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?

FSMOne Fundsupermart

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Discussion (2)

Yang Teng

16 Apr 2020

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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