New online investing solution launches to help Australia’s Vietnamese community build wealth
Sydney financial adviser Dean Nguyen has announced the launch of an exciting initiative – Vietinvest.au – a new online wealth management solution targeted at Australia’s substantial and growing Vietnamese community.
Vietinvest.au has been designed as an easy-to-use and low-cost way to access professional portfolio management, and gives investors a choice of four distinct investment portfolios: Balanced, Growth, High Growth and the Vietinvest.au ElectricFAI portfolio (Future, Electrics and Artificial Intelligence), which will target companies involved in break-through industries such as Robotics, Technology, Gaming and Esports, AI and Automatization, Battery and Cybersecurity.
The High Growth portfolio also offers something unique, giving investors exposure to multi-factor investing, screening for quantitative factors such as quality, dividend, value and economic moat.
Founder Dean Nguyen said that the Vietinvest.au solution had been created to meet the need to help a much broader audience of Australia’s Vietnamese community than could be served under traditional financial advice by the reduced number of Australian financial advisers.
“The Australian-Vietnamese community is now approximately 400,000 strong. We are a community that attaches great importance to education, entrepreneurialism and family business, and of course, to saving and investing to build long-term wealth for our families. With Vietinvest.au, my team and I will now be able to reach a much broader audience, as anyone can sign themselves up within minutes to access our professionally managed investment portfolios,” Nguyen said.
“We are particularly enthusiastic about reaching younger members of the Australian-Vietnamese community, those just starting out on their wealth-building journeys. They have the ambition, however, don’t yet have a sufficient pool of investable assets to justify the high cost of traditional personal financial advice. Now with Vietinvest.au they can start investing into a diversified investment portfolio with as little as $5,000,” Nguyen added.
Vietinvest.au is underpinned by the OpenInvest platform.
OpenInvest Head of Distribution Ravi Verma welcomed the launch of Vietinvest.au.
“We feel very proud to have been selected by yet another entrepreneurial financial adviser wanting to reach and assist the broader mass market of Australia’s unadvised with an online investing+content solution. Rather than solely focusing on HNW clients, Dean and his colleagues now have an offering for every sort of client – and an efficient, online means to nurture the next generation of HNW clients via Vietinvest.au,” Verma explained.
