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Overview, Trends, Business Model
Overview
The Financial Services Industry in Singapore has undergone a sea change and the following changes have become irreversible trends:
Trends
A fifth trend which is strong in many of the developed nations and which will likely come to Singapore is from commission-based to fee-based. Those seeking careers in the industry must factor in these trends and focus and build for the future with companies with business models and strategies which embrace and not resist these trends.
Business Model
To meet the challenges presented by these trends, Promiseland has built a distinctive business model of an INDEPENDENT one-stop station with specialists working in teams to become the IFA not only of the present but the future.
Trends
The Financial Services Industry in Singapore has undergone a sea change and the following changes have become irreversible trends:
- From product-pushing to providing client centric advice and customised solutions
- From single representation or tied agents to multi-representation or distributing for many product providers
- From representing Principals’ interests to representing clients’ interests
- From just providing “reasonable basis” advice (non-independent advisers) to “fair and objective” advice (independent financial advisers (IFAs))
Independence and Specialisation
To meet the challenges presented by these trends, Promiseland has built a distinctive business model of an INDEPENDENT one-stop station with specialists working in teams to become the IFA not only of the present but the future.
We seek dynamic and enterprising men and women of solid character and commitment to success to join us and build a “COMMUNITY OF TRUST”.
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Our Track Record
Promiseland is Singapore’s most established Financial Adviser with a track record and wealth of experience built up since 1986. It is a leading example of a one-stop financial services station helmed and staffed by specialists all contributing to giving maximum value to clients.
- 1986 – Singapore’s second composite insurance broker
- 1990 – Singapore’s first life insurance broker
- 2003 – One of Singapore’s first Independent Financial Adviser
- 2004 – One of Singapore’s first one-stop stations for financial services
- 2005 – Regional network
Career Options
Find out more about our various positions (Wealth Managers, Financial Adviser Specialists, Financial Adviser Assistant Director, Financial Adviser Associate Director)
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Career Success Factors
The ABC’s – We have found that people who have some or all of these five traits have done very well…
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Compensation
Our Advisers enjoy one of the highest compensation structure by design as we deem them the key people of the Company. While top performers enjoy the highest Banding rate, our experienced advisers are assured of a fair rate always
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