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beaverjuice

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http://business.asiaone.com/news/personal-finance/7-costly-mistakes-people-make-when-choosing-financial-adviser

I think choosing the most chio and big-boobs agent is the best ..... judging from my experience ..... she stayed the longest at her job in the agency compared with the other guys that I bought my policies from.
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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BrianJohnson

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Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #1 on: April 21, 2017, 12:44:50 pm »
This is really a great article.

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guest

Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #2 on: May 05, 2017, 05:33:58 pm »
[Disclaimer: I am from The New Savvy; Asia's leading online platform that focuses on financial and career issues for women. We empower women to make smarter financial decisions through new media and conferences.]

You may want to look into engaging a professional financial advisor to help cater to your needs and your financial capability! Here's why! https://thenewsavvy.com/life/productivity/why-you-should-engage-a-professional-financial-advisor/

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Ava Taneer

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Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #3 on: November 03, 2017, 09:51:28 am »
Shoutout to millennials! This article will help to offer some insight on how to evaluate a potential financial advisor!

Article: Advice For Millennials: How Can Investment Advisors Help?
https://thenewsavvy.com/plan/budgeting/advice-for-millennials/


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bbqbeans

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Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #4 on: December 10, 2017, 05:05:12 pm »
Hi ! I am a financial adviser myself.

I strongly suggest that consumers do some homework before and after meeting a financial consultant .

Reason being, insurance is not just a product. It is a gift of love/safety net you buy to safeguard you or your family's future.

It will be good to know what you are buying.

A financial consultant is a professional to help you plan well. So being a savvy consumer may help you avoid the danger of the FC overselling or you buying something that doesnt suit your needs.

The above is just my humble opinion.

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beaverjuice

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Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #5 on: December 10, 2017, 05:26:22 pm »
Quote
A financial consultant is a professional to help you plan well. So being a savvy consumer may help you avoid the danger of the FC overselling or you buying something that doesnt suit your needs.

You do realise that if the FA/FC were truly a professional, she/he would be selling something suitable for their clients right? .....  :-X
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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bbqbeans

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Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #6 on: December 10, 2017, 05:31:13 pm »
You do realise that if the FA/FC were truly a professional, she/he would be selling something suitable for their clients right? .....  :-X

Yes .. unfortunately, there are still unethical ones who put their own interest before the client's interest. Thats why I always suggest doing some homework before buying anything.

I myself is one who is kiasu and will do my own homework even when Im buying things like laptop or gadgets .

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beaverjuice

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Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #7 on: December 10, 2017, 06:13:23 pm »
Yes .. unfortunately, there are still unethical ones who put their own interest before the client's interest. Thats why I always suggest doing some homework before buying anything.

I myself is one who is kiasu and will do my own homework even when Im buying things like laptop or gadgets .

Yes.... take personal responsibility instead of abrogating this to the FA/FC who may not always have your interests at heart ....

BTW, what do you think of Universal Life?  Can hoot or not? Good?
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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bbqbeans

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Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #8 on: December 11, 2017, 09:18:07 pm »
Yes.... take personal responsibility instead of abrogating this to the FA/FC who may not always have your interests at heart ....

BTW, what do you think of Universal Life?  Can hoot or not? Good?

UL is a flexible account which can be customize to suit the client's needs.

Its good but it also depends on what are your priorities.

I will always get to know my client first before recommending them a product as what is good for one may not be so suitable for the other.

Many factors such as priorities, life stages can affect the suitability of the products for an individiual .

I would strongly recommend to get the basics like Hospitalisation plan, protection plans in place before planning for savings / investment / retirement. Can get a hybrid of both like a whole life plan as well with cash value and protection.

If budget is limited, at least have a hospitalisation and term plan in place first.

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DonnettaRein

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Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #9 on: February 16, 2018, 12:19:04 pm »
Thanks for sharing the article.

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lilybythebay

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Re: 7 costly mistakes people make when choosing a financial adviser
« Reply #10 on: March 16, 2018, 02:21:18 pm »
UL is a flexible account which can be customize to suit the client's needs.

Its good but it also depends on what are your priorities.

I will always get to know my client first before recommending them a product as what is good for one may not be so suitable for the other.

Many factors such as priorities, life stages can affect the suitability of the products for an individiual .

I would strongly recommend to get the basics like Hospitalisation plan, protection plans in place before planning for savings / investment / retirement. Can get a hybrid of both like a whole life plan as well with cash value and protection.

If budget is limited, at least have a hospitalisation and term plan in place first.

yah hospitalisation insurance is the most important to buy first.