iFAST

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
(23-04-2020, 07:18 PM)karlmarx Wrote: A lot of its past and recent success has been due to its competitive pricing, and absence of competition.

Today, Phillips offers the same platform services for both the B2C and B2B2C segments, and at much more competitive (or no) fees. If Phillips does not receive any sales and platform fees from the consumer, this means that they are only receiving trailer fees from the Fund Managers.


===

The market for wealth management in Singapore is huge.

But most of the market is captured by the (local) banks and life insurers.

The boutique FAs which iFAST depend on to grow their AUA grow through word-of-mouth networks; they lack the cachet and financial strength to not only advertise their services to the mass market, but also to attract sales agents.

So it makes a lot of sense for them to have made early moves into overseas markets.

In the Malaysian and Hong Kong markets, iFAST has done well to grow them profitably. (Phillips operate in these markets as well, but I'm not sure if they offer the no fee unit trust platform in those markets as well.)

In the Chinese market, iFAST has spent 5 years and lots of money, but still struggles to establish a profitable business. Given the amount of time spent and local competition, it does not look likely that their Chinese business will be a roaring success in the next few years.

Although they have partnered RFO to make another attempt at cracking the market, there is little to suggest that the probability of success will be high, since RFO is also a relatively new outfit.

iFAST also spent some 10 years in India, where it partnered with Deutsche. AR19 shows that its India AUA is about half a billion, and the unit does not appear to be profitable.

So iFAST's overseas forays are a mixed bag. While it has done well in Singapore, it certainly isn't the case that success follows wherever they bring their business model to.

===

If iFAST wins a digital wholesale banking license, there certainly will be growth prospects.

But the synergies between personal wealth management and SME banking is not apparent to me.

I suppose there could be some SME customers using part of their excess cash to buy low-risk unit trust. But I'm not sure if the market for it will be a big boost to AUA.

But iFAST also seems to be departing from its familiar grounds by entering a business it has no prior experience of; underwriting SME loans.

In its FY19 AR, it only made short mention of attracting foreign currency deposits, and avoiding competition for SGD deposits. How that fits with its DWB and/or wealth management strategy is still not apparent.

===
Thanks for your insights.

Yes, I think iFast succeeded in HK and Malaysia because these are markets where they don't have competition. I am surprised that HK doesn't have a lot of online platforms to compete with them. 

What I cannot understand is how they have the advantage over Philips given what you said about their low-cost offerings. Not sure if any body here have insights.
Reply


Messages In This Thread
iFAST - by greengiraffe - 22-11-2014, 09:30 AM
RE: iFAST - by pianist - 22-11-2014, 09:43 AM
RE: iFAST - by greengiraffe - 24-11-2014, 06:43 PM
RE: iFAST - by btig - 29-11-2014, 05:37 PM
iFAST - by opmi - 29-11-2014, 06:26 PM
RE: iFAST - by btig - 29-11-2014, 08:50 PM
RE: iFAST - by btig - 01-12-2014, 11:08 AM
RE: iFAST - by Alibaba - 02-12-2014, 09:09 PM
RE: iFAST - by butcher - 03-12-2014, 04:15 PM
RE: iFAST - by jovialger - 04-12-2014, 05:17 PM
RE: iFAST - by btig - 04-12-2014, 11:27 PM
RE: iFAST - by cloud_soon - 05-12-2014, 11:31 PM
RE: iFAST - by safetyfirst - 08-12-2014, 12:29 PM
RE: iFAST - by safetyfirst - 08-12-2014, 01:19 PM
RE: iFAST - by valuebuddies - 08-12-2014, 01:50 PM
RE: iFAST - by btig - 11-12-2014, 12:15 AM
RE: iFAST - by btig - 12-12-2014, 02:20 PM
RE: iFAST - by EnSabahNur - 10-12-2016, 09:19 AM
RE: iFAST - by Contrarian - 10-12-2016, 09:25 PM
RE: iFAST - by Muck - 11-12-2016, 11:27 PM
RE: iFAST - by money - 11-12-2016, 10:09 PM
RE: iFAST - by level13 - 12-12-2016, 09:26 AM
RE: iFAST - by ghchua - 12-12-2016, 11:19 AM
RE: iFAST - by edragon - 12-12-2016, 11:46 AM
RE: iFAST - by ghchua - 12-12-2016, 01:05 PM
RE: iFAST - by cyclone - 09-06-2017, 02:43 PM
RE: iFAST - by opmi - 09-06-2017, 05:39 PM
RE: iFAST - by karlmarx - 09-06-2017, 10:51 PM
RE: iFAST - by TTTI - 10-06-2017, 03:48 PM
RE: iFAST - by karlmarx - 10-06-2017, 10:03 PM
RE: iFAST - by weijian - 10-06-2017, 03:32 PM
RE: iFAST - by weii - 10-06-2017, 05:48 PM
RE: iFAST - by karlmarx - 10-06-2017, 10:06 PM
RE: iFAST - by cyclone - 23-06-2017, 05:23 PM
RE: iFAST - by weii - 25-06-2017, 09:11 AM
iFAST - by vingaard - 25-06-2017, 11:08 PM
RE: iFAST - by weii - 26-06-2017, 07:14 AM
RE: iFAST - by choya - 27-06-2017, 12:18 AM
RE: iFAST - by weii - 02-07-2017, 07:07 AM
RE: iFAST - by karlmarx - 27-06-2017, 07:02 PM
RE: iFAST - by pianist - 27-06-2017, 08:21 PM
RE: iFAST - by karlmarx - 27-06-2017, 09:11 PM
RE: iFAST - by pianist - 28-06-2017, 09:50 PM
RE: iFAST - by Temperament - 01-07-2017, 12:03 PM
RE: iFAST - by choya - 19-10-2017, 11:38 AM
RE: iFAST - by choya - 19-10-2017, 11:46 AM
RE: iFAST - by cyclone - 16-04-2018, 03:26 PM
RE: iFAST - by pianist - 16-04-2018, 09:29 PM
#3 - by chialc88 - 31-10-2018, 10:26 PM
20190427 Q1 Result iFAST - by chialc88 - 27-04-2019, 02:05 PM
RE: iFAST - by choya - 04-05-2019, 12:50 AM
RE: iFAST - by karlmarx - 04-05-2019, 11:12 AM
RE: iFAST - by gzbkel - 04-05-2019, 12:33 PM
RE: iFAST - by karlmarx - 05-05-2019, 08:44 AM
RE: iFAST - by money - 07-10-2019, 11:30 AM
iFAST - by vingaard - 14-10-2019, 01:00 PM
RE: iFAST - by Sumeria - 06-01-2020, 11:25 AM
RE: iFAST - by dreamybear - 06-01-2020, 06:52 PM
RE: iFAST - by d.o.g. - 06-01-2020, 07:56 PM
RE: iFAST - by dreamybear - 06-01-2020, 09:13 PM
RE: iFAST - by karlmarx - 07-01-2020, 07:56 AM
RE: iFAST - by karlmarx - 07-01-2020, 07:58 AM
RE: iFAST - by dreamybear - 07-01-2020, 08:40 PM
RE: iFAST - by BRT - 24-02-2020, 09:06 PM
RE: iFAST - by Curiousparty - 04-04-2020, 06:19 PM
iFAST - by Curiousparty - 07-04-2020, 07:02 AM
iFAST - by Curiousparty - 09-04-2020, 10:16 AM
RE: iFAST - by money - 09-04-2020, 11:23 AM
RE: iFAST - by money - 09-04-2020, 11:55 AM
RE: iFAST - by EnSabahNur - 11-04-2020, 01:59 PM
RE: iFAST - by Curiousparty - 11-04-2020, 05:17 PM
iFAST - by Curiousparty - 09-04-2020, 01:55 PM
RE: iFAST - by Curiousparty - 09-04-2020, 06:59 PM
RE: iFAST - by Curiousparty - 09-04-2020, 07:29 PM
RE: iFAST - by money - 09-04-2020, 09:11 PM
RE: iFAST - by karlmarx - 09-04-2020, 08:27 PM
RE: iFAST - by Curiousparty - 10-04-2020, 08:36 AM
RE: iFAST - by money - 10-04-2020, 09:42 AM
iFAST - by Curiousparty - 10-04-2020, 11:05 AM
RE: iFAST - by Curiousparty - 10-04-2020, 08:22 PM
RE: iFAST - by Curiousparty - 10-04-2020, 08:37 PM
RE: iFAST - by Curiousparty - 10-04-2020, 11:23 PM
iFAST - by Curiousparty - 11-04-2020, 10:23 AM
iFAST - by Curiousparty - 11-04-2020, 10:49 AM
RE: iFAST - by Curiousparty - 12-04-2020, 03:21 PM
RE: iFAST - by Curiousparty - 13-04-2020, 11:51 AM
RE: iFAST - by Curiousparty - 20-04-2020, 08:46 PM
iFAST - by Curiousparty - 23-04-2020, 08:00 AM
RE: iFAST - by ¯|_(ツ)_/¯ - 23-04-2020, 08:39 AM
RE: iFAST - by pianist - 23-04-2020, 11:36 AM
RE: iFAST - by ¯|_(ツ)_/¯ - 23-04-2020, 12:43 PM
RE: iFAST - by pianist - 23-04-2020, 03:57 PM
iFAST - by Curiousparty - 23-04-2020, 01:52 PM
RE: iFAST - by karlmarx - 23-04-2020, 07:18 PM
RE: iFAST - by holymage - 28-04-2020, 05:41 PM
RE: iFAST - by EnSabahNur - 11-05-2020, 08:28 PM
RE: iFAST - by karlmarx - 16-05-2020, 01:14 PM
RE: iFAST - by EnSabahNur - 17-05-2020, 11:49 AM
27 Apr 2020 10am AGM - by ¯|_(ツ)_/¯ - 24-04-2020, 09:06 AM
RE: iFAST - by donmihaihai - 24-04-2020, 09:24 AM
iFAST - by Curiousparty - 24-04-2020, 11:16 AM
iFAST - by Curiousparty - 24-04-2020, 11:26 AM
RE: iFAST - by Curiousparty - 26-04-2020, 08:43 PM
iFAST - by Curiousparty - 26-04-2020, 09:43 PM
RE: iFAST - by karlmarx - 28-04-2020, 05:56 PM
iFAST - by Curiousparty - 28-04-2020, 06:28 PM
RE: iFAST - by weijian - 28-04-2020, 10:05 PM
RE: iFAST - by Curiousparty - 05-05-2020, 09:11 PM
RE: iFAST - by Sumeria - 12-05-2020, 10:14 AM
RE: iFAST - by opmi - 12-05-2020, 11:19 AM
RE: iFAST - by dreamybear - 12-05-2020, 04:22 PM
RE: iFAST - by Sumeria - 12-05-2020, 10:17 AM
Q&A eAGM iFAST - by ¯|_(ツ)_/¯ - 14-05-2020, 07:15 PM
RE: iFAST - by karlmarx - 18-05-2020, 07:42 AM
RE: iFAST - by ghchua - 18-05-2020, 10:04 AM
iFAST - by Curiousparty - 18-05-2020, 09:10 AM
RE: iFAST - by Wildreamz - 19-05-2020, 12:03 AM
iFAST - by Curiousparty - 19-05-2020, 09:40 AM
iFAST - by Curiousparty - 19-05-2020, 09:58 AM
RE: iFAST - by Wildreamz - 19-05-2020, 10:53 AM
iFAST - by Curiousparty - 19-05-2020, 06:28 PM
iFAST - by Curiousparty - 30-05-2020, 09:15 AM
iFAST - by Curiousparty - 01-06-2020, 10:32 AM
RE: iFAST - by Curiousparty - 06-06-2020, 03:38 PM
iFAST - by Curiousparty - 08-06-2020, 07:03 PM
RE: iFAST - by ZZF - 08-06-2020, 09:50 PM
RE: iFAST - by Wildreamz - 08-06-2020, 10:21 PM
RE: iFAST - by Curiousparty - 10-06-2020, 07:25 PM
RE: iFAST - by EnSabahNur - 24-06-2020, 12:53 AM
iFAST - by Curiousparty - 19-06-2020, 09:12 AM
RE: iFAST - by Barefoot - 19-06-2020, 01:52 PM
iFAST - by Curiousparty - 19-06-2020, 03:22 PM
iFAST - by Curiousparty - 22-06-2020, 10:54 PM
RE: iFAST - by ZZF - 23-06-2020, 12:34 AM
iFAST - by Curiousparty - 23-06-2020, 11:10 AM
iFAST - by Curiousparty - 23-06-2020, 08:42 PM
RE: iFAST - by Curiousparty - 23-06-2020, 09:43 PM
iFAST - by Curiousparty - 27-06-2020, 02:59 PM
RE: iFAST - by ZZF - 30-06-2020, 10:16 AM
iFAST - by Curiousparty - 03-07-2020, 07:18 AM
RE: iFAST - by EnSabahNur - 04-07-2020, 01:26 AM
iFAST - by Curiousparty - 04-07-2020, 08:19 PM
iFAST - by Curiousparty - 08-07-2020, 11:45 PM
iFAST - by Curiousparty - 16-07-2020, 01:14 PM
iFAST - by Curiousparty - 22-07-2020, 08:04 AM
RE: iFAST - by Curiousparty - 25-07-2020, 08:03 AM
RE: iFAST - by EnSabahNur - 26-07-2020, 12:13 PM
iFAST - by Curiousparty - 26-07-2020, 02:55 PM
RE: iFAST - by EnSabahNur - 26-07-2020, 08:25 PM
iFAST - by Curiousparty - 26-07-2020, 09:41 PM
RE: iFAST - by dreamybear - 26-07-2020, 10:42 PM
iFAST - by Curiousparty - 29-07-2020, 10:38 AM
RE: iFAST - by specuvestor - 29-07-2020, 11:16 AM
iFAST - by Curiousparty - 29-07-2020, 07:57 PM
RE: iFAST - by Curiousparty - 29-07-2020, 09:27 PM
RE: iFAST - by Curiousparty - 06-08-2020, 07:18 PM
RE: iFAST - by Curiousparty - 07-08-2020, 06:12 PM
iFAST - by Curiousparty - 13-08-2020, 08:22 PM
RE: iFAST - by Curiousparty - 01-09-2020, 10:58 PM
RE: iFAST - by EnSabahNur - 23-09-2020, 09:22 AM
RE: iFAST - by weii - 28-09-2020, 09:23 AM
RE: iFAST - by EnSabahNur - 05-10-2020, 09:32 AM
RE: iFAST - by Curiousparty - 13-09-2020, 09:03 PM
RE: iFAST - by Curiousparty - 19-09-2020, 01:30 PM
RE: iFAST - by Raks - 14-10-2020, 01:33 AM
RE: iFAST - by ¯|_(ツ)_/¯ - 23-10-2020, 08:52 AM
RE: iFAST - by Raks - 26-10-2020, 02:43 PM
RE: iFAST - by ¯|_(ツ)_/¯ - 27-10-2020, 08:57 AM
RE: iFAST - by Squirrel - 04-12-2020, 07:36 PM
RE: iFAST - by pianist - 05-12-2020, 10:04 AM
RE: iFAST - by Squirrel - 07-12-2020, 07:32 AM
RE: iFAST - by Raks - 05-12-2020, 01:03 AM
RE: iFAST - by ¯|_(ツ)_/¯ - 07-12-2020, 08:58 AM
RE: iFAST - by edragon - 07-12-2020, 09:06 AM
RE: iFAST - by Raks - 07-12-2020, 10:30 AM
RE: iFAST - by weijian - 07-12-2020, 11:01 PM
RE: iFAST - by ¯|_(ツ)_/¯ - 07-01-2021, 08:35 AM
RE: iFAST - by Curiousparty - 15-01-2021, 10:52 AM
RE: iFAST - by Curiousparty - 17-01-2021, 12:47 PM
RE: iFAST - by Curiousparty - 07-02-2021, 07:03 PM
RE: iFAST - by ¯|_(ツ)_/¯ - 24-01-2021, 09:26 PM
RE: iFAST - by ¯|_(ツ)_/¯ - 30-01-2021, 12:30 PM
RE: iFAST - by ¯|_(ツ)_/¯ - 06-02-2021, 09:29 AM
RE: iFAST - by Curiousparty - 24-02-2021, 08:22 PM
RE: iFAST - by Curiousparty - 28-03-2021, 05:51 PM
RE: iFAST - by Curiousparty - 03-04-2021, 03:00 PM
RE: iFAST - by Curiousparty - 25-04-2021, 07:06 PM
RE: iFAST - by Curiousparty - 02-05-2021, 06:22 PM
RE: iFAST - by Curiousparty - 06-06-2021, 07:47 PM
RE: iFAST - by brattzz - 23-06-2021, 11:08 AM
RE: iFAST - by ¯|_(ツ)_/¯ - 24-07-2021, 08:22 AM
RE: iFAST - by ¯|_(ツ)_/¯ - 01-08-2021, 09:27 AM
RE: iFAST - by Curiousparty - 08-08-2021, 11:14 PM
RE: iFAST - by Curiousparty - 29-08-2021, 03:05 PM
RE: iFAST - by Curiousparty - 10-09-2021, 07:12 PM
RE: iFAST - by cyclone - 11-10-2021, 06:50 PM
RE: iFAST - by ¯|_(ツ)_/¯ - 23-10-2021, 10:43 AM
RE: iFAST - by EnSabahNur - 23-10-2021, 12:31 PM
RE: iFAST - by Curiousparty - 23-10-2021, 10:40 PM
RE: iFAST - by brattzz - 27-04-2022, 10:44 AM
RE: iFAST - by Curiousparty - 24-07-2022, 11:47 AM
RE: iFAST - by weijian - 24-07-2022, 07:49 PM
RE: iFAST - by Curiousparty - 24-07-2022, 11:49 AM
RE: iFAST - by snowballwisdom - 25-07-2022, 10:23 AM
RE: iFAST - by brattzz - 26-07-2022, 03:48 PM
RE: iFAST - by desmondxyz - 25-07-2022, 02:40 PM
RE: iFAST - by weijian - 25-07-2022, 04:29 PM
RE: iFAST - by snowballwisdom - 27-07-2022, 03:59 PM
RE: iFAST - by Curiousparty - 07-01-2023, 08:08 PM
RE: iFAST - by weijian - 21-02-2023, 04:13 PM
RE: iFAST - by EnSabahNur - 23-02-2023, 09:36 PM
RE: iFAST - by dreamybear - 01-09-2023, 01:22 PM
RE: iFAST - by weijian - 01-09-2023, 06:22 PM
RE: iFAST - by EnSabahNur - 01-09-2023, 08:41 PM
RE: iFAST - by weijian - 08-04-2024, 12:37 PM
RE: iFAST - by Curiousparty - 10-04-2024, 12:28 AM
RE: iFAST - by Curiousparty - 21-12-2024, 10:20 AM
RE: iFAST - by weijian - 13-02-2025, 03:46 PM
RE: iFAST - by Curiousparty - 14-04-2024, 08:39 PM
RE: iFAST - by Curiousparty - 27-04-2024, 10:31 PM
RE: iFAST - by Curiousparty - 29-04-2024, 04:04 PM
RE: iFAST - by money - 30-04-2024, 01:44 PM
RE: iFAST - by Curiousparty - 30-04-2024, 07:36 PM
RE: iFAST - by EnSabahNur - 01-05-2024, 09:07 AM
RE: iFAST - by EnSabahNur - 01-05-2024, 09:03 AM
RE: iFAST - by Curiousparty - 05-05-2024, 08:38 AM
RE: iFAST - by Curiousparty - 29-08-2024, 11:25 PM
RE: iFAST - by Curiousparty - 30-04-2024, 01:59 PM
RE: iFAST - by Curiousparty - 01-05-2024, 05:28 PM
RE: iFAST - by Curiousparty - 01-05-2024, 08:12 PM
RE: iFAST - by EnSabahNur - 04-05-2024, 10:11 PM
RE: iFAST - by Curiousparty - 05-05-2024, 10:13 PM
RE: iFAST - by EnSabahNur - 07-05-2024, 09:00 PM
RE: iFAST - by Curiousparty - 08-05-2024, 10:04 PM
RE: iFAST - by weijian - 14-05-2024, 09:56 PM
RE: iFAST - by Curiousparty - 30-05-2024, 06:50 PM
RE: iFAST - by Curiousparty - 30-05-2024, 08:01 PM
RE: iFAST - by EnSabahNur - 25-07-2024, 07:40 PM
RE: iFAST - by weijian - 26-07-2024, 01:09 PM
RE: iFAST - by EnSabahNur - 27-07-2024, 09:22 PM
RE: iFAST - by Curiousparty - 28-07-2024, 08:49 PM
RE: iFAST - by money - 29-07-2024, 02:06 PM
RE: iFAST - by Bibi - 30-07-2024, 09:04 AM
RE: iFAST - by dreamybear - 27-08-2024, 10:26 PM
RE: iFAST - by weijian - 28-08-2024, 10:39 AM
RE: iFAST - by Curiousparty - 29-08-2024, 11:33 PM
RE: iFAST - by dreamybear - 07-09-2024, 11:58 AM
RE: iFAST - by money - 09-09-2024, 11:47 AM
RE: iFAST - by weijian - 27-09-2024, 10:52 AM
RE: iFAST - by Curiousparty - 03-10-2024, 06:45 PM
RE: iFAST - by Curiousparty - 06-10-2024, 07:58 PM
RE: iFAST - by Curiousparty - 26-10-2024, 02:01 PM
RE: iFAST - by Curiousparty - 21-12-2024, 10:34 AM
RE: iFAST - by Curiousparty - 28-12-2024, 08:40 AM
RE: iFAST - by weijian - 28-12-2024, 11:32 AM
RE: iFAST - by Curiousparty - 26-01-2025, 08:54 AM
RE: iFAST - by Curiousparty - 13-02-2025, 09:01 PM
RE: iFAST - by weijian - 14-02-2025, 02:24 PM
RE: iFAST - by Curiousparty - 13-02-2025, 09:09 PM
RE: iFAST - by Curiousparty - 13-02-2025, 09:16 PM
RE: iFAST - by Curiousparty - 14-02-2025, 06:17 PM
RE: iFAST - by Curiousparty - 14-02-2025, 08:54 PM

Forum Jump:


Users browsing this thread: 6 Guest(s)