{"id":9255,"date":"2020-01-31T11:10:10","date_gmt":"2020-01-31T03:10:10","guid":{"rendered":"http:\/\/www.mediazone.com.hk\/hkmvc\/?p=9255"},"modified":"2020-02-24T12:01:10","modified_gmt":"2020-02-24T04:01:10","slug":"wisdom-before-knowledge-proves-key-to-customer-growth","status":"publish","type":"post","link":"https:\/\/www.mediazone.com.hk\/hkmvc\/2020\/01\/31\/wisdom-before-knowledge-proves-key-to-customer-growth\/","title":{"rendered":"Wisdom Before Knowledge  Proves Key to Customer Growth"},"content":{"rendered":"<h1 class=\"p1\"><span class=\"s1\">Over 20 years of \u201cunderstanding the true mission\u201d of Hong Kong\u2019s most <\/span><span class=\"s2\">discerning customers has proved Mr. ARNOLD YEUNG chairman of AMG FINANCIAL<\/span><span class=\"s1\"> GROUP has got what it takes to cater to the astute clients, and more.<\/span><\/h1>\n<hr \/>\n<div id=\"attachment_9259\" style=\"width: 690px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-9259\" class=\"wp-image-9259 size-full\" src=\"http:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung1.jpg\" alt=\"\" width=\"680\" height=\"897\" srcset=\"https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung1.jpg 680w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung1-227x300.jpg 227w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung1-600x791.jpg 600w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><p id=\"caption-attachment-9259\" class=\"wp-caption-text\">Arnold Yeung, Chairman of AMG Financial Group.<\/p><\/div>\n<p class=\"p1\">Tougher industry regulations, rapidly changing financial markets, Internet-influenced-work force, confused investors and competition from banks are merely a few of the challenges facing the wealth management experts in Hong Kong. But, in a sense, this is nothing new. Nearly 20 years ago when Arnold Yeung founded AMG, Hong Kong was awash with speculators \u2013 all wanting to \u2018get rich quick\u2019. This spawned a whole army of financial cowboys, born to cater to this lucrative market.<\/p>\n<p class=\"p2\">In those early days, Yeung prophesied <span class=\"s1\">(in the pages of this very magazine) that the market would eventually see the wheat from the chaff. Investors would see the unstably of their ways and embrace the pragmatic approach AMG was committing to \u2013 a steady, controlled, informed wealth management methodology targeted at its client\u2019s long term financial goals.<\/span><\/p>\n<blockquote>\n<h3 class=\"p1\"><strong>\u201cOur real business is in growing with satisfied <span class=\"s1\">customers \u2013 this is the <\/span><span class=\"s2\">\u201cSHORTES<\/span><span class=\"s3\">T<\/span><span class=\"s2\">\u201d<\/span><span class=\"s1\"> cut to success.\u201d <\/span><\/strong><span class=\"s4\">&#8211; <\/span>Arnold Yeung<span class=\"s4\">, <\/span>Chairman of AMG Financial Group<\/h3>\n<\/blockquote>\n<h3 class=\"p3\">What Investors Need\u2026and Want?<\/h3>\n<p class=\"p2\">Traditionally, aggressive investors have always wanted to be money jockeys \u2013 racing, blindly to financial goals, one after another. Two decades back the economy was far healthier. People had more disposable income, were less investment-savvy (than today) so the territory was fertile ground for the best wealth managers to take root. Alongside, many weeds cropped up too and together the good, bad and ugly basked in the summer they thought would never end.<\/p>\n<p class=\"p2\">In Hong Kong, Mr. Yeung set up a financial firm with quite a different agenda. His purpose was simple \u2013 to design the most pragmatic wealth management strategy for whomsoever walked though his doors. \u201cI simply want to maximize their reasonable potential for gains while reducing their potential for loss, while leaving margins for unexpected events that may impact the strategy. With this approach, in the long term they either fulfill their target or achieve very close to it, of course sometimes even exceed it. On the way, financial turbulence does not impact them too much because we have prepared for it.\u201d<\/p>\n<p class=\"p2\">This simple, customer-centric approach was nearly unheard of then but it hit the sweet spot with serious investors \u2013 people who understood the \u2018value of foresight\u2019 better than \u2018short term success\u2019. Mr. Yeung began building his customer base way back then and what started as a boutique financial advisory firm two decades ago and grew into one of Hong Kong\u2019s largest wealth management companies with a difference, successfully making the case for, integrity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-9258\" src=\"http:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_1.jpg\" alt=\"\" width=\"1420\" height=\"892\" srcset=\"https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_1.jpg 1420w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_1-300x188.jpg 300w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_1-768x482.jpg 768w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_1-1024x643.jpg 1024w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_1-450x283.jpg 450w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_1-600x377.jpg 600w\" sizes=\"auto, (max-width: 1420px) 100vw, 1420px\" \/><\/p>\n<h3 class=\"p1\">Consumers Dictate Trends<\/h3>\n<p class=\"p2\">On the insurance front, increased competition has brought the consumer better cash value and shorter breakeven points. Leading insurers are competing on service standards and many are looking at online-automated\/robotic service possibilities. That is not unusual and explained why there are growing number of young talents joining this industry that is full of challenge and prospect.<\/p>\n<p class=\"p2\">On the wealth management landscape, we see companies offering their own fund or financial product that is not regulated in Hong Kong. They are also diversifying into the overseas property market arena.\u201d<\/p>\n<p class=\"p2\">\u201cIn this tightened regulatory environment, transparency is vital and this is why we don\u2019t want to carry un-regulated product. The Internet is educating the consumer everyday and buyers have the power of choice now. People are now more vigilant and conservative in their investment outlook. Coupled with that, regulatory bodies are well for the customer and for Hong Kong as a regional capital for quality financial services, it requires us to work harder within this tighter regulatory framework.\u201d<\/p>\n<h3 class=\"p3\">Sincerity is Crucial<\/h3>\n<div id=\"attachment_9260\" style=\"width: 372px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-9260\" class=\"wp-image-9260\" src=\"http:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung2.jpg\" alt=\"\" width=\"362\" height=\"500\" srcset=\"https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung2.jpg 697w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung2-217x300.jpg 217w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung2-600x829.jpg 600w\" sizes=\"auto, (max-width: 362px) 100vw, 362px\" \/><p id=\"caption-attachment-9260\" class=\"wp-caption-text\">Arnold Yeung: \u201cWe offer a one-stop-shop for private and institutional clients based on this guarantee of sincerity of service.\u201d<\/p><\/div>\n<p class=\"p2\">\u201cAs I said from the start, you will earn the business when you grasp the customer\u2019s interest at heart and you can only do that when you see your client as your family. Offer those that you would purchase yourself as customer,\u201d says Yeung, insisting that sincerity of service is the only way forward.<\/p>\n<p class=\"p2\">\u201cAt the end of the day, it is always the customer to make the choice. We gather the appropriate financial tools and present the best possible solutions for the customer to choose. This is where the bond of trust comes into the picture.\u201d<\/p>\n<p class=\"p2\"><span class=\"s2\">He explains: \u201cThe customer is paying for our industry knowledge, product expertise, views on financial market trends and experience in risk management. Customers want to buy products in their interest and not ours. This happens with trust that takes time to build upon. We understand that particularly in this business referrals matter. Our real business is in growing with satisfied customers \u2013 this is the \u201cSHORTEST\u201d cut to success.\u201d<\/span><\/p>\n<h3 class=\"p3\">Greater Challenges<\/h3>\n<p class=\"p2\">As every wealth manager will agree, curbing customer excitement is easier said than done. Investors are always looking for the quick buck and today, we have to deal with enquiries about crypto currencies and speculation on precious metals prices etc, Mr. Yeung says.<\/p>\n<p class=\"p2\">\u201cOften we risk losing the business because the investor wants to take risks on un-regulated products and we don\u2019t agree. We see it as our duty to do the right thing and safeguard them. It is undesirable if they don\u2019t listen but at the end of the day we have to stay on the path we started at \u2013 the foundation of AMG \u2013 to do our best for our client, hand on heart, true to our conscience and that\u2019s all that matters for us. This is our pledge to all our customers overseas and local. We are seeing a growing increase in China and overseas clients coming to live and work in Hong Kong. This is the new reality. They have great expectations of our expertise and we have to serve them just as well. At the end of the day AMG moved ahead only by being true to our principles, our convictions. This philosophy extends through all sectors of our business from insurance, to wealth management to trust and estate planning etc. We offer a one-stop-shop for private and institutional clients based on this guarantee of sincerity of service, and of course, our professional knowledge and experience as well. If there is a formula for AMG\u2019s success, this is it,\u201d Mr. Yeung conclude<span class=\"s2\">s.<\/span><\/p>\n<p class=\"p7\">For additional information, please visit <strong><a href=\"http:\/\/www.amgwealth.com\" target=\"_blank\" rel=\"noopener noreferrer\">www.amgwealth.com<\/a><\/strong><\/p>\n<hr \/>\n<p>Hong Kong\u2019s Business Leaders share market and interest intelligence in the pages of HKMVC 2020<\/p>\n<hr \/>\n<h1 class=\"p1\">\u77e5\u8b58\u7149\u5c31\u667a\u6167 \u5ba2\u6236\u589e\u9577\u7684\u91d1\u9470\u5319<\/h1>\n<h3>\u5b89\u67cf\u74b0\u7403\u91d1\u878d\u96c6\u5718\u4e3b\u5e2d\u694a\u5b78\u8d85\u6df1\u660e\u9999\u6e2f\u6700\u7cbe\u660e\u6d88\u8cbb\u8005\u7684\u771f\u6b63\u9700\u8981\uff0c\u9019\u4e8c\u5341\u591a\u5e74\u7684\u6b77\u7df4\u5370\u8b49\u4e86\u4ed6\u7684\u80fd\u529b\uff0c\u70ba\u7cbe\u660e\u777f\u667a\u7684\u5ba2\u6236\u63d0\u4f9b\u6bd4\u5176\u4ed6\u540c\u884c\u505a\u5f97\u66f4\u597d\u7684\u670d\u52d9\u3002<\/h3>\n<div id=\"attachment_9261\" style=\"width: 1210px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-9261\" class=\"size-full wp-image-9261\" src=\"http:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung3.jpg\" alt=\"\" width=\"1200\" height=\"842\" srcset=\"https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung3.jpg 1200w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung3-300x211.jpg 300w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung3-768x539.jpg 768w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung3-1024x719.jpg 1024w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung3-428x300.jpg 428w, https:\/\/www.mediazone.com.hk\/hkmvc\/wp-content\/uploads\/2020\/01\/AMG_HKMVC2020_ArnoldYeung3-600x421.jpg 600w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><p id=\"caption-attachment-9261\" class=\"wp-caption-text\">\u694a\u5b78\u8d85\uff0c\u5b89\u67cf\u74b0\u7403\u91d1\u878d\u96c6\u5718\u5275\u8fa6\u4eba\u3002<\/p><\/div>\n<p>\u8d8a\u8da8\u56b4\u7dca\u7684\u76e3\u7ba1\uff0c\u77ac\u606f\u842c\u8b8a\u7684\u5e02\u5834\uff0c\u53d7\u7740\u4e92\u806f\u7db2\u5f71\u97ff\u800c\u611f\u5230\u56f0\u60d1\u7684\u6295\u8cc7\u8005\uff0c\u8207\u9280\u884c\u7684\u6fc0\u70c8\u7af6\u722d\uff0c\u7a2e\u7a2e\u90fd\u662f\u5c0d\u9999\u6e2f\u8ca1\u5bcc\u7ba1\u7406\u5c08\u696d\u9762\u5c0d\u7684\u6311\u6230\u3002\u4e0d\u904e\uff0c\u9019\u90fd\u4e0d\u662f\u751a\u9ebc\u65b0\u9bae\u4e8b\u3002\u65e9\u5728\u4e8c\u5341\u5e74\u524d\u694a\u5b78\u8d85\u5148\u751f\u6210\u7acb\u5b89\u67cf\u7684\u6642\u5019\uff0c\u9999\u6e2f\u5c31\u5df2\u7d93\u5145\u65a5\u7740\u5e0c\u671b\u300c\u4e00\u591c\u81f4\u5bcc\u300d\u7684\u6295\u6a5f\u8005\u3002\u5927\u91cf\u91d1\u878d\u696d\u754c 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(boutique financial advisory 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<strong><a href=\"http:\/\/www.amgwealth.com\" target=\"_blank\" rel=\"noopener noreferrer\">www.amgwealth.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over 20 years of \u201cunderstanding the true mission\u201d of Hong Kong\u2019s most discerning customers has proved Mr. ARNOLD YEUNG chairman of AMG FINANCIAL GROUP has got what it takes to cater to the astute clients, and more. Tougher industry regulations, rapidly changing financial markets, Internet-influenced-work force, confused investors and competition from banks are merely a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9262,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[255,70,433,193],"tags":[69,194],"class_list":["post-9255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cover-story","category-finance","category-hkmvc-2020","category-insurance","tag-finance","tag-insurance","dropcap-y","no-lazy-placeholder"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wisdom Before Knowledge Proves Key to Customer Growth - Mediazone&#039;s Hong Kong&#039;s Most Valuable Companies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mediazone.com.hk\/hkmvc\/2020\/01\/31\/wisdom-before-knowledge-proves-key-to-customer-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wisdom Before Knowledge Proves Key to Customer Growth - Mediazone&#039;s Hong Kong&#039;s Most Valuable Companies\" \/>\n<meta property=\"og:description\" content=\"Over 20 years of \u201cunderstanding the true mission\u201d of Hong Kong\u2019s most discerning customers has proved Mr. ARNOLD YEUNG chairman of AMG FINANCIAL GROUP has got what it takes to cater to the astute clients, and more. 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