Tuesday, October 11, 2011

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

About Me

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I joined Meyado Private Wealth Management as an international financial adviser in 1993. I have lived and worked in the USA, Europe, the Middle East and currently reside in Singapore in South East Asia where I am Managing Director of Meyado Pte. I am a qualified Financial Representative in Singapore under the MAS Financial Advisers Act as well as holding UK FSA CFP and FPC examinations and a BSc in Business and Law from the University of Hertfordshire in the UK. You can contact me at markpaine@meyado.com