• All blog entries
    • Calculators
    • Case studies
    • Cost of living
    • CPF Are You Ready?
    • CPF Matters
    • Credit Management
    • e-Learning
    • Estate Planning
    • Events
    • Financial advisers
    • High Networth
    • Insurance
    • Investments
    • Letters to the Press
    • Magazines
    • Others
    • Retirement Planning
    • Scams
    • Surveys
    • Tragic Stories
    • Unethical sales process
    • Videos
  • Legal
  • Testimonies
    • Individual testimonies
    • Gallery
  • My Account
Hi, looking for a fee-based financial planner in Singapore? Read this article now!
  • Home
  • About
    • About Wilfred Ling
    • Why do you run your own professional financial planning practice?
  • FAQs
    • FAQs on Wilfred Ling’s Financial Services
    • FAQs on Financial Planning
    • FAQs on Investments
    • FAQs on Insurance
    • FAQs on Estate Planning
  • Services
    • Overview
    • Create a financially secure plan for your young family (package details)
    • Retirement Planning
    • Investment Portfolio Management
    • Insurance Planning
  • Fees
  • Cool Tools
  • Contact
  • Subscribe
You are here: Home / Archives for Financial advisers

You are viewing articles categorised under Financial Advisers

These articles are about ethics and market conduct of financial advisers

Why are your prospects paying expensive investment courses instead of consulting you?

7, August 2022 by Wilfred Ling Leave a Comment

This video is for financial advisers. However, it is also somewhat relevant to those who are not financial advisors. Can I ask you something? Have you wondered whom do prospects normally go to find out about investments? 1. Clients rely on courses for investments knowledge You probably are aware that many of your prospects are relying on the Internet for investment information. That is to be … [Read more...]

Filed Under: Financial advisers

Why do I join this industry as financial adviser?

17, June 2022 by Wilfred Ling Leave a Comment

https://www.facebook.com/842863356/videos/pcb.10160857861453357/1044975682782336 I joined this industry 16 years ago as my second career. The first career was a salaried person. Why I wanted to do this? As a salaried person, I worked for my employer. However, I wanted to have a more impact to people's lives. As financial adviser, I get to meet many clients, able to advice them and able … [Read more...]

Filed Under: Financial advisers, Videos

When insurance agents jump ship, clients may suffer

24, September 2017 by Wilfred Ling 5 Comments

jump ship

For those who does not read newspaper, the Sunday Times has an article today on the potential problems that could occur when insurance agents are being poached (When insurance agents jump ship, clients may suffer, 24 September 2017 Sunday Times). The following is a summary: 300 Great Eastern agents mass resigned to join AIA Financial Advisers. AIA Financial Advisers in turn paid $100 … [Read more...]

Filed Under: Financial advisers

More choices with Robo-advisers, more specialisation or more confusion?

4, August 2017 by Wilfred Ling 1 Comment

In recent times, there have been a sudden increase in number of financial institutions that provide financial advice. I am not just referring to the quantity but the type of financial institutions that have increased. Here is a summary. If I am missed out any, feel free to add to the comment box below. Bancassurance. This refers to banks selling insurance. Normally banks only sell insurance … [Read more...]

Filed Under: Financial advisers

Why all my clients are angels from heaven?

13, February 2017 by Wilfred Ling Leave a Comment

My wife asked me how long I’ve been doing financial planning. I told her it is coming to 11 years. Goodness, 11 years! This is my longest job! Over the 11 years, I have seen clients from all walks of life. Some clients are angels from heaven while some clients are from hell. But with experience comes wisdom in choosing my clients so that I will avoid accidently getting clients from hell. As a … [Read more...]

Filed Under: Financial advisers

A client who spent $27,000 a year on insurances

30, December 2016 by Wilfred Ling Leave a Comment

There was an article Does it pay to stick to a big name in insurance? (Straits Times 30 Dec 2016) which asked the question whether should consumers buy from larger insurance companies in hope of getting better returns. I felt that the question is a wrong question. Insurance is meant to protect and not meant as an investment. Unfortunately, majority of the policies sold were not meant to protect … [Read more...]

Filed Under: Case studies, Featured, Financial advisers, Insurance, Unethical sales process

Complains against banks & life insurers surged; how to avoid becoming a victim

2, December 2016 by Wilfred Ling 7 Comments

Financial Industry Disputes Resolution Centre Ltd or FiDREC for short has reported an increase in complains against financial institutions. Complains against banks were up by a whopping 48%; for life insurers, the complains were up by 31%. Complains against licensed financial advisory firms and insurance intermediaries was down slightly by 5%. Source: FiDREC annual report 2015/2016 and FiDREC … [Read more...]

Filed Under: Financial advisers, Unethical sales process

My adventure with FinTech, Robo-Adviser and story

23, November 2016 by Wilfred Ling Leave a Comment

Recently MAS announces that it will allow full suite of life insurance products to be offered online without advice. Moreover, regulations will be updated to include robo-advisers (Source: MAS opens door to full suite of life products online, and much more in fintech). Just last Sunday, the Straits Times announced that the launched of an insurance ‘robo-adviser’ which later I found out was not … [Read more...]

Filed Under: Financial advisers

Swiss Cheese Model approach to financial advice

26, September 2016 by Wilfred Ling Leave a Comment

I was at expo the other day looking to buy household appliances when I discovered that the number of insurance and financial adviser salespersons were more than household appliances salespersons! These agents tried to sell me all sort of products from saving plans to Aviva Mycare. I survived the ordeal as I told everyone who approached me that I am a financial adviser.  My wife got harassed … [Read more...]

Filed Under: Financial advisers, Unethical sales process

The Commando Financial Adviser – fast closing and fast disappearing act

12, September 2016 by Wilfred Ling 3 Comments

A lady came to my office to find out more about the financial planning service I offer. She shared with me her ordeal with her agent and gave me the full go-ahead to share her story on this blog. She said she bought the AIA Family First Protect in November 2015. But she said she has little idea of what it was. The agent was also highly pressurizing and she was pressured to sign up for the … [Read more...]

Filed Under: Financial advisers, Unethical sales process

  • 1
  • 2
  • 3
  • …
  • 8
  • Next Page »

WILFRED LING, CFA

WANT TO GET REGULAR TIPS ON FINANCIAL PLANNING?

JOIN with thousands of other subscribers in getting tips on all aspect of financial planning such as "What is the minimum salary required?", "How avoid insurance that is not suitable", etc.


WILFRED LING IN THE NEWS

Click HERE to find out more.


THE KIND OF CLIENTS I AM LOOKING FOR

NEW TO US?

Learn how you can fully benefit from this massive website: HERE

For Registered Users Only (free)

  • Webinar on Major change in cancer treatments in your integrated shield plans 3/9/2022
  • How and what to invest now? (Webinar) 28/7/2022
  • How to identify high performing unit trusts in 3 steps (Webinar) 3/9/2021
  • Financial Planning – Christian Perspective Part 2 (Webinar) 14/8/2021
  • How and what to invest now? (Webinar) 22/7/2021

View All

For Clients Only

  • Video Message to Clients 30/12/2021
  • Exclusive client-only Investment Update Webinar by Wilfred 26/11/2021
  • JPMorgan Guide to Market Q2 2020 15/4/2020
  • JPMorgan Perspective Q2 2020 15/4/2020
  • JPMorgan Guide to Market Q1 2020 5/2/2020

View All

Top Posts

  • Strange way of how CPF Interest is calculated & retirement planning CPF has a rather strange way of calculating interest. I...
  • AIA Pro Achiever 2.0 and my recommendations AIA Pro Achiever 2.0 was a product which someone recent...
  • CPF: How to Accumulate $1m in your CPF by 57? I read online that there are people who wants to achiev...
  • Access Information & Sign Up Page
  • Three Approaches to Investments Someone wrote to me the following comment: “I invested...

Recent comments

  • Sinkie on What Can You Invest If You Have $400k?
  • Sinkie on Why Vanguard Fund Investors Underperformed The Fund Significantly?
  • Sinkie on Why You Always BUY HIGH In Investments?
  • honest_me on Cancer patient ends up with $33,000 bill after insurer refuses to pay for drug & what you must do to avoid this situation
  • susan on Single Premium NTUC Income SAIL
  • susan on Single Premium NTUC Income SAIL

To be notified of new blog post, like this facebook page

To be notified of new blog post, like this facebook page

Read articles based on different categories

Investment Login

iFAST Central: Login

iFAST Prestige: Login

Navigator: Login

Chartered Financial Analyst

CFA

Chartered Financial Consultant

ChFC

Featured Blogger

IM$avvy

© Copyright 2006-2023 Wilfred Ling

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore

hollow-nasty
hollow-nasty
hollow-nasty
hollow-nasty