Australia-based Easton Investments' purchase of 20% of AAM Advisory will give the Singaporean firm the firepower to buy into local rivals.
Tag : ifas
The Monetary Authority of Singapore has set out recommendations from its Financial Advisory Industry Review. Insurers may be relieved the rules don't go as far as some expected.
Changes may be coming with regard to how the territory's regulators treat commission disclosure and investment-linked assurance schemes.
As the Asian financial advisory market grows in size and importance, Singapore IFAs are embracing fee-based models quicker than their peers in Hong Kong, says NMG Consulting.
And tighter rules on investment-product sales following the crisis are not helping matters, according to a report from the US funds-research house.
