FDM - Best Method for Comparing Financial Plans - Open source and Free.
FDM stands for Facilitating Decision Making. This is by far the best method encountered so far in comparing financial plans, in both bigger picture and granular levels. It is open source for all and free for everyone to use. This proves that what is best, is unique to each individual as well as quantifiable based on that nuanced individuality! It is the solution given that we are living in a world with multiple considerations, competing priorities and budgetary resource constraints. This is to strike a balance and make an informed choice!
The Adviser Representative who can take you through this process will demonstrate the craft, the customization and personalized advisory service that takes effort; and puts you as the client, at the centre of focus most truly.
2 persons with different nuanced weightings over same relevant factors, debating over the same product as adversaries? Both can be equally valid in their own individuality. In Clifton’s Strengths Finder, my strengths are focus, analytics, intellection, learning and individualisation. I searched what individualisation means in Clifton’s Strengthsfinder. It dawned on me how the design driven process resonated with me when I understood its principles. I do not have the strength of woo (Clifton’s Strengthfinder strength for salespersons) so that is why I tell people that I can give good advice but I can’t sell.
Give it some thought. What are the meaningfully relevant considerations for you? How would you rank those factors? Are some factors equal in weighting? Or some factors have higher priorities? Are there factors that are competing priorities?
I can run through this process with you. But I need to know that you are for real. Hence, at minimum, open a POEMs account (It is free) with me. Yes emotional bank account principles at work.
WHY START A RELATIONSHIP WITH ISAAC
THIS INVOLVES OPENING A POEMS ACCOUNT TAGGED TO ISAAC (TR code: APR)
My Business DNA
I am running a business with the client’s interest at heart; that’s my foremost priority. There are systems, tools and processes in place to accomplish and fulfill the role of a Total Wealth Manager.
1) Personal Financial Review and Analysis
2) Portfolio Summary and Data Management
3) Review, Action and Feedback
4) POEMS (Phillip Online Electronic Mart)
5) FAME (Financial Access Made Easy)
How Does It Work
The Right Total Wealth Manager has the range of instruments coupled with a strong streak of loyalty to the client who will not sell products that do not fit the client’s risk profile and investment objectives. The Monetary Authority of Singapore’s rules serve as a protection against mis-selling to clients.
It’s more than having the breath of financial products to customize your financial plan. It’s about connecting both head and heart in designing that unique multi-faceted financial plan.
It’s about the systems, logistics and infrastructures in place to deliver financial services that determine who you should engage. That is the very core in the soul of the belief that the customer’s interest comes first.
ACCOUNT OPENING GUIDE
What happens if I already have a POEMs account?
PhillipCapital allows you to have multiple POEMs to choose which representative you wish to direct your business to. Having an account tagged to me (APR) allows me to assist you with all your servicing needs.
But I already have other broking accounts elsewhere, do I still need one with POEMs?
It is great that you have started on your investment/trading journey. Platforms do run into issues from time to time and when it happens during a volatile market state, it helps to have another platform to perform hedging actions.
(One example is if you need to sell shares in your CDP account but your current platform has issues, a POEMs account linked to CDP can help. But of course, you need to have that set up first.)