WHY WE ARE BUILDING MOIQ CAPITAL

1. Introduction

moiq capital

(or simply “moiq” — non-capital letters to represent our “down to earth”, humble and authentic philosophy.)

Began in Oct’21 as an effort to change the way how Wealth Management is built, conducted, and delivered.

2. Motivation

The overall focus beyond the set of the traditional wealth management industry is to provide a more balanced and sustainable ecosystem — accounting better to the needs of its high and ultra-high net worth clients (first and foremost) as well as other peers in the industry, i.e., service providers, custodians, and all the way up to the regulators.

Our founders and partners have been thoroughly involved in the Financial Industry for decades and have learned that this “secular model” has changed very little throughout the ages.

From the first “Private Banks” during the 12th Century in Venice, to the establishment of the Wealth Management industry in Switzerland in the mid to late 18th Century, to the late 80s boom and transformation of US based Brokerages into Wealth Managers — this industry goal has always been to generate profits by crafting products to be delivered through sales techniques.

To date, the Relationship Manager model and compensation have been based on either the individual or team revenue generation. In simple terms, the bonus system is directly correlated to the volume of products one can syphon down to the end clients. More sales, higher revenues, bigger bonus.

The malaise of the industry lies in the constant flow of sales of products even in times where liquidity matters most, or in cases whereby clients don’t actually need, want, or even understand the products. Embroidered in this web, there are also other ill-practices such as retrocessions, trailer fees and lack of transparency, etc. This legacy of financial system has created mammoth institutions which have failed to adapt to new times.

We strongly believe that:

Money is ultimately a social phenomenon.

Ideas, talent, and capital move society.

Challenges are complex, lifestyles are changing, and yet Wealth Management is still stuck in the stone age.

A changing of the guard is taking place in front of our eyes, with wealth moving to the next generation in different shapes and forms, with technology and global finance evolving, there is an urge for something new.

3. mo money, mo problems, moiq

On July 15th, 1997, the Notorious B.I.G. released what was to become his posthumous classic rap single: “Mo Money Mo Problems”. As the second single from his second and final studio album, “Life After Death”, the track was filled with samples of Diana Ross “I’m Coming Out”. The song topped the Billboard Hot 100 for two weeks.

Based on airplay and chart success, the song is considered one of the most popular singles in hip hop history.

https://www.youtube.com/watch?v=gUhRKVIjJtw

chorus:

“I don’t know what they want from me. It’s like the more money we come across. The more problems we see”

In today’s world, high and ultra-high net worth clients understands that more money generates more complex, specific, and sizable problems. They look around and ask themselves, “what do wealth managers want from me?”.

This is where moiq stands out.

Apart from being a solution provider, to help clients tackle and navigate around avoiding such problems in the future, moiq capital is not a typical wealth management firm, sitting between the new gen and the conventional practice, with a profound understanding of both.

Different from the authoritative approach of Private Banks / Financial Advisors / Wealth Managers, moiq embraces the true spirit of selflessness through a collection of principles and best practices to always put clients first and help them reach their goals. These includes the following:

Independence and objectivity — Collaborate with third parties based on clients’ best interests and always providing the highest quality

Honesty and transparency — qualities that the traditional wealth management and private bank industry greatly lacks; being plagued with sales techniques and products that are manufactured solely for profit of the players rather than the clients

Creativity — Pursue solutions that meets with clients’ wealth preservation needs

Focus — Improve clients’ experience, harness smart solutions

Patience and calmness — To be good listeners, earnestly meeting clients’ needs

Responsibility — Ensuring family wealth are preserved and holistic needs are nurtured for the next generation

Be in the forefront of technology (for investment purpose) — Ability to embrace disruption within and beyond the financial world

Sense of fun — because after all life should be an awesome journey, shared together

4. Regulation

Located in the heart of fast-growing Asia, Singapore has positioned itself as a developed wealth management hub that not only compares but in fact challenges the leadership of traditional locations such as Switzerland, New York, London, Monaco, and Dubai.

Singapore has a strong pool of regional and global players offering and managing traditional and alternative investment strategies and a gateway to source and access regional investment opportunities.

In addition, to position Singapore as a leading fund domiciliation hub, The Monetary Authority of Singapore (MAS) and The Accounting and Corporate Regulatory Authority (ACRA) launched in 2020 the Variable Capital Companies (VCC) framework to provide a new corporate structure for investment funds which seeks to facilitate the co-location of fund managers’ substantive fund management and domiciliation activities in Singapore.

moiq capital is a fully licensed wealth, asset and fund manager under the Monetary Authority of Singapore License No.: CMS100829 / Registration №201829021M.

5. Conclusion

Wealth Management is more than just revenue, performance, and mammoth institutions. It is ultimately a process that inspires, enables and connects people through honesty, transparency and trust.

Frustrated by the many half results, failures, and broken promises of the current players in the industry, moiq sets out to build something fresher, better, more transparent, and more sustainable.

To disrupt the current establishment, moiq has taken a different (if not bold) path. From its name, its values, its corporate colors, and logo; moiq seeks to embody the future of Wealth Management throughout the current and the new generation of wealth.

“…Evolution is not guided by a single hand or a grand design. It is a process of serendipity inspired by endless mistakes and problems…”

mo money, mo problems, mo iq