PhillipCapital Malaysia's managed assets to surpass $633M: MD

PhillipCapital Malaysia expects its total assets under management to surpass RM2 billion or US$633 million by year end from RM1.5 billion presently.

Group Managing Director Andy Lim Say Kiat said the company would continuously offer a comprehensive range of good products and services to boost sales amid increasingly competitive local landscape and uncertain globalmarket.

"We aims to double our assets under management from only RM1.1 billion at the beginning of this year," he said.

In Malaysia, PhillipCapital are represented by Phillip Capital Management Sdn Bhd, Phillip Mutual Bhd, FAME Platform Sdn Bhd, Phillip Wealth Planner Sdn Bhd and Phillip Futures Sdn Bhd.

Lim said the group recently announced a strategic alliance between Planplus and FAME Platform, a member of PhillipCapital.

PlanPlus, a Canada-based company develops financial and investment planning software tools known as Plan-it,and provides industry-leading training for use by financial institutions, professional advisors and educators.

Lim said through this strategic alliance, PhillipCapital's multi-product wealth management platform, known asFAME, would be integrated with Planplus' Plan-it financial planning software, giving access to our financialplanners a world-class tool to further create value for investors.

"We also introduced FAME Mobile, the mobile version of the wealth management platform FAME," he said.

With this platform, Lim said financial advisors and investors were empowered with a mobile application to viewup to date investment portfolio valuation, retrieve cost of investment, unrealised profit or loss andtransaction history for investments in various investment products marketed by the group of companies.

"Financial advisor and investors are provided a handy tool to monitor published price of more than 280 unittrust funds," he said.

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