Top 10 Financial Advisors in Singapore [2022] (2023)

2020 was a difficult year in every way. Volatile financial markets are putting pressure on the economic landscape, resulting in dramatic budget cuts and large store closings. The events are a powerful reminder to people to manage their finances smarter, but not everyone has the knowledge to tackle this big task on their own.

First, let's explain exactly what a financial advisor does – and why they are absolutely essential to your financial planning.

With a financial advisor, you can develop long-term plans to eliminate financial risk and build wealth. They give you a roadmap to the game that puts you on track to reach your financial goals.

A company must have a Financial Advisor (FA) license to provide financial advisory services that come under the financial advisors. All financial planners come from different backgrounds and offer a wide range of services from life protection, critical illness protection to employee benefits.

Read on for our pick of the best financial advisors who excel in high-quality, reliable and independent financial advice.

1.JS tip

Founded in 1997,JS tipconsists of a group of people with different backgrounds and entrepreneurial mindsets. Combined with their rich personal experiences, these characteristics have resulted in a team of experienced advisors with an unparalleled understanding of clients' changing financial circumstances. Thus, they are able to provide highly relevant information and recommend suitable services or products to help clients achieve their financial goals.

JS Advisory believes in forging relationships with its clients based on trust and cooperation. Therefore, they prioritize the needs of customers and act in their best interest to create a win-win situation in all transactions. Obviously, their efforts have not gone unnoticed: the company has built a loyal clientele over the years that easily attest to their impeccable reputation.

Better times

• Over two decades of expertise
• Experienced financial advisors with diverse backgrounds
• Long-term relationships based on trust and cooperation

2.Global financial advisors

Global Financial Consultants was first established in Australia by Bruce Barron and Ian McMahon, but has since relocated to Singapore in 2003. The team draws on over two decades of expertise and offers a complementary strategy that includes international asset management and advisory products . Each strategy aims to be the ultimate financial solution for individual clients as it is tailored to their personal needs and preferences.

Global Financial Consultants works closely with its clients, creating a comprehensive financial security plan, which they regularly review and update. They strive to build trust with clients - both for their extensive range of services and for their steady increase in net worth.

Better times

• Over two decades of expertise
• Customized financial strategies
• Combination of international asset management and advisory products

3.IPPFinancialAdvisors Pte Ltd

IPPFinancialAdvisers Pte Ltd was established in 1983 and is one of the only independent licensed financial advisers in Singapore. As such, they have a competitive advantage in terms of access to a full library of regulated financial products and platforms.

The group has several divisions for targeted services. The Expat Advisory Group is particularly focused on helping international clients and expatriates capitalize on investment opportunities in Singapore. However, both local and foreign investors can benefit from its multi-currency services, which include proactive wealth management solutions and mortgages for cross-border asset allocation. It is also extremely useful for dealing with taxes on a global scale.

Better times

• Trusted and widely recognized financial group
• Multi-currency services
• Efficient tax solutions

4.synergy

True to its name, Synergy highlights a streamlined asset management process aimed at maximizing the value of clients' investments. The services offered management products from a collection of major life insurance companies, as well as investment funds from an approved list of professional fund managers.

The company operates with a combination of passionate consultants, technology adoption and up-to-date knowledge. They prevent stagnation in their talent pool by organizing frequent training sessions to continuously develop their skills. The success of this principle was duly recognized by a Singapore Quality Category Star in Innovation and People in February 2020.

Better times

• Improved asset management process
• Management of approved insurance products and investment funds
• Bekroond Meets Singapore's Quality Class Star in Innovation and People February 2020

5.Providence

With a strong emphasis on ethical business conduct, Providend is Singapore's first fee-only asset manager. Fueled by a desire to remove the stigma surrounding dirty practices in the financial advice industry, Providend promises quality service for a fixed fee. Commission earned through product pledges is then deducted for customers.

Customers start by identifying themselves with one of the four categories that Providend targets: savers, retirees and pre-retirees, property owners and expats in Singapore. Appropriate plans will then be developed to meet the specific needs of each demographic.

Better times

• Cost-only management platform
• Commission discount for customers
• Strong emphasis on ethical business conduct

6.Singapore Financial Planners Pte Ltd

Singapore Financial Planners mainly deals with personal financial strategies. The company welcomes wealthy investors and amateurs. They create a friendly and welcoming atmosphere for complete beginners to begin their journey to financial freedom.

Certified financial advisors at the firm investigate hundreds of case studies to better understand clients' needs and goals. They attend regular training courses to develop advanced analytical skills, which are vital for spotting gaps in financial portfolios.

Better times

• Total beginner friendly
• Ever-growing collection of case studies for valuable insights
• Regular employee training for modern practices

7.Karen Tang Certified Financial Planner

Karen Tang Certified Financial Planner Founder Karen Tang is a graduate of the University of Calgary in Alberta, Canada. Tang worked as a business analyst and change management consultant in an international bank for nine years and was fully prepared before making the leap into Singapore's asset management industry in 2005.

As a Certified Financial Planner and Associate Estate Planning Practitioner (AEPP), Tang uses her expertise and experience to help clients navigate financial growth and preservation. She takes a holistic approach to financial planning and is praised for her kind, patient personality and attention to detail.

Better times

• Decades of training and expertise in relevant fields
• Certified Financial Planner
• Associate Estate Planning Practitioner (AEPP)

8.SingCapital Pte Ltd

SingCapital Pte Ltd is licensed by the Monetary Authority of Singapore (MAS) under the Financial Advisers Act. He is also an exempt direct insurance broker for GeneralInsurance. The company guarantees high-quality financial services to help clients achieve their goals through well-defined goals and financial methods.

The company is offering a free personal financial health check worth S$250 when customers fill out an expression of interest form on its website. People who want to start with asset management can take the opportunity to assess their financial strength.

Better times

• Licensed by the Monetary Authority of Singapore (MAS) under the Financial Advisers Act
• An exempt direct insurance broker for GeneralInsurance
• Free personal financial check after completing the online expression of interest form

9.Consultants click

Advisors' Clique is a representative of Great Eastern Financial Advisers Private Limited (GEFA). It started 15 years ago and has since grown into a dynamic team of valuable financial advisors. The group now has 350 employees and 15 managers, all united by a common vision to "leave a legacy by paying it forward".

As such, Advisors' Clique looks to the future while aligning client goals and expectations across all of their services. Through their association with Great Eastern, they know a list of well-known partners in both the financial and insurance worlds.

Better times

• A team of 350 employees and 15 managers
• Empirical projection of the financial future for clients
• Representative of Great Eastern Financial Advisers Private Limited (GEFA)

10.PolicyPal

When her mother's insurance claim was denied for her cancer treatment, Val learned that most people don't fully understand their insurance policies. The stressful ordeal – dealing with demanding financial complications on top of difficult emotions – led Val to create a digital asset management platform. PolicyPal was therefore born from the intention to spread financial knowledge to the general public.

PolicyPal is the first graduate of Singapore regulator MAS Fintech Sandbox. It is a licensed insurance broker with more than 30 insurance partners, enabling efficient comparisons and informed decision-making.

Better times

• Friendly to the general public
• The first company to graduate from Singapore regulator MAS Fintech Sandbox
• Recognized insurance broker with more than 30 insurance partners

While financial planning is an undeniably important aspect of adult life, individuals have very different needs. There is also specific coverage arising from circumstances such as e.gpregnancy insuranceIninsurancefor vehicle owners. However, it always helps to get professional advice and adequate training before making a long-term decision.