Process involved in financial planning
Initial Financial Planning Fees for Consultation (Step 3)
| Item* | Initial Consultation Fee |
|---|---|
| Preliminary discussion | Not applicable. See details: HERE. |
| Retirement & Passive Income Planning | $1499. See details & make payment: HERE. |
| Investment Portfolio Management | Not applicable. See details: HERE. |
| Pseudo Robo Investment Advisory Service | Not applicable. See details: HERE. |
| Insurance Planning | $1499. See details & make payment HERE. |
| Retirement Planning & Insurance Planning | $2799. Make payment: HERE. |
| Create a financially secure plan for your young family | $4999. See details and make payment HERE |
| Non-standard consultation | $250/hour |
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.
Retainer Fee
Normally this is for managing investments on an on-going basis but it includes any other on-going advice and services required. Not all clients will require such service. Fee payable is 0.25% per quarter subject to a minimum of $750. See What is a Retainer fee?
Clients with small investment portfolios will be managed by a 'pseudo robo adviser'. Fee is 0.25% per quarter with no minimum fee. Minimum investment is SGD 25,000.
Payment Methods
All payment is either by cash or credit card (preferred). Debit cards from VISA or Mastercard are also accepted.
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
