Wilfred Ling is a Financial Counsellor and Money Coach. He provides fee-based professional financial planning services to any individuals living in Singapore. His main area of competency is financial planning and his fees are transparent. If you like transparency, he would like to meet you in person. He holds the Chartered Financial Consultant® designation and is a CFA charterholder. With … [Read more...]
You are viewing articles categorised under FAQs on Wilfred Ling's Financial Services
These are questions which all potential clients should read before they engage Wilfred Ling. I have compiled these common questions over the years. If you still have questions, feel free to contact me.
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...]
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, ETFs, unit trusts etc. No … [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...]
Will you rebate commissions?
I do not rebate commission due to three reasons: (1) the financial industry equate rebating of commissions with the act of inducement (2) prospects who ask for rebates are usually not genuine clients (3) my core competency is financial planning, not selling products. Rebating commission is an act of inducement Although rebating commissions was made legal in 2002, many agents have since … [Read more...]
What is the difference between modular planning and comprehensive financial planning?
Modular planning means one or at most two of the following: Insurance Planning Credit Management Children's Education Retirement Planning Investment Planning Personal Income Tax Planning Estate Planning Comprehensive Financial Planning means most of the above. … [Read more...]
