iFAST Financial Singapore has announced a significant expansion of its Discretionary Portfolio Management Solutions (DPMS) by collaborating with global asset managers BlackRock and JPMorgan Asset Management. This strategic partnership aims to provide wealth advisers with enhanced investment solutions, allowing them to offer clients professionally managed portfolios that improve efficiency and choice.
The collaboration with BlackRock and JPMorgan, two of the world’s largest fund managers, underscores iFAST’s commitment to broadening access to high-quality investment options. Vincent Tong, CEO of iFAST Financial Singapore, stated, “By partnering with two of the world’s largest fund managers, our objective is to make discretionary investment solutions accessible to advisers and the wider public.”
JPMorgan’s discretionary portfolio leverages its active Exchange-Traded Funds (ETFs), offering investors active management at a lower cost. Yuejue Jin, Co-Head of Multi-Asset Solutions Asia at JPMorgan, highlighted the growing demand for actively managed ETFs, noting, “Our goal is to deliver the strength of our active ETF platform and asset allocation investment capabilities to investors in Singapore.”
BlackRock’s DPMS portfolios integrate active funds and passive ETFs, incorporating liquid alternatives to diversify portfolios during market volatility. Dennis Quah, Managing Director and Head of Singapore Wealth at BlackRock, emphasised the importance of a blended approach, stating, “Through a thoughtful blend of asset classes, we seek to help investors navigate market volatility and pursue their long-term goals.”
The introduction of these portfolios aims to reduce the administrative burden on wealth advisers, allowing them to focus on portfolio construction and financial planning. This move is part of iFAST’s ongoing efforts to empower advisers and enhance client experiences, aligning with its mission to provide global and profitable investment opportunities.
