Join finexis advisory: What a Financial Consultant Career Looks Like in Singapore

Considering a career change? Are you driven by the desire for autonomy, control over your schedule, and the potential for significant income, all while making a direct and meaningful impact on people's lives?

If so, the path of a financial consultant in Singapore might be exactly what you're looking for. Many aspire to the "solopreneur" lifestyle, and within the dynamic financial advisory landscape in Singapore, this career offers just that opportunity.

The Appeal of a Financial Consultant Career in Singapore: Being Your Own Boss

The traditional corporate ladder doesn't appeal to everyone. For individuals with an entrepreneurial spirit, strong self-discipline, and a desire for direct reward based on their efforts, the financial advisory career in Singapore presents a compelling path. Imagine a role where:

1. You are your own boss: No reporting to someone breathing down your neck. You manage your time, set your priorities, and build your business on your terms.
2. Work-life balance is in your hands: While success requires dedication, you have the flexibility to design your work schedule around personal commitments, leading to better work life control and balance.
3. Your income potential is uncapped: Unlike fixed salaries, a financial consultant in Singapore has the opportunity to earn based directly on the value they provide to clients and the business they generate. Add to finexis' Gross Revenue Model (more on this later), building your business right can effectively double your income and half your workload.
4. You build lasting relationships: Your clients become your community and advocates. You work closely with them over the long term, helping them navigate significant life events and achieve their financial goals.

This blend of autonomy, flexibility, and direct reward is a powerful draw for those seeking a career where they can truly thrive as a solopreneur. However, achieving this level of independence and success requires the right platform and support. This brings us to understanding the playing field.

Singapore's Financial Advisory Landscape: Do You Prefer Tied or Independent?

The financial advisory landscape in Singapore is home to various types of firms, each operating under a different model. Understanding these differences is vital when choosing where to start and build your financial consultant career. Broadly, they can be categorized as follows:

1. Tied Agencies: These firms represent a single insurance provider. Their consultants primarily distribute products from that one company. Examples include Great Eastern, Prudential, and Income. While they offer established brand recognition and structured training, their product offerings are limited to their parent company's suite.
2. Insurance-Linked Financial Advisers: These firms have partnerships with some insurance companies, allowing them to offer more, but still limited, insurance products than tied agencies. Manulife FA, Singlife FA and AIA FA fall into this category. While providing more options for insurance, their focus may still lean heavily towards protection solutions, and their investment offerings might be less extensive or integrated.
3. Independently-Owned Financial Advisory (IFA) Firms: These firms are not tied to any single product provider - be it an insurer, fund house, or bank. IFA firms like finexis advisory, Financial Alliance, IPP, and PIAS distinguish themselves by partnering with a wide array of product providers across insurance, investments, loans, and more. This independence allow their financial consultants to place the client's interests first.

Awarded the Best Homegrown Financial Advisory firm in Singapore, finexis advisory operates firmly within the IFA model. This independence is not just a business platform, it's a foundational principle that shapes the opportunities and support we build to empower our Financial Consultants' business.

Life as a Financial Consultant at finexis advisory

finexis' platform offers us immense scope and flexibility. While many Financial Consultants in Singapore are general practitioners, finexis' empowers us to tailor our advisory practice to our strengths and interests.

At its core, the FC role involves delivering holistic financial planning and wealth management advice to clients. This encompasses understanding their financial goals, analysing their current situation, identifying gaps, and recommending appropriate solutions.

finexis provides access to a vast network of partners, allowing us to build truly comprehensive and customized solutions for our clients. This network includes:

• 4 investment platforms giving access to over 75 fund houses' Unit Trusts solutions and ETFs
• Over 18 Life Insurance partners
• Over 30 General Insurance partners
• Over 15 Financial Institutions for loans
• 4 Wills & Trust companies

This extensive access means we're equipped to address almost any financial need a client might have, from protection and retirement planning to intricate investment strategies and legacy planning.

Furthermore, while most FCs excel in holistic financial planning, Orion Wealth Partners goes one step deeper with specialization. For instance, those with a deep passion for markets and portfolio construction can choose to focus heavily on investments.

You can build your practice to function primarily as an investment consultant for your clients, dedicating your expertise to helping them grow and manage their wealth through sophisticated investment planning. This ability to focus on your strengths within a supportive, independent framework is our significant advantage.

Why finexis advisory Stands Out: Unique Advantages for Your Career

Choosing the right firm is paramount to success as a financial consultant. finexis advisory is not just a platform; it's a partner dedicated to empowering consultants. Beyond the benefits of being an IFA, several distinct advantages make finexis advisory an exceptional springboard for your financial advisory career:

1. Gross Revenue (GR) Model: Our compensation structure operates on a Gross Revenue Model. The GR model benefits driven and productive FCs by offering a bigger cut of the gross revenue, leading to higher overall earnings potential compared to other firms. This structure provides greater transparency and reward for high performance.
2. Client Ownership: We firmly believe that the client relationship belongs to the consultant who cultivates it. Our relationship with clients are our greatest assets. Should you ever choose to leave finexis (though we hope you won't!), you can transition with your clients, ensuring that both policy servicing and future commissions continue with you. This provides long-term security and value as you build your business.
3. finexis Asset Management (FAM): Our Asset Management arm, finexis Asset Management, is a powerful resource. FAM conducts rigorous investment research, contributes to our discretionary portfolios, and provide valuable insights that informs our FCs. They also create unique investment solutions, particularly beneficial when advising Accredited Investors. This elevates our investment capabilities and provides consultants with sophisticated tools and knowledge.

We at Orion Wealth Partners embody a culture that is distinctly client-centric and investment-focused. This means prioritizing clients' well-being and maintaining a strong emphasis on sound investment principles.

While you may operate as a solopreneur, you are not alone. Our consultants collaborate, share knowledge, and mentor and support each other, creating a professional yet collegial environment where everyone is invested in collective success.

These advantages, combined with industry-leading compliance support, digital platforms, and ongoing training, create an environment where ambitious individuals can truly thrive and build a sustainable, successful financial advisory business.

Take Your Next Step to A Better, Bolder Future

If you are ready to take control of your professional future and build a rewarding practice as a financial consultant in Singapore or specialize as an investment consultant, we want to hear from you!

Ready to take your next step? Have a Chat with Us.