Do financial advisors help to jump start your investment journey? What's the market rate for their service? And lastly, any recommendations / positive experiences anyone can share? - Seedly
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Trinity Teo

Asked on 02 Jun 2020

Do financial advisors help to jump start your investment journey? What's the market rate for their service? And lastly, any recommendations / positive experiences anyone can share?

I recently came across two independent financial investors online who provided services such as (1) investment planning, (2) oversee portfolio, and (3) rebalance portfolio along the way. They charge an onboarding fee of up to $1,000; and an annual rate of 1.5%.

I would like to hear from the community if anyone has worked with one, and how the experience has helped you? And is it worth the sunk cost in the long run.

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Answers (3)

Tay WenHao

Tay WenHao

Level 7. Grand Master

Answered on 02 Jun 2020

You can approach FREE Independent Financial Advisors. They will be able to give you advices and recommendations. Even though they do not manage your portfolios.

There are many great IFAs on this platform. They provide great advices.

I would say its not worth for a paid FA if your net worth is low. You can easily manage your funds yourself and put into roboadvisors or ETFs for lower charges.

2

Trinity Teo

Trinity Teo

03 Jun 2020

Hey WenHao, do you have any recommendations for IFAs here? Would be grateful if you could link me up with them :) Am concurrently exploring roboadvisors and ETFs too!

Tay WenHao

Tay WenHao

03 Jun 2020

There are many IFAs on this platform. If you haven joined the Seedly Facebook Group, you can join the group and ask over there. Im sure many of them will be willing to help.

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

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1.5% charge, they better gtee you 15% annualized return then!

1

Trinity Teo

Trinity Teo

03 Jun 2020

Haha! I would be more than glad to pay 1.5% p.a. IF they can guarantee a 15% annual return 😂😂😂

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Boon Peng

Boon Peng

Level 6. Master

Updated on 02 Jun 2020

Hello Trinity!

I think having a financial advisor is a great way to kick start your investment jour...

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