Anonymous
Invest in mutual funds / unit trust through ifast platform with a financial advisor
I’m thinking of investing in mutual funds or unit trust through the ifast platform via a financial advisor. I’m thinking of diversifying my portfolio to other sectors with advice from the agent. The fees will be about 1%.
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Elijah Lee
31 Jul 2021
Senior Financial Services Manager at Phillip Securities (Jurong East)
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You do not need an advisor. You seem to be well-versed in the baics of investing, and you're thinking of diversification and sector allocation. A 1% fee is a big drag on performance. And an advisor's fee is paid on top of fund fees.
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Just to be sure, is it 1% all in per annum? if so, i think it is quite decent for an advise portfoli...
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Hi anon,
If you have the time and knowledge to manage and monitor your investments, then you should invest on your own.
For people without time and/or knowledge to monitor, then advisory fees will have to come into the picture since the advisor is going to oversee your portfolio for you.
A 1% fee is modest and not what I would call high. Of course, this depends on the type of portfolio as well, for example, CPF WRAP fees cannot exceed 0.4%.