Singapore (5 January 2017) – Phillip Securities Pte Ltd (A member of PhillipCapital) announced that there will be zero fees for retail investors who invest/trade Unit Trusts online via POEMS suite of trading platforms. There will be no sales charge, no platform fee and no switching fee as compared to other online distributors. Phillip Securities long term strategy for POEMS (Phillip Online Electronic Mart System) remains to provide a one-stop trading platform for multiple products i.e Global Stocks, Unit Trusts, Contracts For Difference, Bonds etc. and continue to be the market leader in this area.
“As part of our continual journey of building our multi-product offerings to our customers under one roof, the 0% fee (no sales charge and no platform fee) for online POEMS Unit Trust trades is part of our strategy to allow customers to consolidate their assets with us. We believe that this strategy aligns both our company and clients’ interest as the company gains in terms of asset gathering and customers will gain in terms of lower/no cost and convenience.”
“With regards to the landscape, online trading is here to stay and we are prepared to embrace it for customers who have preference to invest/trade via online. However, we also believe that certain group of customers still value the human touch and hence continue to pay for the advice and services provided by the Financial Adviser Reps and Trading Reps. Our 40 years of consistent growth is a testament of our professional servitude to all our stakeholders including customers,” said Lisa Lee, Executive Director of Phillip Securities.
Since 1975, the PhillipCapital network has grown into an integrated Asian financial house with a global presence that offers a full range of quality and innovative services to retail and high net worth individuals, family offices, corporate and institutional customers.
Since 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence that offers a full range of quality and innovative services to retail, corporate and institutional customers.
Our comprehensive suite of financial products and services includes fund management, managed accounts, unit trusts, insurance planning, regular savings, contracts for difference, exchange traded funds, investment research, equity financing, property; and broking in bonds, securities, futures, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.
With more than 3,500 employees and over 900,000 clients worldwide, our assets under custody/management totals to more than USD 24 Billion with shareholders' funds in excess of USD 1 Billion.
PhillipCapital (with headquarters in Singapore) operates in the financial hubs of 16 countries, with offices in Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, UAE, UK, France, Turkey, Australia and USA.