Investors will be able to transact stocks/ETFs online via a single multi-product investment account
iFAST Capital Sdn Bhd (iFAST Malaysia) has obtained approval-in-principle to carry out the regulated activity of dealing in securities such as stocks and ETFs from the Securities Commission Malaysia (SC).
This represents a major milestone for iFAST Malaysia, as the last participating organisation (PO) was granted back in 2010.
In line with SC’s recent announcement calling out the stockbroking industry to be more innovative, iFAST Malaysia has responded by being the first in Malaysia to provide a comprehensive wealth management platform which enables investors to invest in a variety of instruments locally and internationally.
Aside from the existing products such as unit trusts, retail bonds, managed portfolios and insurances, investors can look forward to transacting stocks/ETFs online via a single multi-product investment account seamlessly on both iFAST Malaysia’s B2C FSMOne.com and B2B iFAST platforms at competitive rates.
“We will continue to strive to provide an innovative multi-asset platform where investors can invest, manage and consolidate their stocks, ETFs, unit trusts, bonds and managed portfolio all in one place,” said Dennis Tan, managing director of iFAST Malaysia.
Celebrating a milestone
As of June 2020, iFAST Malaysia has assets under administration of RM3 bil.
To express its gratitude and appreciation to all investors and in celebration of this milestone, iFAST Malaysia is giving away RM10,000 worth of dining vouchers to investors who purchase any unit trust funds of any amount between 17 August and 28 August 2020 through its B2C platform, FSMOne.com.
iFAST Malaysia is a holder of a Capital Markets Services Licence (CMSL) and is licensed by the Securities Commission to deal in unit trusts and offer investment advisory services. It is also registered with the Federation of Investment Managers Malaysia (FiMM) as an Institutional Unit Trust Adviser (IUTA).
iFAST Malaysia is part of iFAST Corporation Ltd (iFAST Corp), Singapore’s leading Fintech wealth management platform, which was listed on the Singapore Exchange Mainboard in December 2014.
iFAST Malaysia was established in Malaysia in 2007 as a unit trust platform to serve financial advisers and provides a wide range of information on global markets and strong online tools for financial advisers to analyse unit trust portfolios.