“When you say people get free advice here, I laughed because in the end when you think about how this world works, nobody works for free. So you are paying for what you are getting somehow.
And in my mind, if you’re specifically paying for advice, to me, it’s a much more transparent set up than getting free advice or freebies packaged in some other ways that I don’t fully know. I’m less comfortable with that.”
In this episode, Head of Investment Research at Dimensional Fund Advisors, Dr Wei Dai, shares her concerns towards “free advice” and key considerations when finding a suitable wealth adviser, especially as an expert in her field.
Meanwhile, stay tune for the next episode where Chris discusses more about his latest article on The Business Times!
View the full list of podcast episodes published here.
Music courtesy of ItsWatR.
The host of this episode, 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”.
For more related resources, check out:
1. Providend’s Money Wisdom Podcast S2E13: A Lawyer’s Perspective: Is Wealth Advice Worth Paying For
2. Providend’s Money Wisdom Podcast S2E9: The Mindset of a DIY Investor Who Achieved FI by Age 38
3. Providend’s Money Wisdom Podcast S2E3: Be Financially Woke
*Providend is very excited to share that we are now ready to extend our service offerings to the younger accumulators who are looking for holistic, independent, conflict-free wealth advice!
For this group of younger accumulators, we know that it is not easy to make retirement planning a priority when other financial goals – buying a first home, for example, or saving for a child’s education – appear more pressing. Learn how we can help here.
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.
