Last January 10, we held the TGFI SG Market Outlook with COL Financial bosses Mr Dino Barte (President/CEO) and the gorgeous Ms April Lee Tan (VP – Head of Research) 🙂 It was jam packed event, with around 330 participants.
Aside from Market outlook which Ms April discussed, Mr Dino also announced some upcoming projects and products that COL will provide on its clients. These includes offering mutual funds thru their own portal. That means, you only need to open one COL account to invest in wide arrays of stocks in PSE and mutual funds offered by various companies like Phiequity, FAMI, PAMI, ATRKE, SUNLIFE and ALFM.
What is more exciting is that, COL managed to waive all the sales load charges (except for SUNLIFE) incurred every time we add fund to our mutual fund. That was one of the best news to investors like me, knowing how much sales load are deducted to our investment everytime we invest.
Sales load is a percentage deducted to our investment everytime we invest. Price varies from 3.5% to .5% depending on the amount of our investment and the fund companies offering the funds. For example, if you invest your P10K in a fund with sales load of 3.5%, your actual money invested is only P9,650 only because P350 will be deducted as sales charge.
I am currently investing in Philequity and FAMI. That means, I will save up to 3.5% every time I add more funds into it. Plus COL Financial is more convenient and friendly in terms of their online platform and customer service.
This project will be launched either end of this month or early February. Before it happens, make sure you already have your account ready and funded 🙂
So, if you are planning to top up on your existing fund or open new account, I suggest you reconsider and open COL Financial account instead. If you have existing mutual fund account, don’t withdraw it. Just leave it there. Only the new account and succeeding top-ups you should consider putting thru COL.
You may sign up your account here: www.colfinancial.com/signup
If you are in Singapore, you may send your application form to iREMIT in Lucky Plaza together with the required documents. They partnered with COL Financial. Plus you can also send your remittance to them, with a transaction fee of only $2.95. Read below guide.
By the way, UITF is under negotiation and might soon be available to COL Financial also 🙂
Happy investing folks!