Manulife Financial Career Opportunity Program
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Do you have a degree, diploma or A levels? Manulife Financial, a leading global financial firm, is hiring for the position of Wealth Management Trainee. Find out more at our Career Opportunity Program!
Venue: 51 Bras Basah Road, Manulife Centre S189554 (Bras Basah MRT Station)
Date: 14 January 2014, Wednesday
Time: 6pm to 9pm
Dinner will be provided.
We have invited Dr. Andrew Goh, who will be sharing about making the right career choices. Do pm me with your name, age and contact number to register. -
is this a trainee management ?
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says there management trainee
but we all know that is just a "nicer" term for something else
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Yes, it is considered to be under trainee management as there will be mentoring and trainings, with the chance to manage your own team in the future
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So do your insurance company mention to you that they will sponsored your M5, M8 and M9 examination or is it at your own expense? Do not forget that regulation like 'Do Not Call' is not in a favour for salesperson. Finally, is your training considered of looking for 'warm' lead like your family and close friends for selling policies plan? Finally I can always learn a more useful investment training rather than crap like how to do cold call and hard-selling finanical products : http://www.optionsprofitmastery.com/training
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Originally posted by The Code:
So do your insurance company mention to you that they will sponsored your M5, M8 and M9 examination or is it at your own expense? Do not forget that regulation like 'Do Not Call' is not in a favour for salesperson. Finally, is your training considered of looking for 'warm' lead like your family and close friends for selling policies plan? Finally I can always learn a more useful investment training rather than crap like how to do cold call and hard-selling finanical products : http://www.optionsprofitmastery.com/training
Examinations required for the license will be sponsered and company will provide tutorials and trainings to ensure you pass. Trainings and mentoring thereafter will be more towards competency to provide a holistic planning for clients' wealth management. Warm leads are good to have, but we do not believe in selling. By doing a thorough needs analysis, warm leads can prove to have opportunities as not many do what we do - a thorough wealth management.
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mlm bo
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No, we are not a mlm. Furthermore, we are registered with Monetary Authority of Singapore and you can find each and every one of us on the Register of Representatives.
You are welcome to come find out more at the talk stated above. There is no obligation and you can bring friends along if you are uncomfortable coming alone. Please pm me with your name, age and contact number to register.
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Insurance sales: More info, less understanding
I AGREE with Ms Elizabeth Tan Boon Kwan ("Guard against overselling of insurance products"; Thursday).
Although she bought her policy before the introduction of the Financial Advisers Act in 2002, several financial advisers continue to oversell the benefits of insurance policies even today.
Investment-linked policies, for instance, are often marketed as having the benefits of both insurance and investment.
In reality, many of these policies' insurance charges rise in an exponential fashion as one ages, resulting in these policies lapsing because the policyholders are unable to continue paying the premiums and the cash values are insufficient to cover the shortfall. Many young policyholders will realise this problem only after 40 years.
Although this was highlighted in the media, little has been done except the requirement for greater disclosure in the form of more benefit illustrations.
This brings me to the next point - the amount of documentation a client needs to read and sign has become too large.
The irony is that such information overload results in the client understanding less. Of course, this is where the financial adviser steps in to advise and assist, but there is a conflict of interest.
In Singapore, financial advisers are required to recommend products based only on a "reasonable" basis; there is no fiduciary requirement.
I suggest the Government consider the model adopted in the United States, where a Registered Investment Adviser has a fiduciary duty to look after the interest of the client.
Wilfred Ling
Forum, The Straits Times, Saturday, January 3, 2015, Pg A37
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Thank you, The Code for the article. Yes, we are aware of this happening. That is why we do analysis for each of our clients and cater solutions accordingly to their needs and concerns. Ultimately, such policies are only instruments for us to achieve our financial goals. Their features should address our problems and we should not be recommended just because they are good as what is good for a client might not be suitable for another.
By the way, do you know there are two types of investment-linked policies? One causes the insurance charges to rise in an exponential fashion as one ages, which the article mentions. The other drops as one ages. But whether your advisor is aware and bothers to look into the two types when planning for your needs, is another story.
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Lol. That why if I really want to find way to grow my wealth, I should look for methods to make money like this : http://cbproads.com/clickbank/index.php/beginners-guide-to-clickbank without having to spend money in the first place which is the utmost way. Even Warren Buffett had this saying : "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1".
Also for those working adult, it is known that most companies would cover their employee with their company's insurance policy e.g NTUC Income or the Integrated Healthcare Solution from AIA where any medical cost would be either subsidy or cover by company. Plus there are lot of government's finanical assistance scheme and even our CPF , it not like employee would be 'desperate' to find an finanical advisor for help when trouble arrive.
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There are many ways to grow your wealth. Your way may be one of them. So long as you understand the risks involved and know what you are doing, it will be justified.
Regarding company insurance, it is one of the best ways to get coverage. Especially if you have pre-existing illnesses. However, it might not be enough. Furthermore, the coverage is tied with your contract and might not be portable. And by the time one is not working anymore, he/she might find it hard or impossible to get any coverage, should his health deteriorates etc.