Asked what the take-up rate had been like, iFAST CEO Lim Chung Chun said a "couple hundred" clients have started on the service. Many are existing clients, including dormant accounts. Meanwhile, account enquiries have increased. "It's only been two weeks," he said.
PHOTO: ST FILE
WITH some financial advisory firms on its side, fund distributor iFAST Corporation will launch on Friday a business-to-business stockbroking service with stock commissions as low as 7.5 basis points (0.075 per cent).
Financial advisers can now manage stocks for clients...