I will be holding a small seminar on how to avoid costly financial products and potentially devastating pitfalls in Singapore’s commission-driven financial advisory industry on 25th August, Saturday, later this month.
I am targeting this seminar at young working adults and fresh graduates because I know first-hand that this segment of individuals is heavily targeted at for sales of insurance and investment products that provide poor value. Financial agents usually employ advanced sales and prospecting techniques to push products that enrich themselves at the expense of their clients. People with full-time jobs have no time to come to an informed understanding of what they are purchasing exactly.
I have met many clients whose financial portfolios burden them heavily whilst not providing meaningful insurance coverage nor properly helping them reach their retirement goals. They typically purchase expensive products when they have just started working. Being proactive in one’s financial affairs at ......