Process involved in financial planning
Initial Financial Planning Fees for Consultation (Step 3)
| Item* | Initial Consultation Fee |
|---|---|
| Preliminary discussion | Not applicable. |
| Retirement & Passive Income Planning |
$1499
|
| Retirement & Passive Income Planning with Property | $2248 |
| Investment Portfolio Management | Not applicable. |
| Pseudo Robo Investment Advisory Service | Not applicable. |
| Insurance Planning | $1499 |
| Retirement Planning & Insurance Planning | $2799 |
| Retirement Planning + Property & Insurance Planning | $3548 |
| Create a financially secure plan for your young family | $4999 |
Implementation Fees (Step 4)
Fees charged by third parties are payable directly to them. Examples of third parties are legal fee, property agent's fee, stock brokerage fee and medical examinations.
Investment Management Fee
DPMS
per quarter
0.25%
Min portfolio size $5000
Generic portfolios
Quarterly portfolio updates
Unit Trusts
Stocks/REITs
Bonds
ETFs
Annual face-to-face review
Managed by iFAST Financial
Interested in financial planning?
If you are keen in financial planning, I encourage you to start the first step by contacting me at this link HERE.
Relevant articles why it is important to pay a fee for advice
Here are some relevant articles:
Free advice is going to cost you your entire HDB flat!
Why financial advisers must abandon their clients?
Vacuum Cleaners and Financial Services
No advice given, few documentation and non-disclosures but earns easy money
MAS gives examples of illegal sales tactics for the Balance Scorecard
Up to 70% of financial advisers’ recommendations were unsuitable, says MAS mystery shoppers survey
ST Forum: Vital to regulate commissions
