Err.. I have no idea on the sales charge lei. Just ikan bilis, cannot engage a financial consultant company to manage my monies. Hehe..

should be 3% out of the amount you put to invest

eg. invest in rm1k, rm30 will go to iFast/fund house/your advisor/your advisor's company

in that case FSM is much cheaper....
now we know that the trading is not faster,..needed paperwork...maybe to prevent emotional trade?
Sales Charges is more than FSM...
btw, what is the IFAST advantage over FSM?

wouldn't call it an advantage, but the difference is you have your financial planner to help you keep an eye on the stuff, he will advise you from time to time, his commission ride on the performance of the funds, hence if the funds are losing money then his commission will reduce as well

this is more suitable for those don't have the time to monitor prices all the time, and also to those very new to the world of UT like me

now that is something good and new, any source on that?

They got help invest or trade in shares as well?

Asian market opens in RED today.

Last Friday, US closed in RED.

Today if Shanghai in red sea, top up Eastspring GEM

They charge a ~0.5%-1.0% p.a.wrap fee for those service. The wrap fee is based on total invested NAV, hence when your NAV goes down, his commission also goes down. However to compensate on the wrap fee, the sales charges are lowered to 0.5%-1.0% per purchase/switch accordingly.

So fee structure will be :-

1 Wrap fee 0.5%-1.0% p.a. based on daily NAV
2. Sales charge 0.5%-1.0% - one time
3. Fund Management fee - 1.0%-2.0% p.a. based on daily NAV

So for example your holding is 100K RM daily average, the 'FA' fees will be RM 500- RM 1000 per annum for his advice...

So whether if it is suitable for you or not, depends.. and they only trade in UT carried by FSM. And each FA can have many clients... and your UT portfolio will tend to be trade heavy...

This post has been edited by gark: Jun 3 2013, 11:38 AM

Pakcik gark, u pernah pakai iFast? Why u know so much geh

If that's the case, better go to FSM direct, learn to DIY better

No not using them.. just know only...

Not everyone expert like you can DIY...

Maybe you can become FA here... charge 0.25% for you to 'DIY' other people's account. Can earn side money...

This post has been edited by gark: Jun 3 2013, 11:52 AM

Big shark got RM100K NAV, RM100K x 0.25% = RM250

per month or per annum jek

per annum... Ok what, click click 2-3 times a month only per client....More money look for more clients lah..

This post has been edited by gark: Jun 3 2013, 11:56 AM

Not worth my trouble, RM250 1 nite at pub already kaboom

But easy job mah.. click few times a month... monitor the balance... i think not hard work since you already doing the monitoring daily.

This post has been edited by gark: Jun 3 2013, 11:57 AM

Ooh u mean 0.25% PER PORTFOLIO REVIEW?

Worth thinking

As usual, caveat emptor

fund switching is free iinm
my friend told me that for any subsequent topup, 3% will be imposed out of the amount, as the sales charge

not sure about the wrap fee rate though.. he told alot of things but now I forgot 70% of it, I am noob in $$ figures

update: wrap fee is 1.5% per annum

currently not much funds in iFast la, in the future might create a separate account in FSM, for now, let my friend earn abit duit kopi lorr

btw, how is the rate for FSM?

This post has been edited by PhakFuhZai: Jun 3 2013, 01:47 PM

http://www.fundsupermart.com.my/main/faq/faq.svdo?id=1083#1

so how is the calculation being carried out actually

shit HSB dropping like shit.. is it normal?

u refering to the bond ?

then maybe u should read this

http://www.fundsupermart.com.my/main/resea...?articleNo=3485