If you take a look at the link:
http://www.mas.gov.sg/en/News-and-Publications/Press-Releases/2012/MAS-Releases-Results-of-Mystery-Shopping-Survey.aspx, you will realise that in Singapore, many "financial advisers" in banks or insurance companies aren't really there to advise you on how you should manage your wealth.
They are there for the sales commission and most of us should know it by now.
I got interested about this whole thing because i was once a bank salesperson who joined the bank with intentions to help people make money and grow their wealth. This whole issue is therefore, very personal to me.
How wrong can i be... If you look at the banks profits, you will know that the bank staff are helping the BANKS to make money and not YOU.
I saw from Wilfred Ling's blog [http://www.wilfredling.com] and earnestly believes in what he say. He as an independent financial adviser, ......