Asia ready for fee-based services now: iFast
Kelvin Yip tells a forum Asia is ready to pay for advice but managers are too focused on fund features over performance. Panelists question the multi-asset craze and call on Hong Kong to step up investor education.
.jpg.png&c=1&h=677&q=100&v=20244718&w=1204)
A message to all fund managers: Asia is ready for fee-based advisory services now, says Kelvin Yip of iFast Financial.
General manager of the online distribution platform, Yip points out that 95% of the firm’s assets are catered to by a fee-based service, with just 5% based on a transaction fee.
“When we meet new fund managers, they say Asia is not ready for a fee-based model yet,” he said on a distribution panel at AsianInvestor’s recent Art of Asset Management conference in Ho…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.