A short list of acronyms commonly used in Singapore's financial services industry.
FC (Financial Consultant) - A title often used by both Financial Adviser Representatives (FAR) and Life Insurance (LI) agents. In this site, the term Financial Consultant and Financial Advisor will be used interchangeably.
FA (Financial Adviser) - It can be a person but typically it is a financial services firm which can partner with many financial product providers.
Not to be confused with the Financial Advisor, which over here we refer to as an individual. To make it easier for people to differentiate, some Financial Advisers simply refer to themselves as Financial Advisory firms.
FAR (Financial Adviser Representative) - A Financial Consultant who is appointed by the Financial Adviser to deal with financial products made available by the Financial Adviser from time to time, in the name of the Financial Adviser. Not to be confused with the Life Insurance Agent. Although in essence, both the Life Insurance Agent and the Financial Adviser Representative are agents of their respective companies.
LI (Life Insurance) - Self-explanatory
MDRT (Million Dollar Round Table)
COT (Court of the Table)
TOT (Top of the Table)
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