1. Our
Investment
Team
Albert Lam
Managing Director,
Investment Division
Currently heading IPPFA’s
Investment Division, Albert is also
the chairman of our Investment
Committee, responsible for the
oversight of economic and
investment research.
Prior to joining IPPFA, he worked as
an analyst with DBS Vickers after
being in the mortgage financing
business in Canada and Singapore
in his early years.
Having spent more than two
decades delving in investment
products and services, including
property financing, stock analysis,
fund management and investment
advisory, Albert is a regular
contributor to Business Times
Weekend and is often quoted in
The Straits Times and on Channel
News Asia. Albert is also a much
sought-after speaker and adviser
for financial issues.
Tan Lye Poh
Director,
Wealth Management
Lye Poh sits on IPPFA’s Senior
Management Board and also
watches over Investment
Operations.
A member of IPPFA’s Investment
Committee, he is responsible for
the oversight of economic and
investment research. Lye Poh
oversees the management and
operations of a key group of
IPPFA’s overseas institutional
clients, with a total portfolio size of
over S$1bn.
Prior to joining IPPFA, Lye Poh
was a Senior Manager at AIA Co.
Ltd’s Marketing and Corporate
Communications Department. In
his 12 years in the industry, Lye Poh
has gained experience across
wide-ranging fields beyond
investment research and
financial planning.
Eddy Tan
Head,
Alternative Investments
Eddy Tan heads IPP’s Alternative
Investment desk, where he
assesses and reviews alternative
investment products for accredited
investors. He has also been
championing the “retailisation” of
hedge funds and absolute return
products for retail investors. Eddy is
a director of IPP’s Hong Kong office
and a member of IPP’s investment
committees in both the Singapore
and Hong Kong operations.
Eddy graduated with Bachelor’s
and Master’s degrees from
Massachusetts Institute
of Technology.
David Mok
Head,
Fund Management
Heading IPPFA’s fund management
services, David is a senior
investment team member
overseeing investment evaluation,
selection and strategy. He also
runs a proprietary equity fund,
which aims to provide positive
capital gains from diversified Asia-
Pacific equities.
With more than 20 years of industry
experience, his expertise saw him
leading the Trading and Principal
Investment unit at CIMB-GK
Securities. Prior to that, David
was the Head of Singapore Equity
Research at DBS Vickers Securities.
He also helped manage an over-
$1bn fund at Asia Life Insurance
and a $300m asset management
company in the US.
David has been interviewed
and quoted by numerous news
channels and publications, and
has also globe-trotted from Asia
to Europe and the US, providing
institutional clients with investment
advice on the Singapore and Asian
Markets. David obtained his MBA
at Smith School of Business in
University of Maryland and is a CFA
Charter-holder.
IPP Financial Advisers
Pte Ltd (IPPFA)
Singapore’s largest independently-owned
financial advisory firm, with close to 400 licensed
financial consultants advising in excess of S$2
billion in assets.
Founded in 1983, we pride ourselves in
delivering comprehensive and immaculate
financial advisory services to both retail and
corporate clients. Our business revolves around
our dearly valued clients and we commit
ourselves entirely to the advocating of a fair
dealing culture within our organisation.
We exercise keen innovation, first prioritising
client needs in sourcing products, then fitting
only the most suitable ones into the respective
financial plans we have devised for our clients.
Our in-house investment council keeps a weather
eye on economic developments and reviews
financial products. All financial products are to
be thoroughly analysed and approved by our
in-house experts before they may be added to
IPPFA’s list of recommended offerings.
With IPPFA, you can trust that your investments
are in good hands and always being
watched over.
We boast a veteran Senior Management and
our Investment Committee is one of the most
robust invesment research teams among
comparable financial advisories in Singapore.
Working with the only most qualified
professionals, we endeavour to make
the best of your investments.

2. Our
Systematic
Investment
Methodology
IPPFA’s systematic investment methodology wasn’t developed
overnight. Neither did we live through the financial crisis unscathed.
In fact, we went through the same emotional ride everyone else did; and
after critically assessing the lessons from that crisis, we were determined
not to allow our clients to go through the same upheaval again.
We refined our investment methodology and adopted a
comprehensive methodical mechanism to guide our views on the
financial markets. We found that our stance taken during the financial
crisis needed altering, or the same emotions will take hold again and
return to haunt us in volatile times. In addition, we improved on our
asset allocation method, applying an optimiser process based on
risk tolerance.
Our improved methodology includes a detailed survey,
through aggregated forecasts of economists and analysts, of:
— the valuation of all major markets,
— the current state of the economies,
— and the projected outcome of these economies.
We fortified this with technical considerations of the market performance
for a varied perspective. Further, we added a quantitative overlay to our
market outlooks to keep from being too fixated with any single
perspective. This overlay helps us determine when financial markets
are overheating or under-valued.
This combination of fundamental, technical and quantitative analyses is
powerful. It reduces the risk of inaccurate interpretations while enhancing
our understanding of the market with less emotion. We have thus
amplified our chances of outperforming the financial markets based on
desired risk tolerance levels.
The other important component of our robust investment
methodology is asset allocation. In the US, a 1986 empirical study (on
91 large US-defined pension plans) undertaken by Brinson, Hood, and
Beewower concluded that 93.6% of the variation of returns over a 10 year
period was explained by asset allocation! A similar study (on 300
medium- to large-sized actively managed UK-defined pension schemes)
in the UK from 1986 to 1994 found that asset allocation explained for
99.5% of variation in total returns.
Asset allocation methodology is pivotal and very important to IPPFA. We
have less faith in arbitrary and subjective asset allocations, and have hence
put in place a more advanced method of asset allocation that involves
mean variance optimisation. For each given risk-tolerance level,
we will propose an optimal asset allocation for our clients. We believe
that by utilising a more methodical approach in asset allocation, our
chances of generating an optimal return for each risk-tolerance level
are increased.
“This combination of
fundamental technical
and quantitive analyses
is powerful. It reduces
the risk of inaccurate
interpretations while
enhancing out
understanding
of the market with
less emotion.”

3. ‘VEST’ ANALYSIS
determines monthly market
and investment calls from the
review of Valuation,
Economic data, Sentiments
and Technical charts.
MARKET
INDICATOR
ANALYSIS
based on the movement of
historical equity index prices,
we arrive at probabilistic
indicators on whether
particular market valuations
are presently reasonably
priced, expensive or cheap.
ASSET
ALLOCATOR
optimises portfolio asset
allocations for investors of
varying risk appetites.
FUND SELECTOR
judges and selects only the superior
funds based on individual funds’
statistics and characteristics.
IPP Investment Analysis Process
IPP’S INVESTMENT
HOUSE VIEW
IPP’S MODEL
INVESTMENT
PORTFOLIOS
Our
Systematic
Investment
Methodology