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The RM is leaving the bank ....

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nikah
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The RM is leaving the bank ....

Postby nikah » Sun, 06 Aug 2017 12:22 pm

Hi,

I am currently investing 1.2 million SGD through a local bank. A few days earlier, my RM called me and she is leaving the bank to join a new investment company that her ex-boss had set up a couple of years ago. So far, I have been quite satisfied her advice and performance of products that I had bought. Actually I was planning to keep investing through her for the long term regardless the short term market condition.

The minimum to open an account in her new company is 2 million SGD so I can't. As soon as she leaves, another person will take and manage my account but I am not so comfortable to keep leaving my money to a new one.

Is there anybody who has a similar experience and may I have opinions what should I do when I have a new RM or any advice on IFA here?

PNGMK
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Re: The RM is leaving the bank ....

Postby PNGMK » Sun, 06 Aug 2017 6:44 pm

nikah wrote:Hi,

I am currently investing 1.2 million SGD through a local bank. A few days earlier, my RM called me and she is leaving the bank to join a new investment company that her ex-boss had set up a couple of years ago. So far, I have been quite satisfied her advice and performance of products that I had bought. Actually I was planning to keep investing through her for the long term regardless the short term market condition.

The minimum to open an account in her new company is 2 million SGD so I can't. As soon as she leaves, another person will take and manage my account but I am not so comfortable to keep leaving my money to a new one.

Is there anybody who has a similar experience and may I have opinions what should I do when I have a new RM or any advice on IFA here?


If you like your existing RM and you want to go with her I'm sure she can get a waiver on the $2MM limit.
I have gay, black, Asian friends and then JR8.

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ecureilx
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Re: The RM is leaving the bank ....

Postby ecureilx » Mon, 07 Aug 2017 12:23 am

PNGMK wrote:If you like your existing RM and you want to go with her I'm sure she can get a waiver on the $2MM limit.


or if she really valued him as a client, not just as a cash cow ... :) vice versa.

I know few RMs who ditched non productive customers when they jump ship. Even with million + in their care. .. Though they been saying otherwise. ..


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