Home  My Blog Show All Blog “Clueless” about what’s happening in the financial industry
|
|
“Clueless” about what’s happening in the financial industry |
|
|
|
|
Written by Wilfred Ling
|
|
Monday, 29 October 2007 |
|
I got a call from someone who was enquiring about certain products which I wrote about in a magazine.
Later on in the conversation, it occurs to me that the caller did not understand what is my occupation all about. She asked: “Are you like Relationship Managers in the banks?” (strictly speaking the answer is NO because we are not a bank.) She asked subsequently: “Are you like her P********* agent?” (of course not!) Then she asked: “Are you a [stock] broker?” (Of course no!) Well, I think I can imagine in her mind this question: “What the h*** is this guy over the phone working as?” Personally I find this no laughing matter. I am afraid that a great majority of the population in Singapore who has transacted financial products have done so either through the banks or insurance companies. From the last statistic that I recall, only less then 10% of the transaction is done through the IFA channels. This shows that a lot of people are not aware of the advantages of going through IFAs. Give your comments |
|
