FA Industry in SG
Those who have worked as a FA/engaged with one, what was your experience like?
I was a FA once, and I have to say it’s a pretty bullshit job lol.
I’ve witnessed ex-colleagues telling themselves that they’re working as FAs to help the public with their financial decisions, but honestly it’s just a bunch of lies to make themselves feel better.
From directors to agents, the top motivates the bottom to hard sell products to anyone and everyone in their life. Friends and family not spared. They mention things like, if your friends refuse to buy from you, theyre not your real friends because they dont support you.
I’ve quit the position after witnessing how selfish people in the industry are. Needless to say, I won’t engage a FA myself.
People n friends here please share your stories in the comments!
Netizens’ comments
- Wtf is a financial advisor. It’s just insurance agent.
- I always get arrowed by FA, especially the girl one. Maybe it’s because I have a simp face.
One time I damn retarded, actually went to meet up with this FA to listen to her share more about investment plans. Talk talk talk then she went in for the kill, ask me to sign on her iPad. I said need to think leh. She cornered me until I can’t say no.
Then I really put my foot down, she turned soft, put on a sad face, like almost want to cry, begged me to sign, say she came all the way from Pasir Ris to Jurong East, cannot go back empty handed. Then I turned my head away from her cos I was paiseh like wtf.
She immediately changed face and tone, and said during training, they taught her my body language means no deal.
Then after the longest 1 min of silence, she just got up and left. Damn cold expression on her face. She was so good that I felt I let her down cos I never signed up.
That was the last time I stay nice to FA. Nowadays I just pretend they don’t exist. - FA, Property Agents, parasites. They’re all synonymous
- I decided against being one in the first place, lo and behold, now for every other person in my batch, one is an FA or in a similar role. I can’t bring myself to sell products i knowingly know are BS, since I am pretty educated in this area (finance was my major + I read fine print), so when FAs try to smoke me, I just call out their shit (like question them why it would even be good if […] + some quick math).
I wish more people will take their time to educate themselves on the options out there and on basic financial instruments (part of the reason why i took my major ; kill 2 birds with one stone). The basics really really don’t take that long and the benefits can go a long way.
Also, in dealing with FAs, it’s important to hold your ground, as with most other interactions. They can’t force you to sign anything and if you have any questions, make it a point to get a satisfactory reply before proceeding. Also, take your time to review the terms before signing, until then, ball’s in your park. If they can’t respect your basic rights before you sign, you can’t trust them to have your best interests at heart after becoming your FA. Relatively speaking it’s easier for me, cause I like and can cut through all the bs.