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Jake Lai Jin Hua

07 Jun 2019

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Is it a requirement for FA firm to inform client once their rep has resigned?

If the FA Firm did not inform the client, is it against the law?

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Zin Htoo

07 Jun 2019

Financial Services Consultant at AIA

No, it is not against the law as the Financial Services Consultant is an intermediary that is licensed to advise you based on your financial needs. Upon which after your policy is incepted, it is between you and the company. However, the consultants as an action of good faith, assist their clients in the claims and further financial health reviews. The norm is that the company will inform you that there will now be a new agent appointed to help to manage your profile. However, it is not against the law if they do not so.

If you would like to have more information, feel free to reach out to me at [email protected]

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To all my fellow advisers here, do you guys make it a point to inform your clients about the free look period whenever a review/policy signing is being done?

Is it true that only person with high net worth and capital requires a FA? (Not as much of a value-add for lower-income personnel) ?

Is it more advisable to buy life insurance from the company's financial adviser or an independent FA. For both cases, will another agent be assigned by the company should the agent leaves or resign.?

Will I be barred from my agent license if I download my client's information and scanned document?

Have an iOS application development contract and the client requires us to carry $2 mil Professional Indemnity Insurance. Is this a common request?

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