How you manage your finances has a huge impact on your life. Aside from keeping track of your spending, it’s also practical to start planning your retirement or start investing to reach your financial goals. But where do you even start?
This is when you need the expertise of an independent financial advisor (FA). A financial advisor provides different services, such as investment management, retirement planning, estate planning, and tax planning. They use their expertise to help clients’ decisions around money matters, personal finances, and investments.
How Many Financial Advisors Are There in Singapore?
There are about 20,000 financial advisors in Singapore. Some specialize in selling investment-linked insurance policies and unit trusts under the CPF Investment Scheme. However, there are a total of 63 financial institutions in Singapore.
How Do I Verify an Independent Financial Advisor?
Financial advisors may work as independent agents or they can also work with a larger financial firm. Independent financial advisors (IFAs) are not tied to any larger financial institutions. This means they are not limited to recommending certain kinds of financial products or services.
Individuals authorized to provide financial advice will be issued a unique representative number by the Monetary Authority of Singapore. That said, before dealing with any IFA, ask for their unique representative number and very through the following channels:
- Financial Institutions Directory: To see if the FA firm is authorized by MAS to provide financial advisory services
- Register of Representatives: To verify the unique representative number given by the FA
Top 10 Independent Financial Adviser Firms in Singapore
Not all financial advisory firms are made equal. Independent financial advisors can provide you with a wide, comprehensive range of financial products as well as unbiased financial advice.
Take a look at this comparison table to find the independent financial adviser for you:
| Financial Advisory Firm | Best For | Specialization | Price Range |
| Providend | Wealth Management | Wealth and Investment Management | One-time planning fee: S$5,000 |
| Financial Alliance | Well-Rounded Solutions | 5 Pillars of Wealth – Wealth Protection, Maintenance, Accumulation, Enhancement, and Distribution | Depends on the type of service |
| Synergy Financial Advisers | Holistic Financial Planning Solutions | Personal, Corporate, and High Net-Worth Solutions | Depends on the type of service |
| Global Financial Consultants (GFC) | Inclusive Insurance Plans | Detailed Pension Plans For Seniors | Depends on the type of service |
| Finexis | Holistic Wealth Management Solutions | Life Management; Insurance Products | Depends on the type of service |
| Cornerstone Planners | Wealth Management | Financial Asset Protection | Depends on the type of service |
| Expat Advisory Group | Financial Services for Expats | Expat Financial Planning | Depends on the type of service |
| HP Wealth Management | Investment Management | Investment Advisory | Depends on the type of service |
| SingCapital Pte Ltd | Inclusive Financial Planning | Wealth and Investment Management | Depends on the type of service |
| Ray Alliance Financial Advisers | Comprehensive Financial Planning Solutions | Insurance and Investment Solutions | Depends on the type of service |
1. Providend – Best for Wealth Management
Providend is the first fee-only wealth advisory firm in Southeast Asia. They provide clients with a wide array of wealth management services with their honest, independent, and competent advice. They specialize in retirement planning and also offer investment management, risk-mitigation planning, and estate planning.
Highlights
- First fee-only financial advisory firm
- Paid only by clients and all products commissions are rebated back to them
- Focuses on four main wealth solutions – wealth, investment, risk-mitigation, and estate planning
Price Range
- One-time planning fee: S$5,000
- On-going advisory services: 0.5% to 1% p.a. of the investments
Contact Information
- Website:
- Phone:
-
- +65 6309 2488
- Address:
- No.38 Duxton Hill, Singapore 089616
- Operating Hours:
- Weekdays: 9:00 am to 6:00 pm
Reviews
“Having been with Providend for almost a decade, we love how this fee-based approach has worked for me and my family. Strategic and objective, yet empathetic to our needs, risk appetite, and perspectives. I would recommend Providend to anyone looking for an unbiased approach to start growing your wealth as well as to get necessary protection and insurance in place.”
“My discovery meeting with Eleanor Ng was a useful session. She enabled me to clarify some of my investment struggles by asking thought-provoking questions. She was professional in handling our conversation, respectful of my needs, and provided some options without being prescriptive. I appreciated her patience and active listening to help me see different perspectives in the course of our conversation. Despite her success and dealing with high net worth clients, Eleanor came across as down to earth, humble and helpful.”
2. Financial Alliance – Best For Well-Rounded Solutions
Singapore’s largest independent financial advisory firm, Financial Alliance continues to provide impartial advice and offer the best-suited financial plans for their clients. They have in-house expert financial advisors who can effectively analyze and identify the gap between their client’s financial situation and their financial goals.
Highlights
- Guided by their philosophy – the 5 Pillars of Wealth which is in sync with MAS’s Fair Dealing Guidelines
- Offers both individual and corporate financial advisory services
- Provides best-of-breed financial products and services
Price Range
- Reach out to Financial Alliance for a price quote
Contact Information
- Website:
- Phone:
- +65 6222 1889
- Address:
-
- 150 Beach Road #12-01/08, Gateway West Singapore 189720
- Operating Hours:
-
- Weekdays: 9:00 am to 6:00 pm
Reviews
“Eileen Low is very dedicated and carries out her services ethically. Throughout the last 17 years, she has watched the markets closely, given us timely guidance, and aided us in coming up with a secure plan for my family. We are very confident in her. Highly recommended!!”
“Passion, knowledge, and a genuine interest in achieving the best for clients is what makes a truly professional Financial Adviser. Olivia Li Wenjun had this and more. Her dedication to clients, business excellence, and education set her apart and I would highly recommend her to anyone wanting to achieve better financial outcomes.”
3. Synergy Financial Advisers – Best for Holistic Financial Planning Solutions
Synergy Financial Adviser is one of the more prominent independent financial advisory firms in Singapore. They offer streamlined financial planning solutions for their clients – both individuals and businesses. Some of their services include general insurance management, investment solutions, and health and disability insurance.
Highlights
- Partners with accredited investors so you will not face any legal risk
- Offers personal, corporate, and high net-worth financial solutions
- Customize financial solutions to suit your unique needs
Price Range
- Reach out to Synergy for a price quote
Contact Information
- Website:
- Phone:
- +65 6654 1888
- Address:
- 229 Mountbatten Road, #03-30 Mountbatten Square, Singapore 398007
- Operating Hours:
-
- Weekdays: 9:00 am to 6:00 pm
Reviews
“Yasmin serves her clients with heart. For almost 2 decades, she has dished out the right advice that would suit my needs the best. She listens, she cares, and she stops at nothing to ensure my comfort and peace of mind is her top priority. That’s exactly what you’d want in a financial adviser. Here’s to the next few decades!”
“Rayers is a very responsible and knowledgeable advisor. He helps me not just with my portfolio, but many other aspects that will affect my finance, career, and even family. I am very grateful to him. He is also one of the best I ever met when it comes to investments.”
4. Global Financial Consultants – Best for Inclusive Insurance Plans
With over 20 years of experience as a financial advisory firm, Global Financial Consultants (GFC) provides a unique combination of international wealth management with advisory products and services. With a team of independent financial advisors, they are not tied to any particular provider or financial institution. As such, they have the flexibility to access a wide range of MAS-approved plans.
Highlights
- Provides inclusive insurance plans that will help protect your hard-earned income from potential risks
- Offers detailed pension plans for seniors
- Customized insurance and investment plans
Price Range
- Reach out to GFC for a price quote
Contact Information
- Website:
- Phone:
- +65 6532 2711
- Address:
- 14 Robinson Road, #10-01 Far East Finance Building, 048545
- Operating Hours:
-
- Weekdays: 9:00 am to 5:00 pm
Reviews
“Ian is top of his game in terms of industry knowledge, having been in this field for years. He demonstrates a genuine passion for his craft and dedication to his clients, regardless of investment size. Our portfolio has paid off within a short span of time and we’ll definitely be investing more with him in the near future to further boost our retirement funds”
“I have been using GFC since 2018 and have been very impressed by the quality of the advisor, Mike Davidson. I especially like the commentary and market outlook that is provided along with the monthly statement.”
5. Finexis – Best for Holistic Wealth Management Solutions
Established in 2005, Finexis has grown to become the leading homegrown financial advisory firm in Singapore. They are an independent financial advisory firm that is not backed by any particular insurance provider, private equity, or listed company. A client-focused, people-centric firm, they offer a diverse range of insurance products and unit trusts for a holistic wealth management solution.
Highlights
- Insurance products from at least 17 renowned local and international insurers
- Choice of at least 40 Fund Houses with more than 500 unique funds to diversify your investment portfolio
- No product-tied commissions for unbiased independent financial advisory
Price Range
- Reach out to Finexis for a price quote
Contact Information
- Website:
- Phone:
- +65 6341 5300
- Address:
- 20 Collyer Quay, #01-02 Singapore 049319
- Operating Hours:
- Weekdays: 9:00 am to 6:00 pm
6. Cornerstone Planners – Best for Wealth Management
Incorporated in 1996, Cornerstone Planners is an independent advisory firm and among the pioneers of the life insurance brokerage industry. They have a team of expert financial planners with an average of 10 years of experience, dedicated to providing financial solutions. Some of their services include wealth transfer, wealth accumulation, wealth protection, and international health management.
Highlights
- Offers the best protection for financial assets
- Wide range of products including healthcare, protection, investment platforms, and employee benefits
- Investment opportunities to over 500 funds that you can tap on
Price Range
- Reach out to Cornerstone Planners for a price quote
Contact Information
- Website:
- Phone:
- +65 6538 1855
- Address:
- International Plaza 10 Anson Road #28-02A, S079903
- Operating Hours:
-
- Weekdays: 8:30 am to 6:30 pm
7. Expat Advisory Group – Best for Financial Services for Expats
The Expat Advisory Group is a specialized division within IPP Financial Advisers Pte Ltd. This division aims to help foreigners and international private clients in maximizing the financial benefits of living and working in Singapore.
IPP Financial Advisers Pte Ltd is one of the largest Licensed Financial Advisers in Singapore and one of the most established independent financial advisors. They offer a wide range of services from investment management, insurance, wealth planning, and more.
Highlights
- Serves both local and international clients for years
- Offers a wide range of services, such as multi-currency wealth management, retirement planning, insurance, and more
- Offers financial planning solutions for individual and business clients
Price Range
- Reach out to Expat Advisory Group for a price quote
Contact Information
- Website:
- Phone:
- +65 6511 8805
- Address:
- 78 Shenton Way, Singapore 079120
- Operating Hours:
-
- Weekdays: 8:30 am to 6:30 pm
8. HP Wealth Management – Best for Investment Management
Established in 2009, HP Wealth Management focuses on helping clients weather the storms in the financial market as well as in planning for retirement. They also provide guidance in succession planning. Their team of financial experts provides you with independent and professional investment advice and tailor-made investment management services.
Highlights
- Tailor-made investment management services
- Family office services that manage financial and investment matters of ultra-high-worth individuals
- Investment advisory
Price Range
- Reach out to HP Wealth Management for a price quote
Contact Information
- Website:
- Phone:
- +65 6603 9790
- Address:
- 137 Telok Ayer St #08-05, Singapore 068602
9. SingCapital Pte Ltd – Best for Inclusive Financial Planning
SingCapital Pte Ltd is one of Singapore’s leading Financial Advisory Firms. They provide financial services and solutions for both individual and business clients. With a holistic approach, they promote financial literacy and offer comprehensive financial planning solutions.
A few of their financial products include life insurance, general insurance, and business insurance. What sets it apart is its offer of free personal financial health checks worth S$250. This is available when clients complete an interest indication form on their website.
Highlights
- Free personal financial health check upon completion of online interest indication form.
- An advocate for financial literacy
- Strong partnerships with major banks, insurance companies, and investment platforms, offering a wide range of financial solutions and services
Price Range
- Reach out to SingCapital for a price quote
Contact Information
- Website:
- Phone:
- +65 6801 4088
- Address:
- 60 Paya Lebar Rd, #09-01 Paya Lebar Square, Singapore 409051
- Operating Hours:
-
- Weekdays: 9:00 am to 6:30 pm
Reviews
“Actually, I was quite reluctant to meet him, thinking that he was one of those insurance agents. However, it was not what I initially thought it to be. In fact, I have gained valuable information after that.”
“If I were to meet Shawn earlier, I would have made a more prudent decision. I wouldn’t have to stretch my resources and would have even more flexibility in my investment portfolio.”
10. Ray Alliance Financial Advisers – Best for Comprehensive Financial Planning Solutions
Founded in 1999 by Raymond Ng, Ray Alliance is an independent financial advisory firm that aims to help clients achieve financial well-being. They offer a wide range of solutions, including life and health insurance, investment, and retirement.
Ray Alliance is made up of 40 expert financial advisors that provide unbiased, independent financial advice. This allows them to provide the most suitable and cost-effective solutions for your financial objectives.
Highlights
- Comprehensive range of insurance products from a wide range of insurers
- Diverse suite of investment instruments
- Strong partnerships with 34 globally and regionally recognized insurers and 217 fund managers
Price Range
- Reach out to JS Advisory for a price quote
Contact Information
- Website:
- Phone:
- +65 6323 5323
- Address:
- 1 Maritime Square #11-04 Harbourfront Centre Singapore 099253
- Operating Hours:
-
- Weekdays: 9:00 am to 6:00 pm
Closing
The pandemic has shown us how things can rapidly change, without warning. That said, it’s best to build your financial resilience and preparedness. Planning for the future, setting financial goals, and diversifying your portfolio can go a long way.
Key Takeaways:
- Financial advisors may work as independent agents or they can also work with a larger financial firm.
- Independent financial advisors (IFAs) are not tied to any larger financial institutions so they are not limited to recommending certain kinds of financial products and services.
- Before dealing with any IFA, ask for their unique representative number and verify their credibility.
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