Top 6 Asset Management Firms in Singapore to Consider Investing in 2018
Before learning about the top asset management firms in Singapore that you should invest with before the end of the year, let’s start by learning a bit about asset management. Basically, asset management is deciding where you should be investing your money. The companies that offer asset management services take care of massive sums of money for an individual or corporate clients. Firms in charge of asset management have more choices for what to do with the money, in a freestanding way or by choosing to put money into a fund they run. They do it on a “fiduciary basis”, meaning it’s based on a relationship of trust.
Financial advisors that work for asset management firms will help investors take advantage of various financial opportunities in a region, company or product. An investor should turn to asset management when he wants a diverse portfolio that minimizes risk. The main clientele of an asset management firm is corporate clients that want to have pension funds managed, and insurance companies or retail banks that have a large sum of money from individual savings trusted to them. Asset management firms also offer other services, for example, they also work with individual investors who want better management of their money.
Asset management firms make their profits from the fee they charge their clients. This is the sum of money a client will pay to have his assets managed by the company. This money is usually a part of the invested money. However, asset management firms are different from investment banks as they will not conduct the trading activity for their own profit.
The market in Singapore, like the rest of the world, needs asset management firms for a simple reason: to protect our money in the future. Plus, asset management companies provide capital for the economy by investing a client’s money in equity products or corporate debt.
Asset management firms represent an excellent choice in times of financial crisis because their approach is usually to make long-term investments, which help them survive financial turbulence and keep their clients’ money safe.
So, which are the top asset management firms in Singapore to invest in at the end of 2018? If you are looking to begin a relationship with an asset management firm, here is a list that may help you make up your mind:
1. State Street Global Advisors
State Street Global Advisors is one of the best asset management firms based in Singapore to invest your money with. The company is the “investment management division” of the well-known State Street Corporation. This asset management firm is actually the fifth largest in the world. The company offers services to financial clients by creating investment strategies for various entities, such as associations, corporations or businesses.
2. Standard Life Aberdeen
The second recommendation for an asset management firm is the Standard Life Aberdeen Company, a global firm that comes from Scotland. The company is recognized in Singapore by both local and international clients to be a very reputable asset management company to work with.
UBS is also an international company that offers asset management services well-recognized in Singapore. The UBS Group is based in Switzerland and offers financial services to various clients. The group is famous for its strict bank-client confidentiality and also for the culture of “bank secrecy”. The UBS group is also recognized in Europe.
BlackRock is also a very good asset management firm to invest with at the end of 2018 in Singapore. The “global investment management corporation” is based in New York City and is recognized all over the world for the high-quality services offered to its various clients. It was initially a risk management institutional asset manager, but today BlackRock is the largest asset manager in the world, a global corporation that has clients all over the world. It is a top company in Singapore and it is highly recommended that you invest your money with them.
5. The Vanguard Group
The fifth choice for an investor looking for an asset management firm in Singapore is The Vanguard Group, an investment advisor based in the United States which is well-known in Singapore. The company is currently the largest mutual fund provider in the world. The firm also offers variable and fixed annuities, brokerage services and asset management.
6. Fidelity Investments
Another top asset management company recognized in Singapore is Fidelity Investments, a multinational financial corporation that is based in Boston, Massachusetts. This is actually one of the largest companies in the world to offer asset managing services. The company operates a brokerage firm and also manages mutual funds, provides investment advice and retirement services.
How to choose the best asset management firm for you
Now that you know about a few of the best asset management firms in Singapore that you could invest your money with at the end of 2018, you’ll want to know how to reach a decision that is right for your assets. The best decision for you depends on your own objectives for the future, and also on more realistic aspects such as the fee applied by each company for these services.
Our advice is to first do your research and see what the market prices are, what services each of these top companies offer, how do they treat clients, and which area are they more recognized for. If you are an individual investor who wants asset management, you shouldn’t choose a company that works better with corporations. Ask around; your friends in the industry may give you a tip or two that will help you make a better decision.
In the end, it comes down to constructing your portfolio well, setting your objectives for the coming years and choosing an asset management firm you can trust. It is very important to have the right mindset to work with your financial manager and make sure that they work to keep your money safe.
Asset management firms are very beneficial to corporations and individual investors looking to keep their money safe while investing in the best stocks and bonds they can find. Choosing a top asset management firm in Singapore can help the value of your money grow, so choose wisely!
Here are some other interesting articles you should check out:
・Top 10 most expensive cats in the world 2018
・How to pick High Growth Stocks for your Investment Portfolio? Lessons from Pete Tan, Investment Coach, Value Investing College
・9 Jobs That Will Be Replaced By AI In The Near Future