Frequently Asked Questions

Securities Advisory Service

Where can I get the Securities Advisory Service Information Sheet?

The Securities Advisory Service Information Sheet can be found at here

What is an advisory Securities Advisory Service?

The Securities Advisory Service allows your representative to recommend stocks and assist to place trades for you upon your confirmation.

Who might find the Securities Advisory Service useful?

If you are an investor who does not have the time, willingness, or ability to trade yourself or do not want to carry out discretionary investments, the Securities Advisory Service may suit you. The service may also be useful if you prefer to receive bespoke stock recommendations and order placement services from your representative/ advisor.

Who can apply for the Securities Advisory Service?

Individual, joint or corporate customers may apply for the Securities Advisory Service. Please consult your representative/ advisor for a suitability assessment.

How do I apply for the Securities Advisory Service?

To apply for the Securities Advisory Service, please consult your representative/ advisor for a suitability assessment.

What is the account type that will be opened for me under a Securities Advisory Service?

A Phillip Investment Account - Prepaid (CC) will be opened for you to commence the Securities Advisory Service.

How much do I need to start and what are the fees for the Securities Advisory Service?

The requirement to start the Securities Advisory Service is a minimum initial deposit of S$25,000 cash or stocks equivalent (can be transferred-in from CDP/ other broking houses). The ongoing monthly wrap fee and brokerages for every trade are applicable as well.

How do I view my holdings?

You may login to POEMS using your account number and view your holdings under "Account Details". You may also view your monthly statement sent to you, or contact your representative/ advisor.

Can I use the same account to perform online trades on my own?

You may not use the same account to place POEMS online trades yourself. All trades must be placed by your representative on your behalf.

Can I invest using CPF/SRS monies for the Securities Advisory Service?

No. CPF/SRS monies cannot be used for the Securities Advisory Service.