What is an ETF?

An ETF or an Exchange Traded Fund is, as the name implies, a fund. These funds are listed and traded on exchanges such as the FTSE or DJIA.

In their simplest form ETF's seek to mirror the performance of an index. For example the FTSE 100. The performance of the FTSE 100 ETF will be correlated directly to the performance of the index.

ETF's are usually low cost and trade like stocks, so you can buy and sell them quickly.

ETF's are an increasingly popular investment vehicle and as the demand has increased so have the amount of ETF's available in the market place, also the diversity of underlying asset has increased. ETF's can now be bought leveraged, long or short on the market, and in quite exotic asset classes, for example, new energies.

To understand how ETF's can benefit you, save you money and give you access to interesting investment classes take a look at our trading platform provided by iFast. Details are here

Article written by Mark Paine, Meyado Singapore

Find an IFA in Singapore

How do you go about finding an IFA in Singapore?

Technically IFA's, or Independent Financial Advisors / Advisers (see my other note on spellings Here ) don't exist in Singapore. The MAS (Monetary Authority of Singapore) is very fussy over the use of the word Independent when it comes to Financial Advisers. All entities which provide advice to clients are registered as Financial Advisers, the individuals licensed within those organisations are known as Financial Representatives. So it is a Financial Representative you are looking for in Singapore, not an IFA.

To find an adviser is tricky - there is a list of firms on the MAS website, or you could Google "find a financial adviser in singapore". If you wait long enough however chances are one will track you down and call you whilst you are happily at home in the evening watching TV (they trawl the phone books looking for anglo sounding names).

Be that as it may IFA's in Singapore (if it makes them easier to call them that) are in the main well qualified, well trained and provide a good service, advising only well regulated and good products. The problems which occur with products usually arise from clients not understanding the product, commiting too much for too long or a change in circumstances.

We would love the opportunity to tell you about what Meyado has to offer. Please contact us via our website www.meyado.com.sg

Financial Adviser or Financial Advisor in Singapore?

I often get asked by new hires why we spell Adviser with an "E". This is in fact the correct English spelling.

Advisor, with an "O" is the American version.

The vast majority of people will naturally spell adviser with an O, and if you Google "Advisor" you get about 4 times as many hits as with "Adviser".

I suppose then if you are British and want to be correct you would use Adviser, but if you want more web traffic you will sucumb to the American influence and use Advisor.

The term is also interchangeable with IFA which I explain here

Whichever you are looking for Meyado has advisers and advisors in abundance available to help.

www.meyado.com.sg

Assistant Branch Manager Position

Meyado Private Wealth Management is seeking an Assistant Branch Manager to help in the running of its successful Singapore operation. Meyado is one of the most successful regulated Financial Advisers in Singapore, with audited profit growth for the past 3 years of over 500%, the firm focuses on Pride, Profit and Fun.

Reporting directly to the Managing Director this will be a position of authority and responsibility. This exciting and rare opportunity to progress to senior management in the offshore financial services industry will require a strong candidate with a passion for the industry, huge drive and determination to be immensely successful, as well as the tenacity and strength of character to overcome challenging situations and capitalise on this incredible opening.

The position will require managing the existing team of advisers, assistance in the recruitment and training of new advisers, development of advisers, sales management, and personal sales.

• The successful candidate will have a Minimum of 3 years Sales Experience in regulated Financial Services,
• Have demonstrated Sales success which can be proven, and an Ambition to be in Management.
• A Strong Geographic orientation to Singapore is essential.
• Ideally Aged between 27-36, references will be taken up.

The company offers a generous results orientated package consisting of salary, over ride on sales team, share of branch profit and own commission income. OTE SGD$300,000. Note: Singapore residents pay a maximum of 20% income tax.

Applicants should provide a cover letter detailing specifics of why they are interested in the particular position, a detailed CV highlighting relevant qualifications and experiences making them suitable for the position, and a current business photograph.

Contact Singapore@meyado.com