How would you select your financial providers or insurance agents? Would you use independent advisors or only agents from mainstream insurance companies?

Thanks guys! I decided to go with a multichannel advisor (or what we layman called IFA but I think there ain't really any independent FA around in SG so..)

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My friend recommended a AIA agent to me and this guy was pushing me to take up ILP while my point is to take up PA for vitality 😂.

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Met him, asked for his credentials; time pass by with him keep pushing ILP to me and me signing on the PA with him on the spot. Message him next day not to submit the details because good thing I spoke to my multi channel advisor first... There's a lot of clauses guy didn't mention and I felt weird even though he was sincere. CSI-ed him and found out he lied about his credentials as well.

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I'm not going to report him but I have already told him why frankly since he asked and should I see him in trouble some day I won't hesitate to add on evidences.. so I think apart from all the points that you all have mentioned, have to CSI your agent too! 😝

I value the following
1. Sincerity
2. Candour
3. Knowledgeability
4. Commitment
5. Non-mercenary motivations
6. Humility
7. Diligence

I must say, that Luke Ho is a top man who I find fulfills the above. Found him on seedly, and working with him since.

rarely advisors do proper fact finding, they recommend product straight away either by asking u simple questions like; u got what types of insurance or doing reviews and recommending products you might be lacking.
sometimes prospect as the above will be wtf when i do fact finding on all his or her finances. today i do financia planning, i need to know all the details so that i can see what value i can add on.

my early years as an advisors; most common objection is my friends are in the insurance line. i let them know the pros and cons of buying from friends. i can tell u, normally u buy from a friend, you are buying what they recommend or you buy to support their biz.
alot of agencies leaders always ask the new advisors to sell to their warm market, reason is its easy, secondly which in the mind frame is when these new agent leave, all their clients will be with the company and the leader will always get the commission.

whether u choose FA or tied agents or not, depend on you.

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