Earn Beyond Driving
Become a Part-Time Financial Advisor in Singapore.
You don’t have to choose between stability and flexibility. You still don’t have to give up driving. Stay on the road while you get CFMAS licensed, collect a base package while your clientele grows, and earn renewal commissions on policies you wrote years ago. One of the best side income opportunities for Grab and other PHV drivers in Singapore — build a career that keeps paying even when you’re not driving.
Stability
Monthly income support while you build your advisory career100%
Full support provided to help you get started confidently
Flexibility
Keep driving while building a second income stream
A Package Built
For PHV Drivers
CFMAS Exam Fees, On Us
RES5, M9, M9A, HI – all your licensing exam fees are sponsored. We want you qualified, not broke getting there.
Mock Papers & Exam Prep
Access to curated CFMAS mock papers, study guides, and weekly revision sessions — so you actually pass on the first try.
Mentorship From Day One
Get paired with a senior FA who’s been through the exact same journey. Real mentorship, real industry contacts, real talk.
Residual & Renewal Income
Policies you write today pay you commissions for years. Unlike driving, your income doesn’t stop when you stop working.
You’ve Already Solved What
Stops Most New FAs
Most new financial advisors struggle with one thing.
Getting to clients.
They rely on MRT, buses, and ride-hailing just to show up to appointments. Every meeting costs them time and money before they’ve even said hello. It slows them down, limits how many clients they can see in a day, and quietly kills momentum in those critical early months.
You’ve already solved that problem.
You have a car. You know Singapore’s roads better than most people know their own neighbourhoods. You can be in Tampines at 10am, Jurong West by noon, and Bishan before the school bell rings. While other new FAs are figuring out bus transfers, you’re already in the carpark.
That’s not a small edge. That’s months of advantage compressed into Day One.
Grab, Tada and other PHV drivers make surprisingly good financial advisors – not despite their background, but because of it. You’re already comfortable meeting strangers. You already know how to read a room in the first thirty seconds. You’ve had more spontaneous conversations about money, CPF, insurance, and retirement than most people have in a decade.
You just weren’t getting paid for the advice. Now you can be.
Keep the car. Keep some driving shifts if you want. Add a client meeting between airport runs. The transition doesn’t have to be a leap – it can be a lane change.
Minimum Requirements for being a Financial Advisor in Singapore
- Singaporean or Singapore Permanent Resident
- GCE ‘A’ Level certificate with three H2 passes and two H1 passes; • Or an International Baccalaureate (IB) diploma;
- Or a polytechnic diploma; or equivalent academic qualifications.
Financial Advisor Examination Requirements
- RES 5 — Rules & Regulations for Financial Advisory
- Module 9 — Life Insurance and Investment-Linked Policies
- Module 9a — Life Insurance And Investment-Linked Policies II
- Health Insurance Module
How to Succeed as a Financial Advisor
To be a successful financial advisor in Singapore, a deep understanding of financial products, investment strategies, insurance, and the local financial market is crucial. This knowledge enables advisors to provide accurate and relevant advice to clients based on their individual needs and goals. Financial advisors must also possess strong analytical skills to assess clients’ financial situations, evaluate risks, and offer tailored solutions that align with their objectives.
Effective communication is another vital skill for a financial advisor. The ability to clearly explain complex financial concepts in simple, relatable terms helps build trust with clients and ensures they understand the options available to them. Along with communication, strong sales and negotiation skills are important for selling financial products and securing business. Advisors must be able to persuade clients while also negotiating terms that benefit both the client and the firm.
Relationship building is at the core of a successful career in financial advisory. Establishing long-term, trusted relationships with clients requires consistency, integrity, and a commitment to their financial well-being. In addition, financial advisors in Singapore must be well-versed in local financial regulations and ethical standards to ensure compliance and maintain credibility. This regulatory knowledge is essential to navigating the industry responsibly.
Finally, effective time management is necessary for financial advisors to juggle multiple clients, meetings, and tasks. A successful advisor must prioritize client needs, stay organized, and ensure high productivity. The ability to problem-solve and adapt to changing client requirements also plays a significant role in long-term success.
Why More Grab Drivers Are Exploring Financial Advisory in Singapore
Driving gives you freedom, but many Grab drivers know the challenge too. Long hours, rising fuel costs, changing incentives, and income that depends on how many trips you complete each day.
That’s why some drivers in Singapore are exploring financial advisory as a flexible second income without giving up driving.
You can continue driving while studying for your CFMAS papers and slowly build your client base on your own schedule. Many start part-time first before deciding if they want to go further.
Here’s why the financial advisory industry appeals to Grab drivers:
-
Flexible working hours
Meet clients between driving shifts or during non-peak hours. -
Build recurring income
Unlike daily fares, renewal commissions can continue paying you for policies written years ago. -
Strong income potential
Singapore’s financial services industry continues to grow, creating opportunities for advisors who are willing to learn and build relationships. -
Everyday networking opportunities
As a driver, you already meet people from all walks of life every day. Many drivers naturally develop strong communication and people skills that are valuable in advisory work. -
No need to stop driving immediately
You can start part-time, maintain your existing income, and transition at your own pace. -
Growing demand for financial planning
More Singaporeans are looking for help with insurance, retirement planning, investments, and protecting their families.
Being a financial advisor is not overnight success. It takes consistency, trust, and effort. But for Grab drivers looking to build something beyond daily driving income, it can become a serious long-term opportunity.
Financial Advisor Job Description
Being a financial advisor involves helping people manage their finances, plan for the future, and protect their families through proper financial planning. The role focuses heavily on communication, relationship building, and understanding clients’ financial goals.
Interestingly, many of the soft skills used daily by Grab drivers are highly transferable to financial advisory. Grab drivers interact with people from different backgrounds every day, build conversations quickly, manage schedules independently, and learn how to communicate with professionalism and patience — all valuable skills in client-facing advisory work.
This role includes:
-
Constructing personal financial plans for clients
Helping clients achieve their financial goals through proper planning and long-term strategies. -
Building professional relationships with clients
Trust, empathy, communication, and people skills are essential. Many Grab drivers already develop these naturally through daily passenger interactions. -
Planning for retirement needs
Assisting clients in understanding their financial situation and preparing for retirement with realistic financial goals. -
Client acquisition and onboarding
Financial advisors constantly meet new people and grow their network. Grab drivers are already exposed to conversations and networking opportunities every day on the road. -
Providing ongoing client servicing
Maintaining long-term relationships with clients through regular reviews and continuous support. -
Analysing cashflow management
Reviewing income, expenses, savings, and financial habits to help clients better manage their finances. -
Assisting with investments
Helping clients understand basic investment options and setting up suitable investment profiles. -
Advising on insurance protection
Working with clients on life, health, and general insurance needs to ensure proper financial protection for themselves and their families.
For Grab drivers looking to build an additional income stream or transition into a long-term professional career, financial advisory offers flexibility, relationship-based work, and the opportunity to build recurring income over time.
How much can you Earn as a Financial Advisor
In Singapore, the salary of a financial advisor can vary significantly based on factors like experience, performance, and other influences. On average, a financial advisor earns about SGD 57,228 annually, though some estimates suggest a slightly higher figure of around SGD 58,000.
This translates to a monthly salary of approximately SGD 3,606, with some reports indicating an average closer to SGD 4,410. Overall, the salary range spans from SGD 31,340 to SGD 89,460, depending on experience and sales performance.
Experience is a key factor in determining salary. Advisors with 0 to 2 years of experience typically earn around SGD 37,740 annually. Those with 2 to 5 years can expect about SGD 45,600, while advisors with 5 to 10 years of experience earn around SGD 63,500.
Salaries continue to increase with experience, reaching approximately SGD 74,060 for those with 10 to 15 years, and SGD 82,480 for agents with 15 to 20 years. Advisors with over 20 years of experience can earn up to SGD 84,880 annually.
In addition to package for new financial advisors often earn commissions based on sales performance. Entry-level agents typically earn between SGD 3,000 and SGD 5,000 per month, including package and commissions.
More experienced advisors can earn between SGD 5,000 and SGD 10,000 monthly including recurring income, while top performers may exceed SGD 15,000.
