Accredited Investor

[addict951]

AIs here - can discuss what benefits you get & wif which fin/bank institutions?

On a separate note, do y’all think they sic lists/contacts discreetly?
I’m saying so from my own experience - so few weeks ago bank A asked me want be AI.
Very fast I tell you, suddenly emails from Banks B & C popped up asked me the same thing too. Too much of a coincidence

 

[Mephist0pheLes]

to qualify for AI is 300k income?

 

[limster]

banks have never asked me whether I want to be AI.

Since premier/priority banking is mostly pointless, declaring AI doesn't improve thiings.

The only exception is brokerage firms- good to declare AI in order to avoid having to waste time doing some random SGX quiz before you are allowed to trade. It also allows you to see the funds available that are restricted to AI, like Vanguard funds in FSMOne.

And now FSMOne has finally removed platform Fee for Diamond tier, so those funds might actually be a good option.

 

[d5dude]

Only benefit is you get to trade certain OTC products that are off limits to other people.

 

[little pupsky]

With Endowus for example, you get to invest in hedge fund and private equity vehicles.

 

[reddevil0728]

Actually I think the “disadvantage” of being AI is you have less protection” cause technically you should know what you are doing better

 

[Athrun Zala]

Advantage of AI ish access to a wider range of products, lower comms and higher leverage

Declaring AI does not help with bread and butter stuff like better rates for FDs and loans. Those ish see AUM

 

[light84]

Can buy quasi-gahmen bonds like HDB, LTA, NEA etc.

 

[sPacEmAn_sPiFf]

Jskm got $1 million in net assets

 

[DevilPlate]

Jskm got $1 million in net assets

Need 2M now.

pros and cons listed below
https://www.dbs.com.sg/treasures/articles/wealth-feed/what-is-accredited-investor

 

[DevilPlate]

Can buy quasi-gahmen bonds like HDB, LTA, NEA etc.

I enquire FSMOne before, no need to declare AI to purchase wholesale bonds. (250k lot)

strangely bite sized bond express required AI status haha

 

[d5dude]

I enquire FSMOne before, no need to declare AI to purchase wholesale bonds. (250k lot)

Yes anyone can buy wholesale bonds as long as he is buying 1 full lot, dun need to declare AI.

strangely bite sized bond express required AI status haha

Meanwhile there are lots more risky stuff like spread betting that doesnt require one to be AI so this is very strange indeed...

 

[light84]

I enquire FSMOne before, no need to declare AI to purchase wholesale bonds. (250k lot)

strangely bite sized bond express required AI status haha

Thank you for sharing. I always tot need AI

 

[wira]

DBS digital exchange ( to trade crypto) also needs AI

 

[Nofear40]

Need 2M now.

pros and cons listed below
https://www.dbs.com.sg/treasures/articles/wealth-feed/what-is-accredited-investor

The million dollar hdb counted ? lol

 

[reddevil0728]

The million dollar hdb counted ? lol

You never click the link?

got say what

 

[alt2015]

banks have never asked me whether I want to be AI.

Since premier/priority banking is mostly pointless, declaring AI doesn't improve thiings.

The only exception is brokerage firms- good to declare AI in order to avoid having to waste time doing some random SGX quiz before you are allowed to trade. It also allows you to see the funds available that are restricted to AI, like Vanguard funds in FSMOne.

And now FSMOne has finally removed platform Fee for Diamond tier, so those funds might actually be a good option.

Diamond tier no platform fee .. for all funds and bonds?

 

[wira]

The million dollar hdb counted ? lol

• At least S$2 million of net personal assets, of which the net value of your primary place of residence can only contribute up to S$1 million

 

[limster]

Diamond tier no platform fee .. for all funds and bonds?

Website only says unit trusts:
https://secure.fundsupermart.com/fsm/new-to-fsm/fsmone-prestige

 

[hwarzoner]

Net financial asset of 1 million