Posts Tagged ‘Financial Adviser’
Financial Advisor Magazine has the results of a study by Cerulli Associates which tells us that in the US, advice business has hit a wall and is not replenishing the ranks with young talent.
In some developed countries, a financial adviser is a professional. The profession consist of highly educated and respected members of society. In Singapore, given the low entry criteria, financial advisers are looked upon as uneducated and people who cannot land better jobs, such as lawyers, engineers, doctors, etc. A friend once asked me why I would consider this role given my ample academic qualifications. Many have asked me when I said I am a financial adviser, “you mean selling insurance?”
In UK, they are talking about plans to ban commission payments from product providers and force financial advisers to agree fee payments with clients upfront.