Portfolio services managed by financial advisers gain ground

Financial advisory firms report a healthy interest in managed portfolios.
Financial advisory firms report a healthy interest in managed portfolios.PHOTO: ST FILE

Investors should watch for portfolio costs, track record and adviser remuneration

Managed portfolio services by licensed financial advisers are slowly gaining ground in a market where clients are notorious for being reluctant to pay a fee for advice.

The size of the portfolio services market may be partially gleaned from iFast Financial, a leading investment platform services provider for advisers here. iFast's assets under administration exceeded $5.5 billion as at June 30, a gain of 16.5 per cent year on year.

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A version of this article appeared in the print edition of The Sunday Times on October 21, 2018, with the headline 'Portfolio services managed by financial advisers gain ground'. Print Edition | Subscribe