SINGAPORE (Nov 8): Charles Schwab today announced the launch of its Singapore office, Charles Schwab Singapore, to empower Asian investors whose investment portfolios are underexposed to the US market due to high transaction fees.

In a Wednesday announcement, the group says this will be accomplished by improving access through Charles Schwab’s proprietary tools and research, quality service, and competitive pricing.

A client event will be held on Nov 9 to mark the office’s official launch. The Singapore subsidiary will be a holder of a capital markets license issued by the Monetary Authority of Singapore (MAS) as well as an Exempt Financial Adviser as defined in the Financial Advisers Act.

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