Marvin Fausto
Veteran fund manager Marvin Fausto has made it his lifetime advocacy to help educate Filipinos on how to handle their hard-earned money.
Fausto and wife Mary Rose, also a financial literacy advocate and prolific writer, have raised their three boys—Martin, Enrique and Anton—to be high-FQ (financial quotient) kids who regularly save and invest.
In 2014, Fausto retired as chief investment officer of the country’s leading lender, BDO Unibank. He left banking at 52, seen “old enough to retire but young enough to pursue other things.”
Last year, Fausto joined leading online stock brokerage COL Financial to help create a mutual fund supermarket, using the same online trading platform of COL to distribute 26 major mutual funds managed by six of the country’s biggest mutual fund companies – Sun Life of Canada, Bank of the Philippine Islands’ ALFM, Philam Asset Management Inc., First Metro Asset Management Inc., Philequity Management Inc. and ATR Kim Eng Asset Management.
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In the next five to 10 years, cross-selling of mutual funds is seen to become COL Financial’s new bread and butter.
In this day and age when the new norm is having low interest rates and lofty stock market prices, Fausto believes anyone can reach financial independence. For him, the best approach is to follow the basic principles of S-M-A-R-T investing:
