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Doo Financial Acquires An Insurance Broker Licensed Entity Regulated By The Hong Kong Insurance Authority

Blog | 05 Jul 2022 03:01/PM GMT

Doo Group’s affiliate, Doo Financial, embarks on a new milestone with the acquisition of a Wealth Management Limited company (IA FB1823), now known as Doo Wealth Management HK Limited. It is an insurance broker company listed on the Register of Licensed Insurance Intermediaries regulated by the Hong Kong Insurance Authority (IA).

As a pre-eminent financial services group, Doo Group has accumulated a significant number of global professional certificates and strategic offices worldwide. Throughout the years, we have nurtured a group of experienced and knowledgeable industry professionals. Combined with our core values of integrity, accountability, responsibility, professionalism and teamwork, Doo Group has been working delicately to generate business values for our clients.

The successful acquisition is a step forward for Doo Group on our global strategic roadmap. It reflects our dedication to expanding into a new market – insurance. In the future, our highly skilled team will be collaborating with other reputable insurance and financial companies to constantly create value for our clients.

Doo Wealth Management HK Limited – A New Chapter for Doo’s Global Journey

Insurance is a vital sector in the financial ecosystem and deemed as a stable segment of the financial markets. A well-regulated insurance company is a key to general economic growth. To create a truly global value proposition, Doo Financial has decided to venture into the insurance industry.

Therefore, Doo Financial produced a strategic plan for the acquisition. After a period of steadfast business negotiation, including due diligence, legal documents, and transaction processing, Doo Financial is proud to announce our success in the acquisition. We are pleased to begin the journey of Doo Wealth Management HK Limited, along with the Insurance Intermediary Licence granted by the Hong Kong Insurance Authority (IA). The IA is an insurance regulator independent of the Hong Kong Government. It supervises and regulates insurance intermediaries in Hong Kong to facilitate the stable development of the insurance industry.

Comprehensive Product Offering – A Protected Future for Our Clients and Their Loved Ones

From life protection to personal health, from financial planning to wealth accumulation, Doo Wealth strives to build a healthier community for our clients and their loved ones with comprehensive protections, to ensure their peace of mind. Our goal is to make a positive impact on society. Accordingly, our professional teams will be providing a broad range of products and services covering two major areas, Life Insurance and General Insurance:

  • Life Insurance:

-Long-term Life Insurance and Universal Life Insurance

-Medical Protection

-Critical Illness Protection

-Wealth Management Insurance

 

  • General Insurance:

-Home and Pet Insurance

-Travel and Leisure Insurance

-Property Insurance

-Motor Insurance   

With the IA’s verification and supervision, Doo Wealth is going to begin its whole new chapter as part of Doo Group’s global journey. We are committed to making significant contributions to economic sustainability with tenacity, determination and passion.

 

Doo Group’s Global Growth – Achieving Financial Diversity

Under the License Insurance Intermediaries, Doo Wealth Management HK Limited is authorized to conduct General & Long-Term Business (including Linked Long-Term Business) in the Hong Kong region.

This strategic business partnership has proven Doo Group’s strength in seizing the global financial market, offering comprehensive and diversified services and products to our clients worldwide. It is our great stride in creating a more diverse future which also officially marks our new journey in the insurance industry. With the vision to achieve financial services diversity, Doo Group aspires to continuously expand our global growth into new markets to deliver the best services to our valued clients.

 

About Doo Group      

Doo Group was established in 2014, currently headquartered in Singapore. After years of development, Doo Group has become a multi-faceted financial services group with financial technology at its core.

With multiple sub-brands such as Doo Prime, Doo Clearing, Doo Financial, FinPoints and many more, Doo Group is committed to provide trading and asset management services for over 20,000 financial products such as Securities, Futures, Forex, CFDs and Funds to global individual and institutional clients.

Currently, the entities within Doo Group, according to their location and products, are regulated by many of the top global financial regulators, including, but not limited to the United States Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA), United Kingdom Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Seychelles Financial Services Authority (FSA), Mauritius Financial Services Commission (FSC), and the Vanuatu Financial Services Commission (FSC). Doo Group has entities operating in various global locations, including Dallas, London, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur as well as other regions.

Visit us at www.doogroup.com

For enquiries and further information, please contact us:

Hong Kong: +852 6701 2091

Singapore: +65 6011 1736

Email: [email protected]

 

Forward-looking Statement 

“Forward-looking” Statements

This article contains “forward-looking statements” and may be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “hope”, “intend”, “may”, “might”, “plan”, “potential”, “predict”, “should”, or “will”, or other variations thereon or comparable terminology. However, the absence of such terminology does not mean that a statement is not forward-looking. In particular, statements about the expectations, beliefs, plans, objectives, assumptions, future events, or future performance of Doo Group will be generally assumed as forward-looking statements.

Doo Group has provided these forward-looking statements based on all current information available to Doo Group and Doo Group’s current expectations, assumptions, estimates, and projections. While Doo Group believes these expectations, assumptions, estimations, and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Doo Group’s control. Such risks and uncertainties may cause results, performance, or achievements materially different from those expressed or implied by the forward-looking statements.

Doo Group does not provide any representation or warranty on the reliability, accuracy, or completeness of such statements. Doo Group is not obliged to provide or release any updates or revisions to any forward-looking statements.

 

Risk Disclosure 

Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance. 

Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed by us herein. 

 

Disclaimer  

This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future results. Doo Group makes no representation and warranties to the information displayed and shall not be liable for any direct or indirect loss or damages as a result of any inaccuracies and incompleteness of the information provided. Doo Group shall not be liable for any loss or damages as a result of any direct or indirect trading risks, profit, or loss associated with any individual’s investment.