With Financial Advice Industry Review underway in Singapore many advisers are questionning the future of financial services in Singapore. Or more specifically their own future and that of the firms which they work for.
There is no doubt that a better deal for clients is in everyones interest. How best to achieve that is the big question.
Meyado has already undergone, successfully, the RDR changes in the UK and is happy to follow a similar business model in Singapore.
Essentially Meyado is already geared toward fee based financial advice, which seems to be one direction the industry could take. Clients on the other hand are a very long way from understanding, or willingness to pay for financial advice. Thus, a large amount of time and effort needs to be taken by the MAS to educate the market as to the benefits of professional advice.
For more information on fee based advice in Singapore visit our website or drop me a line directly and I can put you in touch with one of our advisors.
Mark Paine
Meyado Singapore
www.meyado.com.sg
About Me
- Mark Paine
- 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
