Moving your Singapore share portfolio just got easier

For Singapore investors who own both local and international securities, a new solution is now available to simplify portfolio management. Tiger Brokers, a local brokerage firm, has introduced a digital service that allows investors to consolidate their Central Depository (CDP) accounts with overseas brokerages onto a single platform. This streamlines the otherwise complex process of managing diverse investment holdings.

Traditionally, investors have been required to switch between multiple platforms to keep track of their local and overseas investments, making it difficult to maintain an accurate portfolio overview. By consolidating these holdings onto Tiger Brokers' platform, investors can now monitor their asset allocation, investment performance, and overall risk in one place.

Three key benefits are offered by consolidating your portfolio through Tiger Brokers:

1. Convenience: Managing investments on a single platform eliminates the need to sift through old statements to verify holdings, saving investors valuable time. The Tiger Brokers app provides an electronic monthly statement, making it easier to monitor performance and manage asset allocation.

2. Cost savings: Tiger Brokers currently does not charge custody fees for Singapore stocks, absorbing the related expenses. This removes a hidden cost that can accumulate over time and erode long-term investment returns. Furthermore, investors can use eligible securities as collateral to access financing, providing greater flexibility with their capital.

3. Enhanced services: By consolidating investments, investors gain access to additional wealth management services, including personalised investment insights, asset allocation advice, and portfolio management tools. This comprehensive view of holdings can help investors make more informed decisions and maintain a clear record of their portfolio.