Job vacancy for a senior Wealth Manager / IFA / Financial Advisor in Singapore

Meyado Singapore is seeking to recruit a senior advisor to its' Singapore team.

The relevant candidate must be experienced, senior and well established as an international advisor.  Preference will be given to applicants already established in the South East Asia region, although all applications will be considered.

A generous package is available to the right candidate.

We are not looking to hire en masse, rather we are looking for one individual to join our well established, highly reputable office, so only career oriented people need apply.

In the initial instance please apply via our website www.meyado.com.sg

Meyado Singapore

Meyado Recruiting in Singapore

Meyado Private Wealth Management Singapore seek two Wealth Management Assistants

May 2013

Meyado are currently looking to hire two persons in the Singapore office.  The role will entail market research, marketing, fund analysis and product development leading to possible career advancement to an advisory level, or to the investment committee.

We invite applications from all types of candidates, but specifically require that candidates will have the requisite qualifications to warrant an employment pass by the Singapore Ministry of Manpower, as well as being self motivated, confident and energetic enough to shine in the very competitive market place we operate in.

Meyado strives to have the most professional team of employees in the Singapore Wealth Management industry and all candidates must enhance that reputation.

Visit the Meyado Singapore website and visit the careers page  for full details.

Mark Paine

Meyado

*** Thank you for your interest - these positions have now been filled.  Please check our website for current vacancies. ***

Should I buy Gold?

By Mark Paine, Meyado, Singapore

Gold prices have fallen significantly over the past months, recent volatility has seen gold trading at around the $1400 level of late.  Having reached a 2 year low gold has surged forwards in the past days creating 12% gains in gold price.

The US mint limited sales of physical bulletin as investors rushed to buy gold.

We have long advocated gold as part of portfolio planning, but like with everything in life moderation is key.  Certainly for persons who currently hold gold and who bought at higher prices now would be a good time to average that cost down by buying in at the lower levels.

Gold has always been a difficult asset for retail investors to speculate on, but if you are going to do it, now would be the time.  Access via funds, ETF's and structured products make it easier than ever to hold bullion, but there's something fun about purchasing a bag of gold and having hold of your asset.

If you'd like to discuss how gold could fit in as part of your portfolio planning our advisers are on hand to give advice and assist purchases.

Mark Paine
Meyado

Visit our Meyado linkedin page

Batam Conference 2013

We just returned from a weekend at the Turi Beach Resort in Batam.  10 of the team were invited for the weekend to help further develop our client value proposition.  With MAS introducing the FAIR recommendations we felt it prudent to spend some time offsite reviewing our business model to see how we can do a better job for our clients.

We came away with 4 key points which include, client servicing and IT, CRM, adviser education and new client support materials.

The implementation work now begins and we have a 100 day plan to achieve our objectives.

We also managed to find a little time to have some fun!

Mark Paine and the rest of the Meyado Singapore team

Mark Paine
Meyado
Singapore
www.meyado.com.sg

Meyado's Christmas Event in Singapore

Thanks to attendees of the Meyado 2012 Christmas Ice Skating event at Kallang on Sunday.  This is the third time we've run this event and it was the best by far!

 

    The Meyado team in Singapore
Ice Skating in Singapore may not seem the obvious past time activity which is why we always like to host this event. 

Additional thanks to all those who contributed to the Childrens Society of Singapore raffle and congratulations to the winner who gets a lovely Marks and Spencer hamper for Christmas.


Mark Paine
Managing Director
Meyado Singapore
www.meyado.com.sg

Meyado participate in the Run for Hope

On Sunday the Meyado Singapore team participated in the annual Run for Hope.

10,000 participated in the 20th annual run to raise funds and awareness for cancer research.

Meyado has a tradition of participating in such events locally.

Mark Paine
Meyado
Singapore

Meyado Run for Hope

On Sunday 18th November 2012, the Meyado Singapore team will participate in the Run for Hope 10k event.  Full details of the event are here.  Last year the team entered the Standard Chartered marathon in Singapore.  "It's a great opportunity to have some inter team competitiveness played out in a positive and healthy way", says Mark Paine, Managing Director. "I'm a big fan of any events like this which gets us office dwellers off our chairs and exercising", he went on to say.

"Cancer is very much on my mind these days", Paine explains, "I recently lost someone close to me with cancer, and another is battling with it".

Run for Hope raises funds and awareness for Cancer Research and is in its 20th year.

Mark Paine
Meyado
Singapore

International Adviser Article on Meyado

http://www.meyado.com.sg/images/pdf/international%20adviser%20article%20nov%202012.pdf

Get your swager on

No I haven't spelled swager incorrectly - well at least not as the new acronym that is doing the rounds of Wall Street of late.

Swager stands for Silver, Wine, Art, Gold, Energy and Real Estate - these being real assets widely touted as the undiscovered appreciating assets of the future in the US.

We have experienced growth in these physical products for years in Asia.  Just try and buy a bottle of Petrus in Singapore and you'll know what I mean.  The knock on effect of demand of this nature has propped up many a vinyard in France over the past half decade.

Domestic inflation in the US however would mean the increase in prices of precious metals, quality vintage wines, as well as high end spirits (think whiskey), energy prices, both fossil and renewable and that most influential of assets - property.

We are definitely at the early stage of this group of assets being an asstute investment as it could be argued there are deflationary rather than inflationary pressures in the US.  However, the early bird catches the worm and these could be assets your pension fund is crying out for.

Please consult your adviser before making any decisions.

Mark Paine
Singapore
Meyado

Rules of Thumb for Savers

Some basics for savers - we get asked these all the time so you may find some useful;

Q.  How much cash should I keep by?
A.  3 times your monthly expenditure in an instant access account if you are in a stable job and have been there for some time, double that if you are self employed or worried about job stability.

Q.  How much should I be saving?
A.  Rule of thumb is half your age as a percentage of your monthly income after tax.  So a 40 year old should be saving 20% of his income. 

Q.  How much money do I need to retire?
A.  20 times your annual income retirement.  So if you want 50,000 a year you need a million invested.

I'll post up more as I think of them!

Mark Paine
Meyado
Singapore
www.meyado.com.sg

Long term saving is boring

In my 20 year career as a financial adviser I've come across two types of people when it comes to money management; those who spend what they have, and often more than they have, and those frugal folks who always seem to be able to squirrel something away at the end of each month.

A very typical scenario is the corporate expat - housing, schooling, insurance, business class trips back home, car and more all covered. Fat, low tax salaries should mean these are my wealthiest clients, but more often than not they aren't. Wow, these guys can spend it. I usually highlight to these guys that whilst it is great to have a brilliant photo album at the end of their overseas experience an empty bank account is not so alluring.

My wealthiest clients are without fail those who experience capital evens. The sale of a house (eg in Dubai in 2007 one client realized £2m on the sale of a Palm Island property), or the sale of a business.

Next on the list though are not all big earners, they are frugal spenders and good savers.

Boring some might say, but that tends to be the big spenders. The ones that start to have a problem at 55 when they realize they have no pension, can't afford inflated insurance costs and still won't change their ways.

Perhaps a balance in life is the way forward, live in the moment but keep an eye on the future.

Mark Paine
Meyado
www. Meyado.com.sg

A Meeting of Minds

Yesterday I attended an all day conference for owners and managers of private banks and wealth management firms from Singapore and Hong Kong.

The event had three main focuses; presentations, work groups and networking.

The FAIR principles were a peeve land topic of discussion and representatives from the Financial Planning Association were present and available to discuss potential implications.

As with most conferences of this type hot agenda topics were fair treatment of clients, sustainable business models and the future of the industry.

There is a follow up breakfast in January I am very much looking forward to.

Mark Paine
Meyado
Singapore
Www. Meyado.com.sg

QROPS, QNUPS or SIPPS?

Not such an easy answer now. With taxation at source, IHT, DTA's and GAD, QROP decisions are made all the more complex.

The main factors to consider, in my view, are; will you return to the UK for your retirement, can you manage your money better than your current pension manager, are the fees worth it and is IHT of concern.

We have spent many hours researching all of these questions and have talked to QROP providers in all three current popular locations (Malta, New Zealand and Isle of Man).

Contact me to discuss further.

Mark Paine
Meyado
Www.meyado.com.sg

The Future of personal financial advice in Singapore

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

Jean - Philippe Lionnet's Blog Address

Visit one of our advisors blogs here;

http://jean-philipe.posterous.com/

Mark Paine
Meyado

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

2011 Corporate Rugby 7's

Meyado is sponsoring this years Rugby 7's in Singapore.

If you would like to come along as our guest we would love to welcome you. Contact us via the website for an invitation.

www.meyado.com.sg

Meyado Enters the Standard Chartered 10k Run

We have confirmed entrance for the December 4th 10k run in Singapore. We were too small to enter a corporate team as you needed 25 runners, but we've all entered and are now in active training.

This is a great example of our ethos of Helping People and Achieving Goals

More info here