Four strategies to reject hidden fees and commissions
By Mark Battersby, 7 Feb 17
We are very conscious that expats are often unfamiliar with the Singapore environment and that they are not protected by the same regulation that they are familiar with in the UK, says David Pugh, director of The Fry Group (Singapore).
We maintain a firm stand against hidden fees and commissions and are guided by our core principles of TLC, T (transparency) L (liquidity) C (cost effectiveness). That means that we charge an advisory fee and provide full disclose of all of our fees at the very outset of our engagement with our clients.
We also recommend our clients invest in flexible portfolios that give them liquidity rather than locking them in with penalties or ‘surrender charges’. We align our interests with the success of our clients and grow only when their investments prosper.