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GS Wealth were given a licence by the MAS to advise clients with total net personal assets exceeding S$2m (or foreign equivalent), or with income in the preceding 12 month of at least S$300,000, or a corporation with total assets worth at least S$10m.
However, the MAS said GS Wealth breached the conditions of its licence by providing advice to individuals who did not meet the criteria and has therefore been reprimanded.
The fee is 0.2% and the ticker is SP20
Reforms will see the £360bn of assets in 86 local government pension schemes pooled into eight ‘mega funds’
Ian Aylward joins from Barclays Wealth
Fee reduced 15 basis points to 0.50%
Quality and low volatility characteristics expected to outperform
September’s fund flow data showed investors taking action prior to the Autumn Budget, according to the Investment Association
