The Definitive Financial Adviser Career Guide

From Discovery to Awareness
January 8, 2009

What’s the Competition Landscape in Financial Services in Singapore? Part II

Author: admin - Categories: Exploring the Career - Tags: , , , , , , , , ,

How would you like to get into the right financial advisory group right from the start? I am about to share with you the research I have done as well as my own personal observations.

A quick refresher from the previous article, the financial advisory pie is divided into three groups: personal or private bankers, tied-agents, multi-tied or IFAs. Due to the breadth of products and services offered, they tend to appeal to differing demographic groups, customer profiles, and also require different skill-set to market services to them. Their business models also have different strengths and weaknesses. Read it all..



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January 6, 2009

What’s the Financial Services Market like? Is it saturated?

Author: admin - Categories: Exploring the Career - Tags: , , , , , , , ,

How would you like to command an income of more than $500,000 per year? An established financial adviser managing $50m from 50 high net worth individuals (HNWI) can easily accomplish that. A more average financial adviser managing 100 client accounts each $200,000, manages $40m, and can earn $200,000 per year from wrap fees.

Of the three segments of the financial services market: mass market, mass affluent (between $80,000 to $300,000 per year income) and accredited investors or High Net Worth Individuals (personal net worth above S$2m or income above $300,000 per year), the last two represent great opportunities for you to build a profitable financial advisory career and business. Read it all..



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