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GYC brings Dimensions’ institutional strategies to individual accredited investors

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Boutique wealth manager GYC Financial Advisory has signed a platform agreement to work with global investment firm Dimensional Fund Advisors.

GYC will now be able to advise its clients who are individual accredited investors on Dimensional's strategies, which were previously mostly only available to large institutions in Singapore.
 
GYC's high-net-worth clients now have access to Dimensional's investment expertise, track record and low cost fee structure.
 
According to GYC, Dimensional's equity strategies have total expense ratios (TER) from as low as 38 basis points (0.38 per cent) this year, compared with 180 bps (1.8 per cent) of most traditional equity fund managers.
 
To work with Dimensional, financial advisers such as GYC are required to participate in an education and training programme that includes understanding and subscribing to Dimensional's investment philosophy.
 
Goh Yang Chye (pictured), founder and CEO of GYC Financial Advisory, says: "Working closely with Dimensional these last few months has been very significant for GYC, as we believe our ethos and investment philosophies are largely similar. In addition, the establishment of the platform to access Dimensional strategies for accredited investors is an important milestone for us, as it signifies a beginning for GYC to start collaborating with other financial advisers and RFMCs to bring better investment solutions to investors in Singapore."
 
GYC clients who are accredited investors can now access Dimensional strategies through GYC's Everest portfolio of funds, which has a 0 per cent upfront fee option.
 
Chye adds: "Dimensional's no trailer commission model was an important consideration for GYC as it forced us to review our cost structure and fee model with our clients. In fact, we have even gone one step further and introduced a 0 per cent upfront fee for our Everest portfolios that provide access to Dimensional's strategies, as this is the new reality we have to embrace in order to be at the forefront of the wealth management business."
 
GYC differentiates itself from other wealth managers by having a 'risk first' approach. Chye says: “Rather than talking about potential returns, we tell our clients what is the potential loss (value at risk and volatility) for a desired return and make sure they are comfortable with that before proceeding. In addition, all our portfolios are underpinned by our proprietary risk management system called the Risk Matrix, which will help mitigate volatility.”
 
Peng Chen, CEO of Dimensional's Asia ex-Japan office, says: "We are very excited to be able to work closely with GYC Financial Advisory in Singapore. Dimensional's experience in working with advisers globally and GYC Financial Advisory's local expertise is powerful as we aim to deliver a successful investment experience to investors."

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