The Hindu : Business : iFAST offers wealth management platform

Online edition of India's National Newspaper
Thursday, Apr 30, 2009
ePaper | Mobile/PDA Version

Business

Business

iFAST offers wealth management platform

Corporate Reporter

To act as the link between the AMCs and IFAs

CHENNAI: iFAST Financial India, a wholly-owned subsidiary of iFAST India Investments Pte Ltd, Singapore announced on Wednesday the launch of its integrated wealth management platform in India.

The online business-to-business (B2B) platform will offer integrated mutual fund products and services to independent financial advisers (IFAs). Addressing presspersons here, Rajesh Krishnamoorthy, Managing Director, said the platform would act as the link between the asset management companies and the IFAs, financial institutions and their respective clients, to offer them end-to-end investment management solutions. iFAST Financial India has also come out with DeAM PMS Wrap Portfolio account, a unique offering by Deutsche Asset Management, India. This investment opportunity is available exclusively to clients of advisers on the iFAST platform. This is a non-discretionary portfolio management services account that allows IFAs to provide need-based investment solutions. It enables clients to ‘wrap’ all their mutual fund transactions and holdings into one account, giving them substantial advantages. One of the benefits of this account is that clients will be able to switch between funds of different AMCs without incurring any entry loads on the fund being switched into.

Printer friendly page
Send this article to Friends by E-Mail

Business