Unit Trusts From Banks

[jw5]

Need some advice from those who have knowledge or experience.
Don't want to ask the banks as they may give me advice to further their interests, not mine.
If I have previously bought unit trusts from a bank, do not want to sell the unit trusts but would like to terminate relationship with the bank, is it possible to transfer the unit trusts from one bank to another? Or is there any other way to do this?
Thanks for any helpful advice.

 

[Snipeshot08]

Yes you can, here is an interesting link and option for you

http://internetfileserver.phillip.com.sg/POEMS/UnitTrust/Gifs/UTQSG08.pdf

 

[londontrader]

Need some advice from those who have knowledge or experience.
Don't want to ask the banks as they may give me advice to further their interests, not mine.
If I have previously bought unit trusts from a bank, do not want to sell the unit trusts but would like to terminate relationship with the bank, is it possible to transfer the unit trusts from one bank to another? Or is there any other way to do this?
Thanks for any helpful advice.

YES
your new bank or financial adviser will be glad to assist
very straightforward

 

[The Monkees]

unit trusts,those small little fees will kill you if the trusts make only a little percent.
had a bad experience.

 

[londontrader]

unit trusts,those small little fees will kill you if the trusts make only a little percent.
had a bad experience.

You said it!
Have to pay those fees when they lose your money
Have to pay those fees (plus extra performance fee) when they don't lose
Frankly speaking, those fund managers spend a lot of time on "Marketing" the unit trusts, when they should be focusing on investments.
I used to work for one