Did you know that back in 2013, a panel set up to review the financial advisory industry has rejected an outright ban on commission for financial advisers in Singapore?
In this episode, Chris shares his thoughts behind this matter, one that is close to his heart, and also elaborates further as to why the commission-based approach actually makes more economic sense for individuals with less complex needs as well as ways on how we, as consumers, can mitigate this conflict of interest if we choose to engage a commission-based adviser.
Meanwhile, stay tune for the next episode where we discuss how your insurance plan differs depending on your life stage.
You can find the original article of Mitigating the Conflicts of Interest in the Financial Advisory Industry here.
View the full list of podcast episodes published here.
Music courtesy of ItsWatR.
The host, Nataly Ong, is Deputy Head of Brand Experience at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia.
For more related resources, check out:
1. Living Out Providend’s Philosophy
2. Like Chefs, Financial Advisers Should Be Given Their Due
3. Providend’s Money Wisdom Podcast S1E43: The Philosophy of Profitability of Wealth Management Firms
Let us assist you in taking care of your financial concerns so you can focus on what matters to you. If you would like an honest opinion on your current financial/retirement plan, insurance portfolio, investment approach and/or estate plan, make an appointment with us today.
