FSM MAPS - Unpacking Singapore's Robo-Advisory and Investment Platforms

  • Wed, Jun 10, 2020
  • 2-minute read

Disclaimer: The following content is provided for informational purposes only and should not be construed as financial advice. Consult with a financial professional before making any investment decisions.

Following our previous discourse in June 2020, we now turn our focus to iFast’s MAPS platform, otherwise known as FSM MAPS.

FSM MAPS: A Detailed Review

https://secure.fundsupermart.com/fsm/maps/info/introduction

In a Nutshell: Presently my top pick. Provides excellent, complimentary research that promotes trust and professionalism. It’s highly diversified and boasts decent returns up to the present. It’s robustness leaves many comparable fee-based startups and robo-services seeming rudimentary.

  • Slightly above-average requirements, but practical.
  • Adheres strictly to their own timelines.
  • Requires proof of residence, after which you will receive access codes via mail—generally a week-long process.
  • User experience rating: 4/5

The Upsides

  • Instills a sense of trust and professionalism.
  • Charges relatively low fees.
  • MAPS portfolios are completely automated.
  • Offers substantial diversification.
  • Account panel provides full transparency into your holdings.
  • Quarterly reports and annual outlook statements are published to justify their decision-making process.
  • Monthly e-statements detail the transactions made on your behalf.
  • Funds transfers from a Singaporean bank account are almost instantaneous.
  • Supports lump-sum or Regular Savings Plan (RSP) investments, enabling dollar-cost averaging.

The Downsides

  • More advanced platforms are available for self-directed investing outside of MAPS, notably SaxoTraderGo.
  • The platform/Account panel may come across as a bit complex.
  • Operates as a custodian, similar to many other platforms.
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