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Top Chinese Speaking Investment Firms
Globalization has played a huge role in opening up the world in various sectors. As a result, career opportunities have also broadened and so has the use of foreign languages globally.
In the US, the Asian American population has grown steadily over the years. Currently, Asians make up for about 7% of the total population in the US, the Chinese Americans constituting of a total of about 5.4 million people. That's 24% of the total Asian population in the US.
The Chinese American demographic the US are an underserved group especially when it comes to the financial advisory sector. The reason for this is not a lack of interest on their part but a lot of barriers, one of which includes a language barrier.
Some investment companies have taken on the challenge of serving this underserved community as there are numerous opportunities within this demographic.
Bay Street Capital Holdings
Bay Street Capital Holdings is an independent investment advisory, wealth management, and financial planning firm headquartered in Palo Alto, CA. The firm manages portfolios with the goal of maintaining and increasing total assets and income. Although many advisors may focus on maximizing returns, they place a higher priority on managing total risk and volatility.
Charles Schwab
Charles Schwab Corporation was established in 1971 by Charles Schwab, an American investor and financial executive. The company is a multinational financial company that offers services such as wealth management and advisory services to retail and institutional clients, consulting services, commercial banking and banking services. The company has over 360 operating branches and is the 13th largest banking institution in the US. Currently, the company manages assets worth over $6.6 trillion and is the third-largest asset manager after BlackRock and Vanguard.
With the growing population of Chinese and Chinese Americans in the US, Schwab has been working together with Chinese investors for over 20 years to help them Navigate the American market. They have customized their services to allow these Chinese nationals access the investment services in the language that they prefer. They offer their clients professional services, useful investment advice and a wide variety of investment products at a great competitive price.
Zhong Wealth Management Group
Zhong Wealth Management Group is an investment company that works with families who have built significant wealth in the US and in Asia. The company is led by Joanne Zhong, who is currently the Senior Vice President and Wealth Management Financial Advisor.
Originally from Shanghai, China Zhong came to the US together with her parents on a green card and settled in Palo Alto in 1989. Growing up, she spoke Shanghainese and Mandarin and while studying in the US, she was the only student in her ESL class who spoke Mandarin. In 2005, when she finished her master's degree, she came to the realization that she wanted to get more involved with the growth of wealth in China.
The company is based in San Francisco and they help entrepreneurs in the ever-growing areas in the world which are Silicon Valley and Asia. Currently, Zhong Wealth Management Group serves 40 households and in total, they manage assets worth $735 million. One-third of their clients are from China and Taiwan and they are not opposed to risk when it comes to investing. With a solution-oriented approach, they work with a bigger vision of helping their clients preserve their wealth for future generations and sustain.
Despite becoming an American citizen while in college, Zhong continues to stay true to her roots and heritage as that's what helped her build her advisory business. She’s actively involved with the Asian Art Museum in San Francisco and visits the National Palace Museum when she’s in Taipei.
In 2019, Forbes named her as one of the Top Women Financial Advisors.
UBS
UBS believes in the easy access of financial resources and opportunities, regardless of where you're located globally. They work closely with their clients and they make sure that their clients are well supported by powerful platforms and solutions of one of the world's leading wealth managers.
Xi Qiao is the Managing Director–Wealth Management. Xi was born in China and raised in both China and the US. She is fluent in Mandarin Chinese and English. She is a graduate of the University of California at Berkeley.
Xi works with ultra-high net worth individuals and families in the US, China and Hong Kong, who mainly specialize in technology, entrepreneurship. She also works with company executives and venture capitalists.
Xi is a leading Next-Gen Wealth Advisor and in 2020 and 2021 Forbes named her as the #1 Next-Gen Wealth Advisor. She works with successful Millenials and Gen Z's who require assistance with pre-liquidity planning and concentrated stock management. She also puts a lot of focus on working with clients from China and Hong Kong on multi-currency portfolio management and other cross-border wealth management issues.
She customizes comprehensive wealth management solutions that help her clients continue growing their wealth in order to preserve it for future generations while mitigating the impact of taxes on these investments.
Xi is a member of the UBS Pinnacle Council, which is comprised of the top 2% of the firm’s advisors. She was named to the Forbes America’s Top Wealth Advisors in 2021 and 2022, and Financial Planning Top 40 Financial Advisors Under 40 in 2021 and 2022.
Liang & Quinley Wealth Management
Liang & Quinley Wealth Management is a wealth management company that helps its clients understand and maneuver through the complex financial world. They take a proactive approach when it comes to developing plans for their clients in order to help them reach their financial goals as well as come up with a plan of accumulating and preserving wealth for future generations.
The company was co-founded by Michael Liang who is a certified financial planner, professional certified private wealth advisor and chartered retirement planning counselor. He is originally from Taiwan and he is fluent in the Mandarin Chinese language. He was raised in Villa Park, CA. and is a University of California graduate with a degree in Management Science.
He started off his career at Ameriprise in Irvine, CA. where he crossed paths with his future business partner at Liang & Quinley Wealth Management. After leaving Ameriprise, he joined Cathay Bank and he was in charge of managing the wealth management department. In 2011, he joined forces with Christopher and they started their own firm.
Michael mainly focuses on working with immigrants and small business owners.
During his free time, he enjoys playing golf, spending time with his nephews, and volunteering with the Big Brothers Big Sisters program in Orange County.
Bay Street Capital Holdings
Bay Street Capital Holdings is an independent investment advisory, wealth management, and financial planning firm headquartered in Palo Alto, CA. They manage portfolios with the goal of maintaining and increasing total assets and income with a high priority on managing total risk and volatility. Although many advisors may focus on maximizing returns, they place a higher priority on managing total risk and volatility.
Our founder, William Huston founded Bay Street after 13 years of supporting the United States' largest retirement plan ($650B) Thrift Savings Plan. He is recognized as Investopedia’s Top 100 Financial Advisors for 2021. In California, only two black-owned firms out of nineteen firms received this recognition. In Scottsdale Arizona, Ekenna Anya-Gafu CFP, AAMS is recognized among the Best Financial Advisors for his responsiveness, friendliness, helpfulness, and detail. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs. In 2021, Bay Street was selected as a finalist out of over 900 firms across the US in the category of Asset Manager for Corporate Social Responsibility (CSR).
Sources
https://www.pewresearch.org/fact-tank/2021/04/29/key-facts-about-asian-americans/
https://financialservicesinc.ubs.com/team/zhongwmg/meetourteam.html
