Our Services

  • Saving Solution
  • Planning For Retirement
  • Portfolio Management
  • Structured Solutions
  • Insurance Wrapper
  • Leaving Your Legacy
  • Flexibility


Frequently Asked Questions


  • Pursuant to Section 105 (1) of the Labuan Financial Services and Securities Act 2010
    (LFSSA), Bill Morrisons are licensed to carry businesses as a Labuan Insurance Broker as defined under Section 101 of the LFSSA.
  • Our license would include Wealth Management practices. We are licensed under the Act on the 24 th July 2014.


Labuan Financial Services Authority (Labuan FSA) was established on the 15 February 1996 under the Labuan Financial Services Authority Act 1996. Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC).

Labuan FSA is governed by a board known as the Authority, whose members are appointed by the Minister of Finance for a term not exceeding three years, after which they are eligible for reappointment.


  • You can be assured that your investments much secured because we only recommend jurisdictions that have higher ratings than Malaysia. You will hear more about segregated portfolios and policyholder protection that provides you with utmost security.
  • We also practice transparency whereby you will have direct access to your funds with online mobility. What is important is that you have full control over your funds and also your investments. Talk to us if you would like to know more.


One way to differentiate is to understand that what is illegal deposit taking means.

Illegal Deposit Taking

  • Illegal Deposit Taking is an act of receiving, taking or accepting of deposits (moneys, precious metals, precious stones, any other article etc.) from members of the public that promises a repayment with interest or returns in money or money’s worth without a valid license under the Banking and Financial Institutions Act 1989 (BAFIA).

What are the characteristics?

  • The operators of the “illegal deposit taking” schemes have no valid licence to collect deposits and exploit the basic human tendency towards greed. The operator promises very high returns on investment. The returns are normally higher than the rates offered by authorised investment schemes or licensed financial institutions. Besides cash, part of the return may be paid in kind, i.e. goods, jewellery etc.
  • Illegal deposit taking contravenes the Banking and Financial Act 1989 (BAFIA) under Section 25(1). On conviction, operators are liable to a fine not exceeding RM10 million or to imprisonment for a term not exceeding 10 years, or both.

How to Protect Yourself?

  • Remember the golden rule – if it sounds too good to be true, it’s probably a lie;
  • Before you made your payment, check if the receiver is a licensed provider. (Scam could be conducted by licensed agents yet payment is made to illegal deposit taking scheme)
  • Check with the relevant authorities before investing/ depositing;
  • Don’t be pressured or rushed to invest;
  • Be sceptical  and extra careful with investments over the internet or any investment opportunity that is not in writing;
  • In case an investment has been made, keep copies of all the investment and communications and report to Bank Negara Malaysia or Labuan FSA; and
  • Check with our advisors to get an second opinion.


  • Labuan FSA is governed by a board known as the Authority, whose members are appointed by the Minister of Finance for a term not exceeding three years, after which they are eligible for reappointment. The current members comprise business leaders from the private sector as well as representatives from the government and statutory bodies. The roles and responsibilities of the Authority include setting the direction and policies relating to the conduct of business activities in Labuan IBFC. The day-to- day administration of Labuan FSA is entrusted to the Director-General. The members of the Authority include:
  • Datuk Muhammad Ibrahim was appointed Governor Bank Negara Malaysia on 1 May 2016. He chairs Bank Negara Malaysia’s Monetary Policy and Financial Stability Committees.
  • Datuk Oh Chong Peng is the Chairman of the Alliance Financial Group; Non-Executive Director of various boards of public-listed companies
  • Dato’ Mohammed Azlan Hashim is Chairman of D&O Green Technologies Berhad, SILK Holdings Berhad, Labuan IBFC Inc. Sdn Bhd and Deputy Chairman of IHH Healthcare Berhad. He is also a board member of SCOMI Group Berhad; and Khazanah Nasional Berhad and a member of Investment Panel for the Employees Provident Fund and the Government Retirement Fund Inc.
  • Datuk Ali Abdul Kadir is the Chairman of Jobstreet Corporation Berhad, Privasia Technology Berhad and the Financial Reporting Foundation.
  • Tan Sri Dato’ Seri Ranjit Ajit Singh is the Executive Chairman of the Securities Commission of Malaysia (SC). He was previously Managing Director of the SC and has over 20 years’ experience in the field of finance and securities regulation.
  • Datuk Ahmad Hizzad Baharuddin was appointed the Director-General of Labuan FSA on 3 October 2011. He currently serves as Director of Labuan IBFC Inc Sdn Bhd, Labuanfsa Inc Sdn Bhd, Pristine Era Sdn Bhd, Financial Park (L) Sdn Bhd and Labuan Corporation; and is a member of the Audit Committee of Labuan Corporation. Datuk
  • Ahmad Hizzad is also a Board Member of the International Islamic Financial Market in Bahrain
  • Dato’ Mohd Nadzri bin Osman has been Chief Executive Officer of Labuan Corporation since 1 September 2013. Dato’ Zahrah Abd Wahab Fenner was appointed as the Chief Executive Officer (CEO) of Suruhanjaya Syarikat Malaysia (SSM) on  1 January 2015.
  • Mrs Khodijah is the Secretary of Tax Division at the Ministry of Finance (MOF). She has more than 30 years of experience in the areas of domestic and international taxation.


  • Insurance wrapper or Insurance platform is a portfolio of investments with an insurance element.
  • It provides an array of investment choices and provides certain empowerment choices and flexibility to the clients or participants. It falls within the definition of investment Linked Products.
  • Traditional Investment Linked Products (ILP) have limited flexibility over how investors or policy holders money are invested as it is limited to what the insurer offers.
  • Insurance wrappers provides choices of funds which they have listed and allow the policy holders to choose or appoint fund managers of their choice.
  • Insurance wrappers offers a wide range of investment choices. Policy holders or clients can opt to invest in cash and deposits, equities, bonds, derivatives and collective investment schemes.
  • Most Insurance wrapper carriers comes from tax haven islands such as Cayman, Isle of Man, Luxembourg, Bermuda, Guernsey and many others. The fact that they come from tax haven jurisdiction the policy owners also enjoy tax advantage by using insurance wrappers to manage their insurance portfolio.
  • Insurance wrapper is a good product to manage and diversify your investments portfolio in one place. It provides you with flexibility, choices and it can also evolve according to your financial objectives and requirements.
  • Insurance wrappers are often subscribed as a lifestyle policy. It offers policy holders the convenience of buying one policy and being able to change asset allocation, fund selection and make regular withdrawals, as his primary investment objectives and financial needs change over time.
  • Another advantage is the convenience of having a consolidated view of investments in a single statement from the insurer, instead of multiple statements from various fund managers.


Our Journey

Embarking into a journey to a better future requires a lot of sacrifices and planning. In Bill Morrisons we have got the tools to complement your plans to help you to achieve your financial objectives. You can be assured that the road less travelled does not necessarily means it is too risky. We will help you to navigate and manage your own portfolio.

Here at Bill Morrisons, our team is committed towards bridging you with ideas and solutions which can help you and the communities we serve, grow.

What Bill Morrisons does :

Let us know you better
We want to know you better. What better way to know you then to have a strong sense of engagement. Allow us to get to know you better and you will discover why Bill & Morrisons is a trusted organization in managing your wealth.

Exploring your goals
It is our role and responsibility to discover your priorities in life and to understand your needs and goals. Our trusted and dependable advisors will be with you every step of the way so as to work towards achieving these financial goals.

Sound Recommendations
Discovering your priorities in life, understanding your risk appetite and helping you achieve your financial goals are our main focus. With all this information we will assist you to find a product or set of products that best meets and addresses your needs. Our advisors are trained to provide sound recommendation to you.

Call for Action
Finding the courage to take the first step in changing the course of your life is always the hardest thing to do. We understand your concerns. So allow us to help you in discovering ways to unleash your wealth potential and plans. At Bill Morrisons, we represent and act in your best interest and always there for you to make that first courageous step.

It is our pledge to ensure that our customers deserves better in every aspect of our service. Be it in advisory or information on market trends on what’s hot and what’s not. Our promise to our customers; we will never stop to innovate ourselves.

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