When applying for insurance, the principal of utmost good faith applies. The Latin equivalent of 'utmost good faith' is uberrima fides. The principal of utmost good faith or Uberrima fides means you have to declare all material information – those you know and ought to know. If in doubt, just declare it. You cannot go wrong “over declaring” it but you can go very wrong if you do not declare it. … [Read more...]
About Wilfred Ling
I help people retire 10 years earlier than their current plan through massive wealth creation using carefully and systematic stocks selection. Hi, I am Wilfred Ling and I have been a financial practitioner for 15 years. I graduated with a prestigious Engineering degree from National University of Singapore (NUS) in 1996 and worked for various multi-national corporation as a Research & … [Read more...]
If I appoint you as my financial adviser, will I be charged every time I meet you?
Existing clients will not be charged for standard insurance policy servicing for policies bought through me. Standard insurance policy servicing includes Updating personal particulars. Change of payment details (e.g. change of bank account, monthly to yearly etc) and Processing claims for death, disability, critical illness and hospitalisation. Existing clients who previously did … [Read more...]
What are the clients do you look for?
Do you accept foreign clients?
If you are looking for retirement planning, I may be able to provide consultation service over the Internet. Contact me for details. The following paragraphs are for those who wish to purchase investment products through me. I may accept foreign clients' investments subject to conditions such as nationality, residency, tax position, source of wealth, source of funds, scope of advice and the … [Read more...]
ST Forum: What’s involved in writing a will
The issue of a will turning out to be invalid is not new. The press often reports these cases. For instance, recently a lawyer by the name of Johnny Cheo Chai Beng was sued by 18 beneficiaries because the will he prepared turn out to be invalid. But what never appear in the press is that many valid wills are not suitable resulting in similar outcome as an invalid will. I decide to write to the … [Read more...]
What are the qualifications Wilfred Ling has?
Professionally, Wilfred Ling is a Chartered Financial Consultant® (ChFC®) and a CFA Charterholder. The ChFC® designation originates from The American College established in USA since 1927 as an accredited, non-profit education institution providing graduate and professional education. The ChFC® is a designation for Financial Planning Professionals who are: Educated – Completed a … [Read more...]
What is unique about Wilfred Ling that differentiate yourself from others?
As a Chartered Financial Consultant®, CFA charterholder and having years of experience, Wilfred Ling is qualified and experienced to provide a comprehensive financial planning service. I am fee-based. I am remunerated through fees paid by clients. This means greater objectivity and less conflict of interest. Only recommend simple products such as fixed deposits, stocks, ETFs and low cost … [Read more...]
Why pay fee for advice when others provide free advice?
Reason 1: Overheads Nobody provides advice for free. All advisers charge a fee for advice – either indirectly through commissions or directly by stating the fee upfront. It is impossible for any advisory firm to provide free advice. The fee you pay – either in commission or agreed fee is meant to help offset the large amount of overhead as illustrated below (Note: not drawn to … [Read more...]
What is the difference between a preliminary phone discussion & consultation?
All formal consultation is chargeable. Thus, any service rendered such as fact finding, recommendations and proposals regardless of medium (i.e. email, verbal, face-to-face, etc) and on-going servicing is chargeable. However, many potential clients want to discuss with me first before deciding whether to go ahead with the financial service. If you wish to speak to me to find out more about the … [Read more...]
- Next Page »