COVID-19 had affected every industry and financial adviser representative were not spared. I decided to conduct a survey and see how it affected us. This survery was conducted in a facebook group known as ” Insurance Discussion SG” and a total of 26 financial adviser representatives took part in it. And I would like to take this opportunity to thank them for taking their precious time to help with this survey. Although it is a small number of sampling and the result may not be accurate to speak for the financial planning industry, I think it will not be too far off either. So, let us see what’s the result!
Participants can cast their votes from -100 to 100 and it is a good sign that despite this pandemic, there is no financial adviser who suffered a drop in business. And majority grew their business by 50% and 100%A fair result of 50% each and this is a good indicated that a Financial Adviser Representative needs to take the initiative to reach out to our clients regardless of the current sutuation.A wide spread of business are underwritten during this period.I hope this curb the misconception that the company will not take care of the representative. A clear 42.31% win from the next in line!My guess is the different grants for the different group of Singaporeans are effect thus have such a evenly spread choice.In my opinion, I will choose to ignore the close to 50% who chose Neutral as it is just sitting on the fence. If we look at the Optimistic views are more than twice of those with pessimistic views. This is a good indicator that tomorrow will be better as long as we fight on! A good balance of age here.
Most important is the suggestions shared by those who participated to help fellow financial practitioners during this pandemic. There are as follow:
My IFA@Sg 