facebookShould I have different financial Advisors for different purposes? - Seedly

Anonymous

11 Dec 2020

Retirement

Should I have different financial Advisors for different purposes?

For example, 1 for personal insurance and another 1 for investments. Assuming that I’m comfortable with the policies/ plans with the respective advisor.

Discussion (3)

What are your thoughts?

Learn how to style your text

Tan Siak Lim

11 Dec 2020

CFP. Director, Financial Advisory Group at Financial Alliance

A good adviser will be able to handle both competently, though most advisers you come across tense to be more insurance people, and the only investment they know are ILPs...

Yes, I am of the view to keep insurance and investment separate. You will need to have an overview of your finances.

I am also of the view that we don't need advisers for investments. Yes, back in the days when investments were a rich man's game, we need an "adviser" (or more correctly, a distributor). These days, we have more convenient access to online brokerage, robos, DIY platforms.

Unless your adviser has access to unique and exclusive opportunities, I don't really see the need for adviser.

View 1 replies

Write your thoughts