Tied Agent
The original form of distribution, a “tied” agent is a person who represents a “captive” insurer to promote its products. As the name suggests, the tied agent is contractually tied to its insurance company ......People not familiar to the local financial advisory scene may not know about the different types of practitioners available. This is forgivable since such details are not presented well to the public. The thing that I find laughable is that many people in the industry themselves are confused over the types of financial advisers available.
Hence I hope to clear the air regarding the types of financial advisers that one may engage for his or her financial needs.
Before we proceed it may be worth highlighting that Singapore has quite a strange naming convention. The term “Financial Adviser” actually refer to a company instead of the actual individual/representative, who are typically given other titles.
The original form of distribution, a “tied” agent is a person who represents a “captive” insurer to promote its products. As the name suggests, the tied agent is contractually tied to its insurance company ......
The original form of distribution, a “tied” agent is a person who represents a “captive” insurer to promote its products. As the name suggests, the tied agent is contractually tied to its insurance company ......
