managers, there’s plenty of testosterone to go around and when we make a call on certain assets, we stake not just our client’s capital and RunningStream’s reputation on those calls, but also our own personal egos. We love to get things right and we hate to be wrong on our investment forecasts. Ultimately, our clients benefit from all the research and work that we do to get our recommendations spot on.
We have also transitioned to a more service-based model. This places the client at the centre of our engagements and ultimately aligns the consultant’s interest to that of the client. No commissions and therefore no incentive for consultants to recommend crap products paying high commissions. Our client’s pay a service fee. This is indicative of our transition to a buyer’s advocacy business model.
Beyond what we have been doing in Singapore, we have opened our new Kuala Lumpur office. This is another market that where our services are much needed.
Whether the services are appreciated by the market here is for time to tell, but from the results of our first event, it certainly looks very promising.
This line of business is a new addition to our company although we are certainly not lacking the experience. We have incorporated a new property development arm called Huon Property Group. It has been almost 1.5 years since we started this venture and boy have we come a long way. A total of 3 projects are in the works across Brisbane and there will be more on the way. Huon Property Group stands for the values that we have inculcated from the years in RunningStream. Our developments are driven by the same criteria that our consultants in RunningStream use to screen quality projects.
This line of business is also one where we can offer our more affluent and high net worth customers a chance to participate in funding a property development. Accumulating a profitable portfolio of properties is one thing. But being part of the creation of an iconic property and leaving a legacy that stays long after one is gone. Now there is some real meaning in that.
The future of our developments and the company is going to be challenging as we take on more, but it will also be very exciting and gratifying. Stay tuned to this space for more updates.
Thank you for reading.
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MALAYSIA OFFICE ADDRESS
D-13-01, Menara Suezcap 1,
No.2 Jalan Kerinchi,
Gerbang Kerinchi Lestari,
59200 Kuala Lumpur,
+603 9212 0206