Fundsupermart.com is the online unit trust distribution arm of iFAST Financial Pte Ltd. iFAST Financial Pte Ltd is Singapore's leading online distributor of unit trusts as well as the leading operator of an investment platform for financial advisers and financial institutions. It carries the Capital Markets Services (CMS) License and Financial Adviser (FA) License issued by the Monetary Authority of Singapore (MAS), and is also one of three appointed Central Provident Board (CPF) Investment Administrators.
iFAST Financial Pte Ltd is a wholly-owned subsidiary of iFAST Corporation Pte Ltd.
iFAST Corporation has two corporate shareholders. They are SPH AsiaOne Ltd, the Internet arm of Singapore Press Holdings, Singapore's largest media group, and DMG & Partners Securities Pte Ltd (51% owned by OSK Investment Bank of Malaysia and 49% owned by Deutsche Bank).
In recent years, iFAST Corp has been expanding beyond local shores. It is now the holding company for various iFAST subsidiaries overseas. In 2007, iFAST Corp launched its first overseas business, Fundsupermart.com in Hong Kong. In the same year, iFAST Corp entered into a JV agreement with OSK Investment Bank Bhd to prepare for its business entry in Malaysia. In 2008, iFAST Corp entered into a joint venture agreement with Deutsche Bank's asset management division, to expand its businesses to India in the first half of 2009.
iFAST Financial Pte Ltd is an entity licensed by MAS to conduct the following regulated activities:
- To give advice on investment products in writing or publishing through various medium, which includes but not limited to magazines and websites,
- To give advice on investment products by issuing or announcing research analysis or reports publicly in various forms, which includes but not limited to magazines and websites,
- To market unit trust, and
- To arrange for life insurance contract.
