facebookDoes anybody know how reliable FSMOne is? Like where will my ETF be held if I'm doing RSP in the S&P 500, and what happens if they (FSMOne) go bust? - Seedly

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Anonymous

17 Apr 2020

General Investing

Does anybody know how reliable FSMOne is? Like where will my ETF be held if I'm doing RSP in the S&P 500, and what happens if they (FSMOne) go bust?

What will happen if they go bust? How reliable/trustworthy are they?

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Discussion (2)

The company has been around since 2000 and SPH is one of the shareholders. To assuage your concerns,

  • "The creditors of iFAST will have no claim over your assets."

  • "In the unlikely event that iFAST Financial ceases as a business concern, with your permission, all your assets will be transferred to another distributor. Either that, or they will be returned to you."

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