FAQ – Our Frequently Asked Questions
Choosing the right fee-based financial adviser to partner with to help you achieve your financial goals involves asking the right questions. Unfortunately for some, it’s difficult to know what the right questions are at first and they only find out when it’s too late.
I’ve outlined below some of the FAQ – frequently asked questions – that I am often asked and encourage new prospective clients to ask. This will help you to make the right decision and lead to a mutually beneficial relationship with your financial adviser.
Experience – Very few in Singapore have the financial advice and portfolio management skill set and experience that I have. I have spent many years in the industry in both Australia and Singapore advising busy professionals on accumulating and protecting their wealth. It is also important to note that many Advisers here are not licensed to advise on direct equities so they are missing out on investment opportunities that could be generating strong returns for you.
Education – Even fewer in Singapore have my strong educational background and focus. I always aim to improve my knowledge and financial skills, having completed my Advanced Diploma and Diploma in Financial Planning. My next goal is to complete my Executive MBA in Asset Management.
Alignment of Interests – My own charging structure is also unique in Singapore in some key areas including that there is no lock-in period and you will have access to your funds, there are no hidden charges or penalties and I charge a portfolio management charge ensuring that your success is my success.
Contact me to discuss how these differences can benefit you.
So why the loss of some clients? There will always be some clients who decide to leave for a number of reasons. In most cases, it is due to changing circumstances or relocation of my clients to parts of the world that prevent me being able to continue to provide advice and guidance.
- Hourly / Advice-Based Fee: I charge an hourly fee where we are providing comprehensive planning advice. The time involved depends on the complexity of the advice we are giving.
- Annual Portfolio Management Charge: This is the charging structure I utilise with my clients to ensure that our interests are aligned. As the value of your portfolio grows then my income will also grow.
For some of the solutions we utilise there will be a commission payable to me as the Adviser which is generally the case for protection products. This is built into the charge of the product and is not paid for in addition to the product charges. I also provide a unique service to my clients of acting as a ‘financial sounding board’ for the friends and family of my clients free of charge.
My approach begins with this no-obligation discussion of your needs and circumstances. This allows you the opportunity to understand my service and whether it fits with your needs. Ahead of our discussion, I’ll ask you for further details about your financial circumstances, and your thoughts on what you would like to achieve whilst in Asia and beyond. When we meet, I’ll let you how we can assist you and make a suggestion as to the format and scope of our services. I’ll also explain our fees and provide you with a detailed cost estimate – any fees are agreed with you first.
Have a Question You’d Like to Ask Me?
If you have a question, whether general or about your own personal circumstances, and you can’t find the answer in our frequently asked questions, please contact me with the link below and I’ll get back to you right away.