Singapore Expats

Can a SG citizen be a part time financial planner?

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.
Post Reply
SGfinadvisor
Newbie
Newbie
Posts: 1
Joined: Mon, 19 Dec 2022 10:52 pm

Can a SG citizen be a part time financial planner?

Post by SGfinadvisor » Mon, 19 Dec 2022 11:06 pm

Dear Friends,

I am a SG citizen currently working as a technology consultant. I am looking to venture into a financial planner (only in investment products not insurance) in a part time capacity or freelancing? No conflict of interest in my current organization as it’s completely different line of work.

I need your guidance and licensing process like clearing CMFAS examination on how to become a freelance or part-time financial planner to start with and eventually switch to full-time?

Your guidance will be very much appreciated!

YYCole
Regular
Regular
Posts: 51
Joined: Sat, 20 Aug 2022 4:50 pm

Re: Can a SG citizen be a part time financial planner?

Post by YYCole » Wed, 21 Dec 2022 9:15 pm

I think u need to be working for a FA before you can become a representative of the FA

https://www.mas.gov.sg/~/media/MAS/Regu ... 202017.pdf

Lisafuller
Governor
Governor
Posts: 6244
Joined: Sat, 07 Nov 2020 11:45 pm
Answers: 3

Re: Can a SG citizen be a part time financial planner?

Post by Lisafuller » Thu, 22 Dec 2022 1:49 am

Why wouldn't a SGC be able to be a PFA?

Poh475
Newbie
Newbie
Posts: 6
Joined: Mon, 02 Jan 2023 12:53 am

Re: Can a SG citizen be a part time financial planner?

Post by Poh475 » Tue, 03 Jan 2023 3:14 pm

Yes you can be a part time Financial planner.
Since you are looking at focusing on investment, you would need to clear 6 SCI papers, M5,M9,M9A,HI ( To get registered with MAS ) and M8, M8A to advise on Unit Trusts. You can also take M6 and M6a to be able to advice on stocks and bonds.

Look for a company and agency that specialises in investment and not roadshows pushing savings plans.

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 40446
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 21
Location: Retired on the Little Red Dot

Re: Can a SG citizen be a part time financial planner?

Post by sundaymorningstaple » Tue, 03 Jan 2023 4:52 pm

Poh475,

So far, you are good to go. However, please be mindful of the red notice above where you type your messages. Advertising, solicitation, or asking people to contact you for further information is totally verboten on this board. You are welcome to give advice as long as you don't offer services. Just letting you know as I believe you have good information to give as long as it general insurance questions and such. You have not crossed any lines thus far, but your posts are geared to one topic only and that usually has a pong to it. I hate it when somebody crosses the line and I have to clean up behind them. At any rate, welcome to the board and I hope you become a regular contributor.

moderator
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers & Jobs in Singapore”

Who is online

Users browsing this forum: No registered users and 4 guests