07 Jul '12, 8am

The financial adviser is like a teacher, says MAS (Part 1)

On the 6th July 2012, for the first time after FAIR, MAS gave a speech on the financial advisory industry. MAS says: Why do we need financial advisers? In MAS’ opinion, financial adviser’s main roles are not to sell products. Instead, financial advisers’ roles are to impart basis financial planning skills; draw up saving plan, build investment portfolio, what kind of insurance protection is needed. A financial adviser is like a teacher. Wilfred’s comment: In the industry, it is well-known that the financial adviser is a salesperson. The evidence is that he or she is often judged by the amount of revenue brought in. Product manufacturers, agencies and IFAs run incentives purely based on sales brought in. Nobody runs incentive based on how many clients the adviser ‘taught’. Personally when helping my own clients in their personal financial planning, huge amount of time is sp...

Full article: http://thefinance.sg/2012/07/07/the-financial-adviser-is-...

Tweets

The financial adviser is knowledge gap filler, ...

thefinance.sg 08 Jul '12, 11pm

MAS says: The second key role is to help clients understand the specific products they invest in. In this, financial advis...

blogged at

blogged at

missypixie.blogspot.com 11 Jul '12, 12pm

I think with age comes contradictions. We learn to appreciate finer things in life, develop more expensive tastes, tell ou...

What is a Good Teacher Worth?

dotearth.blogs.nytimes.com 06 Jul '12, 2pm

I was so scared the first time I taught in a high school science classroom, my knees knocked. I had entered a teenage cult...

Dot Earth: What is a Good Teacher Worth?

dotearth.blogs.nytimes.com 06 Jul '12, 2pm

I was so scared the first time I taught in a high school science classroom, my knees knocked. I had entered a teenage cult...

Miao in Guang Zhou (Part 1)

Miao in Guang Zhou (Part 1)

akiraceo.com 08 Jul '12, 3pm

Miao in Guang Zhou (Part 1) posted by Jian Akiraceo on July 8th, 2012 under Trip because this time, I was on my way to.. C...

Product distributors, not financial advisers – ...

thefinance.sg 14 Jul '12, 11pm

“I believe that some of the representatives could be acting more as product distributors than as financial advisers.” – Le...

Freescale Webinar - Part 1 of 5 Part Series: Bu...

element14.com 06 Jul '12, 9am

Join element14 and Freescale in this five part series entitled “How to leverage Kinetis ARM solutions in your design”. Des...

Join FISCA to learn about financial planning

tankinlian.blogspot.com 17 Jul '12, 12am

Keep your $50K under the bed and let it grow with silver fish. Come on, attend Mr. Tan's talk and know something about inv...

Leader-in-waiting says no need to fear China

Leader-in-waiting says no need to fear China

channelnewsasia.com 07 Jul '12, 8am

BEIJING: China's leader-in-waiting Xi Jinping insisted Saturday that Beijing would never impose its will on the rest of th...

Blog: ‘Monopoli’ Petron Pada MAS Dipersoal: Mal...

anwaribrahimblog.com 07 Jul '12, 6am

Datuk Seri Anwar Ibrahim mempersoalkan perjanjian pembekalan minyak untuk pesawat Airbus A380 antara Malaysia Airlines Sys...

In other words, there is a constitutional looph...

todayonline.com 06 Jul '12, 9pm

Article 144 of the Constitution does not apply to lending by Government. It instead prevents the Government from borrowing...

Bookkeeping tips for lean startups (Part 1 of 2)

e27.sg 07 Jul '12, 2am

Bookkeeping tips for lean startups (Part 1 of 2) By Guest | July 7, 2012 | Hong Kong Tweet Hello there! If you are new her...

Inequality in education, Part 1

sgpolitics.net 12 Jul '12, 6am

Inequality in education, Part 1 July 12, 2012 by admin Filed under: Current Affairs and Politics , Singapore Democratic Pa...

In case you missed this...

yawningbread.wordpress.com 06 Jul '12, 10pm

Although it’s a longish segment, the discussion here largely centres around one theme: the trade-off between economic grow...