FA managed portfolio services gaining ground

Investors should watch for portfolio costs, track record and adviser remuneration

Genevieve Cua

Published Sun, Oct 7, 2018 · 09:50 PM

MANAGED PORTFOLIO services by licensed financial advisers (FAs) are slowly gaining ground in a market where clients are notorious for being reluctant to pay a fee for financial advice.

The size of the portfolio services market may be partially gleaned from iFast Financial, a leading investment platform services provider for FAs in Singapore. iFast's assets under administration here exceeded S$5.5 billion at end-June, a 16.5 per cent year-on-year gain. This number includes both B2B and B2C segments, and institutions. Some FAs opt to set up their own platforms.

FA firms report a healthy interest in managed portfolios. IPP Financial Advisers (IPPFA) reports assets under management (AU…