How much do Financial Advisors REALLY make? | Life of a Singaporean Financial Advisor #03
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- Опубліковано 2 жов 2024
- "How much can FAs really earn in Singapore?"
During my 5 years in this industry, that is the most common question I've gotten. I've always believed in radical transparency and hence, I will be doing a detailed breakdown on how much a financial advisor in Singapore can REALLY earn!
For those who are considering the Financial Advisory industry and are curious about the career, this video is perfect for you. I will cover content such as income structure, expenses, CPF and even taxes, so that you know EXACTLY the ins and outs of the income of a Financial Advisor 👍🏼
For the rest, I hope that you'll find this video informative and interesting too 😁
0:08 Intro
0:59 💰Commission rates
2:07 💰Recurring income
2:44 💰Base pay
3:55 💰Bonuses
4:34 💰GROSS INCOME
6:30 💸Expenses
7:16 💸Taxes
7:37 💸CPF contributions
8:30 💸 NETT INCOME
9:18 Closing
REFERENCED IN VIDEO:
Taxes in Singapore - www.iras.gov.s...
Compulsory MediSave contributions - www.iras.gov.s...
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Great info. Thank you for sharing
Is it possible for 40s to enter into this career without financial background?
Yes sir
Yes of course!
how come my company offer basic of $2,XXX for selling insurance and commission too if close deals...
Income Insurance?
great info, appreciate the breakdown!
I hate investment linked products coz I think the fees are too high and the commissions just eat up my gains. So I prefer to do my own investments. But thinking of the COL in Singapore, guess it’s inevitable. FA still need to earn a decent wage. I think Financial Planning is just like assembling IKEA furniture. You are supposed to DIY coz it’s the most economical, but if u require help, there are experts to do it for u, so no hassle for u, but u have to pay for it! Fair?
Thanks for very clear presentation. You're a blessing
you're forgetting about fee based advisers
XU YuChuan______ The Man_______The Myth________The Legend !!
Which company you are working as a fa or you are owned a firm?
I am representing AIA Singapore :)
Dats great even im working as a financial advisor in India
Like we handling MDRT, ToT and oT advisors
Very good explanation. I am a CFP but stays in India. But I have 15 years plus experience in insurance field. How good shall be my job prospects in Singapore. Will any company hire me? If yes, how can I apply for a job in Singapore?