So you really want to be a financial adviser? Really?

When we were young, most of us were made to write an essay about what we wanted to be when we grow up. I remember the common aspirations were to be a doctor, engineer, Olympic athlete, astronaut, or even a country’s president or prime minister!  I don’t believe anyone would have written they want to be a financial adviser when they grow up. Why? The FAR role has many attraction, among them:

  • time flexibility
  • doing something noble and meaningful, and building a large network and strong relationships
  • potentially very high income
  • intellectual stimulation and social interactions

But very few people aspire to be one. It is easy to under why, become there is equally many discouraging factors, such as:

  1. no basic income
  2. don’t know where to find the clients
  3. hate to be perceived as a pest

For the same reason (1), there are more employees than businessmen, as most people are not risk-takers. The need for a “stable” income ranks high in most person’s needs, especially when they have heavy responsibilities like a home mortgage and young children to feed. So who chooses to be a financial adviser? Of course, anything that is rewarding is usually not easy, if it’s easy, it’s usually not rewarding. This is life’s basic rule. But with good support and mentorship, it can be done, since many people have been successful. But this business is definitely not for everyone, and not for the faint-hearted. To find out if you are the ONE, click on the link below. Discover Financial Alliance – The Largest IFA in Singapore

Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek unbiased financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

Published By:

Tan Siak Lim

More than 20 years in the financial advisory business, focus on mainly help people achieve a comfortable retirement through portfolio management, with diversification to reduce the votaility and still achieving the required rate of return.

Also helps wealthy family (>$3m estate, including property, investment and insurance proceeds) pass on their wealth to future generations, minimizing the 3C, confusion, cost, and conflict. Estate planning is probably best done by a qualified experienced financial adviser rather than a lawyer. The lawyer is able to draft a will, but because he is not a financial adviser, he is usually unable to put comprehensive financial consideration into the design of the will. Will drafting is a mechanical process that software can easily generate, there is little value. It is the architecting of a wealth distribution strategy with creative financial products and ideas that is the real value.

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