iFAST
Corporation

An independent review by our team of experts

iFAST Corporation offers access to over 11,000 investment products including unit trusts, bonds and Singapore Government Securities, stocks and exchange traded funds, and insurance products; while services offered include online discretionary portfolio management services, research & investment seminars, IT solutions, investment administration and transaction services.

Their business can be broadly categorised into the following main divisions:

1. The Business-to-Business (banks/financial institutions/financial advisory firms/internet companies) division:

The B2B division provides a distribution platform which offers investment products, mainly funds, bonds and stocks/ETFs, and offers administration, transactional and other services to the banks and FA companies.

These financial institutions can focus on their core business while leaving the backroom functions to iFAST.

The B2B division also includes the pensions business, which offers multinational companies investment administration services for their employees.

Over 9,800 wealth advisers from more than 450 FA companies, financial institutions, banks and internet companies use the iFAST platform.

The B2B division of iFAST includes:

iFAST Central (The leading platform for FAs and financial institutions)
iFAST Global Prestige - iGP (Investment Platform for HNWIs)
iFAST Pensions (Pensions services for employees)
iFAST Global Markets - iGM (Simple and Transparent Financial Planning)

2. The Business-to-Consumer (B2C) model:

The B2C division provides a distribution and transactional platform to investors via the FSM/FSMOne website.

FSM has built a strong reputation for providing a wide range of investment products, a transparent fees structure, tools to compare investments easily, solid customer services support and research advice.

3. The Fintech Solutions (B2B2C):

The iFAST Fintech Solutions business division has been created to capture the business opportunities and provide innovative fintech solutions to their clients.

The iFAST Fintech Solutions business division provides:

iFAST API
Customised B2B2C solutions
White-label robo-advisory solutions
Bespoke fintech solutions

4. Bondsupermart:

Bondsupermart is a regional bond information portal providing comprehensive bond information and research to help investors around the world find crucial bond information.

NOTE:

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The Pros

> Wide range of investments

> Lower costs

The Cons

> No advice

> Dealing commissions

What does bondsupermart do?

Bondsupermart provides research, tools and information, such as the prices and yields-to-maturity of over 2,000 bonds, for investors and wealth advisers.

This initiative by iFast Corporation to create a dedicated bond information portal is to help investors find important bond information from anywhere in the world.

What are the benefits of investing with iFAST?

iFAST Corporation lists the following benefits of investing with them:

A wide range of unit trusts and ETFs, asset classes and investment strategies
Significant cost savings for CPF Investments
Transparent fee structure
Award-winning technological tools to manage your investments efficiently
Up-to-date valuation of your investments in one place
Consolidated dealing and reporting
Free switching of unit trusts in a wrap account
Online access and execution of your investments
Efficient transaction processes that minimise market risks
Experienced and specialised research support
No lock-in or early surrender penalty

What does iFAST Central offer?

iFAST Central offers financial institutions an efficient and reliable backend platform to process their transactions for their clients.

Funds-related materials, corporate actions and the calculation of fee are also managed by them.

Financial institutions can focus on their business while leaving the backend operations entirely to iFAST Central.

What does iFAST pensions do?

iFAST Pensions specialises in delivering tax effective employee benefit solutions to multi-national companies and international professionals.

They provide defined contribution group retirement savings plans such as Section 5, SRS, offshore pension plans and international pension plans such as QROPS.

Their clients include Barclays, BlackRock and INSEAD.

To find out more about our corporate pensions services, please go here.

Do they provide investment parking facilities?

Yes, iFAST offers various facilities for clients to temporarily park their monies while deciding on the actual investments.

Clients can also choose to park their money in the Cash Fund or Money Market Funds on the platform.

What will happen to my investments with iFAST if I move abroad?

You will still be able to keep your investments, and you will be able to transact online.

However, you are not eligible to maintain your account if you are staying in the US.

If you move abroad, please contact your financial planner to check if you are still eligible to continue investing.

What are the benefits of using the cash account?

iFAST Multi-Currency Cash Account allows you to perform trades and settle your investment products in 10 different currencies.
Monies deposited in the Cash Account can be used immediately without time lag.
Furthermore, these accounts are interest bearing.

iFAST Central Client Brochure

iFAST Corporation - First Quarter 2020 Financial Statements and Dividend Announcement

iFAST Corporation - Second Quarter 2020 Financial Statements and Dividend Announcement

iFAST Annual Stability Report for 2019

iFAST Corporation - Third Quarter 2020 Financial Statements and Dividend Announcement

iFAST Corporation - Investor Factsheet

The information in this material is intended for the recipient’s background information and use only. It is provided in good faith and without any warranty or, representation as to accuracy or completeness. Information and opinions presented in this material have been obtained or derived from sources believed by AES to be reliable and AES has reasonable grounds to believe that all factual information herein is true as at the date of issue. It does not constitute investment advice, recommendation, or an offer of any services or products for sale and is not intended to provide a sufficient basis on which to make an investment decision. It is the responsibility of any persons wishing to make a purchase to inform themselves of and observe all applicable laws and regulations. Unauthorised reproduction or transmitting of this material is strictly prohibited. AES accepts no responsibility for loss arising from the use of the information contained herein.

‘AES’ refers to the AES Group’s separate but affiliated entities generally, rather than to one particular entity. These entities are AES Middle East Insurance Broker LLC registered with the UAE Ministry of Economy, United Arab Emirates, Licence no. 571368, and Commercial Registration no. 75162 and regulated by the UAE Central Bank license no. 189; AES Financial Services Limited, incorporated and registered in England and Wales with company number 06063185, authorised and regulated by the UK Financial Conduct Authority FRN: 464494; AES Financial Services (DIFC) Ltd, registered in the Dubai Financial Centre (DIFC) as a foreign company, license no.2128, and regulated by the Dubai Financial Services Authority (DFSA) Reference No F003476; AES International Limited, a private company incorporated and registered in the British Virgin Islands with company number 1839872; AES International Global Limited, a private company incorporated and registered in the British Virgin Islands with company number 1887885. Please visit our authorisations page for further information on regulation, redress and accessibility.

If you are outside the UK and we advise you or carry out other business, nearly all the rules, regulations and arrangements made under the UK regulatory regime (including the rules made by the FCA and the dispute resolution process provided by the UK Financial Ombudsman Service) will not apply to most aspects of the service you receive, such advice or business being provided from outside the UK. You should therefore clearly understand such rights and protection as are afforded in the jurisdiction where you receive advice. Local law, regulation and redress processes will apply in almost all cases, and will be different from that of the UK.

RISKS

Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investment, when redeemed, may be worth more or less than the capital invested. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful. For further information, please click here.

iFAST Corporation is a wealth management fintech platform, with assets under administration of approximately $12.59 billion as at 30th September, 2020.

Incorporated in the year 2000 in Singapore, iFAST Corporation provides a comprehensive range of investment products and services to financial advisory firms, financial institutions, banks, multinational companies, as well as retail and high net worth investors in Asia.

The company is also present in Hong Kong, Malaysia, China and India.

iFAST
Corporation

An independent review by our team of experts

REVIEW SUMMARY