Some more info:
Singapore is an interesting work place for the Independent Financial Advisor or Wealth Manager.
The Monetary Authority of Singapore (MAS) grants licenses to firms and individuals. In order for an individual to achieve Financial Representative status he or she must obtain, or be exempt from the following examinations:
M5 : Regulation
M8 : Investments and Capital Markets (you gain exemption if you have a business or finance related degree)
M9 : Insurance (You gain exemption if you have relevent experience in being an IFA)
Singapore has achieved a good balance of regulation which does not inhibit the advisor as much as in the UK or Australia, but protects the client more so than in some other expat centres.
Working for us in Singapore allows the British advisor to maintain or have managed for them, their clients in the UK - we feel this is a unique USP.
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