Site syndication http://www.wilfredling.com Fri, 18 May 2012 20:12:22 +0100 FeedCreator 1.7.2 http://www.wilfredling.com/images/M_images/joomla_rss.png http://www.wilfredling.com Site syndication http://www.wilfredling.com/content/view/1647/9/ In the latest statistics from MTI, Finance & Insurance industry suffered the worst productivity of -4.8% for the 2012 first quarter. Sharing the worst spot was from the Infocomm. Singapore's overall productivity was -2.2%. I don't know enough about Infocomm but I do know why the Finance & Insurance industry has negative productivity. When a person wants to buy a... My Blog - My Blog Fri, 18 May 2012 15:15:16 +0100 http://www.wilfredling.com/content/view/1646/9/ On 9 & 10 May 2012, I conducted marathon workshops on estate planning. This is my first time doing so as I was unsure how the response would be. Each workshop lasted 6 hours. Altogether, there were 16 individuals who attended this talk. I consider it to be a well-received workshop. Below were some of the comments made on... My Blog - My Blog Mon, 14 May 2012 18:59:43 +0100 http://www.wilfredling.com/content/view/1643/9/ A professional financial practitioner does not work alone. He works as a team. More than merely a team member, the professional financial practitioner is the one who exhibits the leadership quality to lead the team. An analogy is that the general medical practitioner does not work alone but relies on other professionals. My Blog - My Blog Mon, 30 Apr 2012 22:36:24 +0100 http://www.wilfredling.com/content/view/1641/9/ Someone informed me of a research done by three researchers from Wharton,Harvard Business School and Harvard University relating to commission-based agents in the India life insurance market. The following were some observations: In our first experiment, we randomly vary both the stated belief of the customer as to which product is most suitable, as well information the client provides about his or her... My Blog - My Blog Wed, 25 Apr 2012 08:58:32 +0100 http://www.wilfredling.com/content/view/1640/9/ This morning, I gave a talk to parents whose children are attending the Grace Orchard School. Grace Orchard School caters to students who have been diagnosed with Mild Intellectual Disability and those with Mild Autism Spectrum Disorders. My purpose of the talk is to introduce to these parents what is meant to have a financial plan for their children with special needs.... My Blog - My Blog Tue, 24 Apr 2012 18:23:15 +0100 http://www.wilfredling.com/content/view/1639/9/ The Straits Times forum page (online and paper version) continues to receive letters on people who either support or oppose the assumed direction in banning commissions earned by advisers. Therefore, I will also just keep on writing the same subject on my blog. For today, I want to write on why consumers are mainly at fault why the fees charged... My Blog - My Blog Mon, 23 Apr 2012 09:20:33 +0100 http://www.wilfredling.com/content/view/1638/9/ Recently, I have been asked about the fee-based model and whether is it viable. In the past, few advisers asked me this question because it is more lucrative to sell products. Although MAS did not say commission will be removed, it appears that the industry thinks this is the direction. So many firms and advisers have started to prepare themselves... My Blog - My Blog Sat, 21 Apr 2012 23:03:28 +0100 http://www.wilfredling.com/content/view/1637/9/ I just submitted the letter to MAS: Dear Sir, RE: Feedback for Financial Advisory Industry Review (FAIR) As a full time fee-based professional financial planner for many years, I bring with me significant experience which I want to share with the committee. I am a CFA charterholder, Chartered Financial Consultant and as well as an ISO 22222 (SCI) certified person. I am an... My Blog - My Blog Wed, 18 Apr 2012 13:47:04 +0100 http://www.wilfredling.com/content/view/1636/9/ I read this article with amusement “FEE-BASED” IS A FOUR LETTER WORD FOR FINANCIAL ADVISOR CLIENTS (http://blog.registeredrep.com/copsandcrooks/2012/03/30/%E2%80%9Cfee-based%E2%80%9D-is-a-four-letter-word-for-financial-advisor-clients/). In the article it stated that: About 64 percent of respondents had a negative reaction to the phrase “fee-based.” ... Here are a few investors do like: savings, growth, goal, insured, portfolio, appreciation, return, results, trust and no fee. My Blog - My Blog Tue, 17 Apr 2012 09:03:17 +0100 http://www.wilfredling.com/content/view/1634/9/ There was a business times article entitled “Estate planning: Private bankers or lawyers? (http://www.singaporelawwatch.sg/slw/index.php/headlines/7154-estate-planning-private-bankers-or-lawyers)” It was an article on engaging lawyers and private bankers for estate planning. Many people think that setting up a trust is estate planning – it is not. Trust is one of the many tools and products used by an estate planner in implementing an estate... My Blog - My Blog Sat, 14 Apr 2012 09:22:01 +0100