Mr. Tan,
I wonder if you have any plan to set up a company where people can buy products at steep discount on producing a 'financial prescription". This prescription will bear the name of company or the adviser to authenticate its origin and to verify also the bearer has undergone a financial health check and the products recommended are the result of it.
In this way the unethical insurance salesmen can be weeded out. This will create a safe environment for customers. Like the medical professions customers can go to seek advice or consultation without worrying of getting a salesman but practitioner with the right qualification and ethics. The practitioner or the adviser is regulated and license to operate will be renewable on the yearly basis.
REPLY
I am considering to work with a financial advisory firm to offer a few low cost investment funds to the public. There will be separate funds invested in equities, bonds and money market. The expense ratio should be kept within 0.7% per annum for equities and lower for the other funds.
The investor can read my FAQ and decide on their own financial plan. They can also attend an educational seminar. If they wish to see a financial adviser, they can pay a modest fee of (say) $100 per hour.
Do you like this idea?
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