The wealth management industry is mainly made up of 3 players: product manufacturers, distributors and you, the consumer.
In this episode, I will share the relationship between the 3 industry players and why most distributors will get you to buy plenty of products, sometimes even with a substantial part of your wealth.
Important note: Choose your wealth manager wisely, do not become a victim of bad wealth management practices.
View the full list of podcast episodes published here.
The host, Christopher Tan, is Chief Executive Officer of Providend, Singapore’s first fee-only wealth advisory firm and author of the book “Money Wisdom: Simple Truths for Financial Wellness”.
Music courtesy of ItsWatR.
For more related resources, check out:
1. Providend’s Money Wisdom Podcast Episode 40: An Advisory Service or a Sales Business
2. The Untold Story of Wealth Management and the Sale of Financial Instruments
3. Money Advice for My Younger Self
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