Become a Financial Advisor in Singapore as a
Student / New Graduates
Would you like to start your career in a supportive and enriching learning environment? We offer plenty of insurance job opportunities for students, like internships and working student positions.
Mid-Career Switcher
Making a mid-career change can be tough, but with our help, you can make your journey as a financial advisor a success. Learn about the industry and what it takes to make the switch in your mid-career.
Experienced Financial Advisor
If you feel like you’re being left behind, there are plenty of incentives for switching agencies – learn about new opportunities for your career progression and find another agency that better suits your needs.
Career Opportunities as a Financial Advisor in Singapore
The insurance sector is a great place for anyone looking for new job opportunities into the financial sector, whether you’re a recent graduate, a seasoned professional, or someone who’s looking to switch careers. There are plenty of chances for growth and development in this field with a good remuneration package, so it’s definitely worth considering if you’re looking for a change.
If you’re looking for a financial advisor job, you want an agency that offers comprehensive training programmes and development, in an environment where you can grow at your own pace and succeed, giving you the opportunity to pursue your income objectives and fulfil your lifelong dreams.
Whether you’re simply looking for an agency that sponsors and trains their advisors for their insurance examinations or an agency that offers the most attractive establishment allowance package, which can span a period of up to 36 months and full commissions, and incentive programmes that rewards you for your efforts, whether you’re new to the industry or a seasoned financial advisor.
Or if you want to be in a financial agency that offers good lead generation programmes for both new and experienced agents (let’s face it, we don’t have that many friends and family waiting in line to buy a policy from you) – making it easier for you to have a lasting career.
The right working environment will ensure your constant relevancy in the ever-evolving fast-paced financial industry. The various insightful training programmes are meticulously designed by working closely with all our business partners, insurer, and wealth providers to ensure you get the training you need to succeed.
You can control your own career path in the financial sector by taking charge and making choices for your own progression. If you want to be a financial advisor who serves clients by helping them plan their financial lives or develop your own team of financial consultants, you can do that by taking charge and making it happen.
We want to help you on your first steps into your career as a financial advisor. Contact us today to set up a non-obligatory chat so we can discuss your options with you, whether that be in person, via zoom, or over WhatsApp.
One great thing about being a financial advisor is that it’s pretty flexible. You can actually explore the insurance sector on a part-time basis, which is awesome for students who are thinking of getting into the industry before graduating. There are several reasons why someone may choose to be a financial advisor in Singapore, here are some of the reasons:
- Booming Financial Services Industry: Singapore has a thriving financial services industry, which includes banking, insurance, and asset management. This presents ample opportunities for financial advisors to grow their careers, gain exposure to diverse financial products and services, and earn competitive salaries.
- High Net Worth Clients: Singapore is home to a large number of high net worth individuals (HNWIs) and ultra-high net worth individuals (UHNWIs). These clients have complex financial needs and require expert advice on managing their wealth. As a financial advisor, you can build a lucrative client base by catering to these clients.
- Growing Demand for Financial Planning: With an aging population and increasing wealth, there is a growing demand for financial planning services in Singapore. As a financial advisor, you can help clients plan for their retirement, invest in the stock market, manage their debt, and achieve their financial goals.
- Access to Advanced Technology: Singapore is a hub for financial technology (fintech) innovation, and financial advisors in Singapore have access to advanced tools and software to help them provide better advice to their clients. These tools can help with tasks such as financial planning, risk analysis, and portfolio management.
- Regulatory Framework: Singapore has a strong regulatory framework for the financial services industry, which helps protect clients and maintain the integrity of the industry. As a financial advisor, you can benefit from working in a well-regulated environment that promotes ethical behavior and professional standards.
Overall, being a financial advisor in Singapore can offer a challenging and rewarding career with opportunities for growth, a high-income potential, and access to advanced technology and tools to better serve clients.
Financial Advisor Job Description
Being a financial advisor means to perform roles that focus on financial planning management, which involve communicating with potential clients, acquisition of clients and client acceptance, cash management provision, investments, insurance and retirement advice and sustaining relationships with clients with their financial planning needs. This job includes:
- Constructing personal financial plans for clients to make sure they achieve their financial goals within the planning horizon.
- Developing professional relationships with potential and existing clients built on trust, empathy, credibility and ethical conduct.
- Planning for client’s retirement needs by helping them establish their retirement goals and to analyse their financial situation.
- Recognising the sources of client acquisition and carrying out client acceptance checks and on-boardings of potential clients.
- Reviewing financial plans on a regular basis and engaging the clients to carry out continuous servicing of client accounts.
- Collecting information on clients about their income, expenses, taxes and savings to help analyse their cashflow management.
- Working with clients with basic investment needs to set up their investment profiles.
- Working with clients on their life, health and personal general insurance needs to form their risk profiles.
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.
Minimum Examination
Financial Advisor Examination Requirements
- Module 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
Career progression (Management Track)
- Agency Development Manager
- Financial Services Manager
- Senior Financial Services Manager
- Associate Director
- Financial Services Director
- Senior Financial Services Director
- Executive Financial Services Director
Career progression (Advisory level)
- Financial Planner
- Senior Financial Planner
- Executive Financial Planner
- Senior Executive Financial Planner
- Associate Manager
