Trustbox Pte Ltd, a subsidiary of the esteemed Atlas Consolidated Pte Ltd, has achieved a significant feat, securing the Financial Adviser’s (FA) license from the Monetary Authority of Singapore (MAS). This approval didn’t come easy; MAS conducted an exhaustive evaluation, putting under the lens the firm’s management acumen, the financial strength of both Trustbox and its parent company, internal compliance mechanisms, as well as the company’s forward-looking business blueprints and projections.
Braham Djidjelli, Chief Executive Officer of Trustbox, voiced his thoughts on this accomplishment, “The granting of this licence by the MAS affirms the trust and confidence placed in Trustbox by our financial regulator to uphold the highest standards of integrity in our internal compliance systems. With the FA licence, we are poised to provide tailored and reliable financial advice and solutions, empowering our users with greater control over their finances and assets.”
A Boost for Hugosave and Atlas Consolidated’s Vision
This licensure heralds a transformative phase for both Trustbox and Hugosave, a popular local Wealthcare® and savings application. As part of the Atlas Consolidated family, Hugosave can now expand its service repertoire, enabling a more comprehensive financial advisory suite for its Singapore-based clientele. The license not only positions Trustbox and Hugosave to offer curated financial insights but also paves the way for Hugosave to furnish discernible advice on investment schemes and securities. Their impressive client base, which stands at approximately 70,000, can anticipate novel investment avenues to maximize their savings. More insights regarding these enhanced financial solutions, particularly on Hugosave’s mobile platform, are set to be unveiled later this year.
David Fergusson, the Chief Executive Officer of Atlas Consolidated, expressed his optimism, stating, “This milestone provides Atlas with the opportunity to offer personalised investment recommendations to customers looking to diversify their portfolios and grow their savings, which expands our business opportunities and allowing us to accelerate our mission of elevating lives for all through Wealthcare®.”
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Atlas’ Commitment to Holistic Financial Wellness
This license issuance reaffirms Atlas Consolidated’s relentless dedication to steer and uplift its clientele in their unique financial pursuits. Both through Hugosave and the anticipated B2B venture, Atlas aims to empower its customers. By designing a carefully curated suite of financial products and services, Hugosave remains at the forefront of ensuring its customers are poised confidently against the intricate landscape of financial management, helping them realize their monetary dreams.
