Asked on 29 Apr 2020
Anyone had experience with this before? What are the pros and cons? Is it good?
If you want free, without the consultations:
95% of all personal financial questions answered with one question:
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I'm not a huge fan of comprehensive personal finance even though I am a practitioner, and qualified to do it. My mantra: Keep it simple, automate, and focus on your career.
I've been waiting for my report for a week now. They also force you to make an appointment with their FA prior to releasing the report. The FA is not replying me as to when the report will be available. I expected a faster process. It's quite a hassle and not worth it.
All financial advisor give free comprehensive financial planning... Except those who charge fee..
I went to their portal and do the process.. It basically gather hard facts..
1 of the key difference is their platform. Which i mentioned that their platform is not totally comprehensive enough and thus they are hybrid.. Their advisors will still meet u.
Its the same process as all FAs..
Reach out to me if u would like to do free comprehensive financial planning..No obligations. You can compare the difference.
I went for their comprehensive planning. For the layman, it's a good way to have a better understanding on your spending habits
They will first look at your emergency funds, then the insurance coverage afterwhich they will share on investment part. No hardselling whatsoever
If you ask me isit super comprehensive, it is not... I would probably pay at max a small fee. However, its more comprehensive in the sense that you have time to figure out how much you spend, have cpf figures directly downloaded.. With agents, most of us will not be able to churn out the info off hand unless you know your spending habits well
Did not take up their service.
met one of their management C____ T__ at one seminar 1 or 2 years back. He did not convince me their advisers will be independent, nor have their customers' interests at heart.
but since the service is free for now, no harm go through, and seek out a few other opinions too.
Hey Anon, I've tried it previously and I feel that you should too, since it's complimentary for a limited time only which basically means you have nothing to lose. Just input certain details like your CPF balance, insurance coverage, expenses etc. and a client advisor (assigned to you) will prepare a concised report and go through it with you to provide necessary advice. For example, a few recommendations from my advisor was to take up a hospitalisation plan as well as put more of my cash to work (invest).