New B2B iFAST stockbroking service hopes to attract mass-market, affluent clients

Singapore

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 through an iFAST Wrap Account. On board are five financial advisory (FA) firms: Financial Alliance, Manulife Financial Advisers, Providend, Ray Alliance and SingCapital.