Ifast ensures the MAS -TRUST business license and improves asset management skills

Singapore – Ifast Corp announced on May 2 that his Global Trust, a company registered in Singapore within the group, gave a trust license from the monetary authority of Singapore.

This development extends IFAST's asset management skills by improving their platform to support customers over the entire property cycle, from accumulation and growth to maintenance and legacy planning.

Structures of trust historically play a crucial role in the preservation of family assets of generations, offer relatives such as minors and older people financial security, facilitate continuity and succession planning for business continuity and succession and protection against assets against potential risks or mismanagement.

However, trust solutions are usually limited to people with a high network value (HNW), which is mainly due to high costs, complex structures and strict entry requirements.

With the founding of IFAST Global Trust, the group wants to reduce conventional obstacles and expand trust solutions for more investors. The new offers will not only mean the HNW segment through tailor -made structures, but also to the broader market by removing typical restrictions such as high minimum facilities and cumbersome onboarding processes.

These trust solutions are operated by IFAST's proprietary IT infrastructure and will be accessible via the business-to-business platform from Ifast Singapore for financial advisors and other financial institutions, the FSMONE platform of business-to-consumer and the adequate Ifast Global Market platform.

Mr. Tan Check, General Manager of IFAST Global Trust, said: “Ifast Global Trust, recognizes that today's customers are affordable, transparency and comfort in addition to the service excellence. The digital platform on which the Trust solutions are based enables efficient administration, integration with legacy planning targets and direct access to a wide range Suite of financial products on the IFAST investment platform. “

On April 28, the group's share price fell by 11.7 percent after the operator of the investment platform gained the profit of the Hong Kong before the tax goal for 2025 to $ 380 million ($ 64.3 million) from the earlier instructions of 500 million HK $.

The input tax of his business in Hong Kong decreased by 6.8 percent to $ 12.3 million due to higher investments before onboarding.

Based on his winning report published on April 25, the company based in Singapore achieved an increase in net profit of 31.2 percent in the first quarter, which ended on March 31 compared to the previous year. This was due to a sales increase of 24.4 percent to USD $ 106.9 million.

The company also explained a preliminary dividend of 1.6 shares per share of 1.3 cents in the previous year.

The IFAST CORP shares closed 1.3 percent on May 2 at $ 6.30. The business hours closed

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