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)

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%.

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Rex R. Wei

Edited 31 Jul 2021

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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CH

29 Jul 2021

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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