funds on the same day across 42 international destinations without charge.

“The first fully virtual wealth management account opening marks a turning point for time-pressed affluent customers in Hong Kong by saving them time previously spent at branches and completing paper forms,” said Ajay Mathur, managing director and head of consumer banking group and wealth management at DBS Hong Kong.

Convenience

But the digital world is not just for clients, as advisers are also benefiting from technological advances.

Investors Trust has unveiled a mobile marketing app for managing businesses “on the go”.

ITA Connect provides financial advisers with access to company news, marketing materials, interactive tools and fund information.

Advisers will also be able to instantly save and share materials from the app.

“Everything is going mobile. IFAs want on the go access so that’s what we gave them,” said Ariel Amigo, chief marketing officer and head of global distribution at Investors Trust.

“We aim to reduce any negative impact on the world and do our part to give back and inspire positive change. This app, while it’s great for mobile business, it’s also better for the environment,”

The firm said that it “is committed to protecting the planet by offering a greener approach to managing business”.