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iFAST update: Moat growing wider
By Evergreen Investing  •  April 1, 2019

iFAST has published their 2018 annual report with the company reporting the highest growth in client accounts since it was listed.

These statistics were previously released in their February 2019 results presentation but they jumped out at me when I was reading their annual report.

As of end 2018, the number of client accounts grew 27% year on year to 330,000 which marks the highest growth for the company since it was listed in 2014.

The company’s B2B platform also showed healthy growth with the number of advisers using the platform growing 15% year on year.

As I mentioned in my earlier post, iFAST benefits from network effects so a bigger client base is likely to attract even more product providers and advisers onto their platform.

Lastly, it seems retail shareholders are becoming pessimistic on iFAST. The number of shareholders as of March 2019 has fallen 5% year on year

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By Evergreen Investing
I have been investing over the last 8 years and felt inspired to start this blog after getting many questions from friends and family about dividend investing. The Evergreen Investing blog aims to prove that a portfolio of SGX income stocks can generate decent annual returns through dividends and capital gains over a 5 year period ...
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