I was sitting with a group of strangers , they are all peers for Allianz business . After self introduction & icebreakers , some conversation went on.
" Ah, you are financial adviser... not easy in Malaysia .... Am actually accountant running own small firm , doing general insurance for existing customer only " Mr.Lim said.
Looking at my name card , Mr. Ng ask " Are you working with Standard Chartered Bank ?"
" no , Standard Financial Planner is an independent license financial adviser firm in Malaysia , we are not banker "
Mr.Ng is a remisier with a renown investment bank then understood and said " oh IFA group .." by raising his voice tone and continue " actually i would like to understand what you all can do & what can't "
I have briefed the authority by Bank Negara Malaysia for risk planning and Security Commission on investment planning. With this license, we can then provide written fees base financial plan for clients . I can't advise on tax matters & legal matters .
" Malaysia not ready yet, no market for financial planning industry. May be next 10 years only .. " he commended .
" Its true still in infancy stage , yes we may need another 10 years to develop . We have to start somewhere some point , if we neither lead this nor start this , 10 years later our industry still as at today , no market " after some red wine , i felt my positive energy growing to fight with all the negative commend on us .
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| IFA is an blooming industry in 10 years time |
