What are your opinions of Finexis Advisory Singapore? I am deciding whether or not to join Finexis Advisory and would appreciate a review of the company or any advice on whether this would be a good option for me.?

I would strongly discourage you from joining Finexis as a consultant because I'm quite concerned with the integrity of their agents.

They brand themselves as an independent financial advisory that prioritizes their customer's interests, which I highly doubt to be true.

Many Finexis agents work by asking their clients to surrender their existing policies and buying new policies from them, on the basis of having to pay lower premiums.

However, there are many factors that we have to take into consideration before deciding on whether to surrender a policy. A lot of older policies have more lenient definitions (e.g. Critical illness policies), and this makes claims a lot easier. Whole-life policies and investment-linked policies also have cash value accumulated which compounds interest and accelerates further accumulation in cash values.

On the surface, it may seem that you have saved a bit more in premiums but there are a lot of hidden repercussions that have not been surfaced by their agents.

Lastly, I'm pretty sure that most of us have made an informed decision before purchasing a policy (it must have served our needs at the point of purchase), and it's pretty pointless comparing policies because most insurance companies have similar policies.

So, i hope you consider joining other (more ethical) insurance companies instead

After some casual talk about accident, hospital plan...etc

try to link the conversation back to investment plan for retirement fund,

try to influence your customer to believe in your investment team, doesnt matter the track record, just make sure they sign the contract, then they will forced to continue paying, this is how u can earn big commission.

but you yourself dont trust the investment team ya, bcos like all the mutual fund management, before the market crash, they see the signal, but they wont bother to help customer to close the position to liquid out the fund, by right the same amount of money can use to buy back more unit at lower price. nope, they will watch it crash, then ask customer to fork out money to buy more.

try aim for customer who are less than 30 years old, or/ and with high income, they are easier target to be influenced. by the time the customer realise, it would be too late. as for your conscience, just be "sincerely wrong" will do, this helps reduce guilt.​​​

I met up with their Financial Advisors (FA) before. Generally quite okay. They are Independent Financial Advisors (IFA) which can sell products from different companies. Thus a wider range of selections.

The FC I met is able to cater to my requirements. I've gotten the policy from them last year and to date it's still one of the best value for money.

I'm quite active in my own insurance planning so I usually meet up with 5 to 10 FAs a year to do comparisons and review. I feel that its good to get multiple opinions to minimise biased opinions. If 5 different FAs from different agencies recommend the same product, its highly likely that product is good.

• E.g. If you ask a friend what phone to get, some will say Samsung, some say Apple, but nowadays no one recommend Xiaomi/LG anymore. Which means that if you meet an someone pushing to sell you Xiaomi/LG, highly likely its due to commission, etc.

For myself, I know exactly what I need so its difficult for them to hard sell me something that I dont need. However, if they can offer me same coverage and premiums are cheaper or better benefits same price, then I'll consider a change.

As a former insurance agent of a tied agency, I think joining an independent financial advisory firm would definitely by an added advantage.

If I were you, I would definitely go ahead and give this a shot.

Furthermore, I have heard pretty great things about finexis, I have met some financial consultants from there before and they seem pretty competent.

Hope that helped.