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Robo-advisers, online wealth platforms gaining traction in S'pore

Two recently-launched platforms have chalked up encouraging assets under management; MAS planning public consultation

Published Mon, Feb 27, 2017 · 09:50 PM
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Singapore

ONLINE wealth-management platforms are poised to make a splash in Singapore this year, and regulators are watching.

Connect by Crossbridge, a digital platform with "robo-adviser" capabilities, has amassed US$3.3 million in assets under management (AUM) from 30 accredited investors since its launch last November.

FSM Maps, a platform for mass-market investors by online fund distributor Fundsupermart, was launched last December and has a similar AUM.

Both platforms have benefited from rising stock markets.

A Monetary Authority of Singapore (MAS) spokeswoman told The Business Time…

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