Asia Unhedged | New Singapore, Hong Kong rules may upend wealth management fee-sharing
Photo: Wikipedia Commons
Photo: Wikipedia Commons
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New Singapore, Hong Kong rules may upend wealth management fee-sharing

Disclosure rules could strike a blow to smaller firms

April 15, 2017 2:11 AM (UTC+8)

New proposals are being considered to require wealth managers in Hong Kong and Singapore to disclose fees they are paid to sell products, a move that would upend many firms’ business model, reports Reuters.

The increased scrutiny of fee-sharing could lead to a drop in fees for managers and even push investors to buy products directly from fund managers.

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