FAQ

Here are answers to some of the more frequent questions people ask us

Whitman typically serves high net worth clients with a minimum asset worth of RM2 million. However, as of 2008, we expanded our services to include Money Optimization Services for individuals and families with varying asset levels, so you may still be eligible to become a Whitman client. To determine your eligibility, please contact us for personalised assessment.

Our service encompasses the following:

  • Family Office service fees range from RM10,000 to RM26,000 per annum, depending on the asset worth of the client and the complexity of the case.
  • Money Optimisation service fees range from as low as RM1,800 to RM6,200 per annum, depending on the client’s asset worth.
  • Our SRO advisory service is available for a low introductory fee starting from RM954 per year.

Independent financial advisors (IFA), are licensed financial advisors who give unbiased advice on various personal financial matters and have access to a wide range of solutions, allowing them to recommend the most suitable options for your unique situation.

An Independent Financial Advisor is a financial advisor/planner who holds a Financial Advisor Representative (FAR) license issued by Bank Negara Malaysia, a Capital Markets Services Representative’s (CMSRL) license issued by the Securities Commission (SC) of Malaysia, and is registered under a Corporate Unit Trust Advisers (CUTA) with the Federation of Investment Managers Malaysia (FIMM).

With these qualifications, IFAs can offer a comprehensive approach to your overall financial well-being.

At Whitman, our team of independent financial advisors (IFA) are highly qualified and experienced professionals who adhere to a strict code of ethics and professional conduct established by the SC and personally trained by our founder, Mr Yap Ming Hui. We are committed to ongoing professional development to ensure we stay up-to-date with the latest financial regulations and investment strategies.

Anyone looking for personalised financial guidance and a long-term relationship with a trusted advisor can benefit from an Independent Financial Advisor (IFA). If you feel overwhelmed by the complexities of financial planning or simply want an experienced professional to guide you towards your financial goals, consider partnering with an IFA.

At Whitman, we assist you to develop, plan and execute strategies to grow your wealth with high certainty. We help you to monitor the impact of these implementations so that you can make the necessary change if needed. As your advisor, we work diligently to help you capitalise on financial opportunities and avoid critical financial pitfalls. Think of us as a personal coach whose goal it is to help you organise your finances and establish disciplines to satisfy your needs and desires.

Yes. We have strategic alliances with many established financial firms and institutions that enable us to seamlessly access and prescribe a range of products and services tailored to your specific plan.

As an independent financial advisory company, we are free to choose the best investment for you, delivering personalized wealth management services that can meet your unique needs. As a result, our clients do not have to take the trouble to search, select and deal with multiple providers.

Contact Whitman today to schedule a complimentary consultation with one of our experienced Independent Financial Advisors (IFA). We do not charge for the first meeting. You are not required to bring anything to the first meeting. We will assign to you a dedicated independent financial advisor that has advisory experience with clients similar to your unique background. We believe everyone deserves a clear path to financial freedom, and we look forward to guiding you on your journey.

During the consultation, we will discuss your financial goals and concerns and answer any questions you may have. We will also share about our service options and processes according to your financial situation.

Our team will set up an initial meeting with you to understand your current financial situation, your goals and your dreams. Together, we will develop a list of priorities that are important to you in your wealth management. We then analyse all this information and present our findings, recommendations and appropriate strategies for your consideration. Depending on your needs, we can also assist in implementing the strategies on your behalf.

As part of our commitment to your success, we will meet you on a regular basis to monitor and review the plan with you. An assessment will be conducted on the implemented strategies and new ones would be recommended if needed.

We believe that ‘you can’t provide us too much information’. We are interested to learn about your personal financial situation, concerns, goals, values and past experiences.

For the Family Office and Money Optimisation service, we would need to have a big picture overview of your financial situation. Therefore, you will need to furnish us with your assets and liabilities statement and income statement.

If you have any concerns or complaints about any unit trust fund, you can contact FIMM at 603-2092 3800 (www.fimm.com.my) or the Investor Affairs & Complaints Department of the Securities Commission at 603-6204 8999.