Ethos Wealth Planners

The following are what all new advisers would expect to go through when they want to join us.

1. If you are quitting from your existing occupation from a different industry, you should NEVER tender your resignation until you have passed all CMFAS modules. You can study part time because these modules are not difficult. Once you completed your CMFAS exams, you may tender your resignation.
2. If you are quitting from the same industry, you need to make sure that you do not miss any bonuses from your firm. Make sure you know the technical details of the cut-off dates. Submit your resignation only when you are sure you will not miss any bonuses.
3. It is very important that you have sufficient emergency cash to last at least six months to a year. To be prudent, it is best to have at least 2 years worth of emergency cash. It takes time to build up your client base. Moreover, during the first year, it is mostly a learning phase.
4. For those who wish to do general insurance (GI), they sign a GI contract with the firm. New advisers will be required to attend the General Insurance Advisers Development Program to be held on a quarterly basis.
5. For those who wish to do FA business, they will sign a FA contract with the firm. Their names will be forwarded to Monetary Authority of Singapore as part of the notification framework when the firm has conducted its own due diligence. It takes about two weeks before their names will appear on the Registry of Representatives.
6. Advisers doing FA business are to attend the Adviser Development Program (ADP) which is held on alternate months. It is important to coordinate your resignation date and joining date so that you do not miss the ADP program.
7. After the ADP is completed, advisers who are under the Ethos Wealth Planners will be given needs-based case studies and product research assignment. This is a “free-play” assignment with no specific date and time for completion. The intention is to provide new advisers practical experience and at the same time accelerate their learning curve in learning about the vast product range on offer. I estimate that it could take up to 1 month for the new advisers to complete the assignment depending on their familiarity with needs-based analysis.
8. New advisers may now start providing advisory services. However, they will continue to receive weekly coaching session for further few more months.

On an on-going basis, all advisers regardless of their seniority are provided weekly training on Mondays conducted by the firm from January to November which covers life insurance, investments, general insurance and soft skills. One of the Monday in each month is a compulsory meeting. For those who wants to have more training, there are separate monthly trainings for investments and life insurance. The total number of CDP training hours provided in a year easily exceeds 90 hours.

Seasoned advisers are still required to attend a one-to-one coaching session with their supervisors once a month. This is a regulatory requirement which cannot be waived.

All advisers receives support from the firm’s Life Insurance Specialist, Investment Resource Specialists and Accredited Investor Resource Specialist on an on-going basis. Moreover, advisers are strongly encouraged to specialise in one or two fields eventually. In this manner, clients’ interest are met by advisers who are competent in their fields. Co-broking arrangement administered by the firm is strongly encouraged so that in this manner, the burden on a single adviser to provide all services and solutions is reduced.