| Carrying Commission-Less Products |
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| Written by Wilfred Ling | ||||||
| Thursday, 03 December 2009 | ||||||
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To all product manufacturers, For sometime already, I noticed that my website is significantly visited by product manufacturers. Product manufacturers mean banks, insurance companies and asset management houses. Sometime other IFA firms also visit my website. I would like to propose something unheard off in Singapore. I want to distribute your products or services without any commissions or introducer fees. The cost of product or service naturally have to reflect that fact. I know of many products and services that are good and yet financial advisers do not recommend it because of low/no commissions. I am not interested in toxic assets and complex products. If I don't understand the product within 5 mins upon reading the marketing material, I considered it as a toxic and complex product. All products and services must be regulated by MAS. I am not interested in landbanking, Wine, Art, MLM and anything that guarantees double digit returns. I am looking for simple products for the simple man. The reason i don't need the commission nor introducer fee is because my clients already pay me a fee separately. My job is to find good products for my clients. Please contact me for discussion if you are keen to work together. I can show you how I work with one legal firm in introducing legal services to them and you may wish to built on from that example. You can work with me as an individual first. If the business model is good for you, in future I can introduce you to my firm to consider your product/service.
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