This
is one part of a multi-part career guide series on the financial
advisory career in Singapore. Various aspects will be covered in this
career guide.
Are
you considering a career as a financial advisor in Singapore?
Contrary
to what you will be strongly advised to do, always SHOP
for financial advisory firms and SHOP
through managers even in the same firm, UNTIL
your heart is content.
Firms
will always CHASE
you to join them on board because an additional person means
additional sales. The sooner the better.
Do
not let other people's agenda affect you.
This
is a career that benefits you and your clients if you are staying for
the long run.
You
want to stay long enough to reap the rewards. Hence, choose your firm
and manager wisely.
What
are the firms out there to consider?
If
you want to be an insurance agent, here are some insurance
firms in Singapore:
AIA
Aviva
AXA
Great
Eastern
HSBC
Insurance
NTUC
Income
Prudential
Tokio
Marine Asia Life Insurance
Transamerica
Singapore
Friends
Provident International
Royal
Skandia
If
you want to be a financial advisor, there are 2 types of
financial advisory firms you can consider.
The
most common one is the Independently
Owned
Financial Advisory Firm.
When
you join this type of firm, you are able to broker insurance &
investment products from multi-companies to your clients.
Your
renumeration will be based on sales
commissions.
The
list is not exhaustive as there are many Independently Owned
Financial Advisory Firms in Singapore:
AAM
Advisory
CIMB
Securities (Singapore)
DollarDEX
Investments
Elpis
Financial
Eternal
Financial Advisory
finexis
Advisory
GYC
Financial Advisory
IPP
Financial Advisers
Javelin
Wealth Management
Life
Planning Associates
New
Independent
Phillip
Securities
Porfolio
Builders
Professional
Investment Advisory Services (PIAS)
Singcapital
Sterling
Knight
The
Henley Group
The
other type of financial advisory firm is the Independent
Financial Adviser (IFA).
Advisors
from IFA firms are also able to advise on products from
multi-companies but the key difference is that these advisors can
earn
from fees
for
dispensing advice to clients.
Here
are some firms which have termed themselves IFAs:
Cornerstone
Planners
Financial
Alliance
First
Principal Financial
Global
Financial Consultants
Jordan
Huebner (Asia)
Promiseland
Independent
Ray
Alliance Financial Advisers
Now
that we have provided a shopping list for you, the next post we will
be sharing with you the requirements and costs needed to become a
financial advisor.
By
reading this post you acknowledge
that the above is based on information contributed from public
sources without independent verification.
We
do not assume responsibility for the accuracy or completeness of
this information or such information.
You
further acknowledge that you are expected not to place undue reliance
on the information provided. For more accuracy, turn up for an
interview with the firm to establish your own opinion. Before you do
that, remember to do your due diligence by reading
up on the interview prospectus.
