31 Aug '12, 10am

Keep Commission Model, Say Financial Advisers, Managers

Keep Commission Model, Say Financial Advisers, Managers

I would expect that all 13,000 tied agents will fight tooth and nail against the ban of commissions. Why? It’s simple – nobody would want to pay a fee to a person who is a sales representative of a product manufacturer. The old model worked because it was merely the transaction of products – advice is given “free” and the client will take up the product if he is persuaded enough, earning the agent commissions. The other 2,000 advisers …

Full article: http://thefinance.sg/2012/08/31/keep-commission-model-say...

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