Why don't u ask iFast and/or FSM and tell us the difference between opening an account with iFast and opening an account with FSM

open in iFast will through an advisor or something like a financial company that provide many financial services. FSM is direct to customer..

How about Sales Charges? Similar or slightly higher than FSM? Saw at website they mentioned about "lower SCs"...

With Client Investment Specialists like Eugene and Felix, I'd rather go for FSM

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?

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...

WHAT KIND OF CHARGES DO I HAVE TO PAY?

A: There are 2 types of charges. One is the sales charge and the other is the annual expense of the fund.
The normal sales charge for most equity funds are around 7%. However, at Fundsupermart, the advantage is that most equity funds are sold at around 2% sales charge. The sales charge is applied at purchase.

The annual expense of the fund is what is charged to the fund. This includes the fund manager's annual management fee, and other administrative fees that are incurred in the running of the fund. You do not really need to fork out additional money to pay for the annual management charge to the fund manager. They will actually deduct it from the Net Asset Value of the fund daily, and the published price will take into account of the pro-rated annual management charge.

today portfolio drop lagi..