10 Best Financial Planners in Singapore (2022)

singapore financial planners discussing with client

The past few years were tough, to say the least. With the COVID-19 pandemic, the global economic crisis, and current inflation, these events resulted in financial strains. They also served as a reminder for us to manage our finances more effectively. But where do you start?

You may want to seek help from credible financial planners. Only authorized firms and individuals are allowed to provide you with financial advice on investments and insurance products. But finding the right financial planner is tricky. Here is a list of the 10 best financial planners in Singapore to help you get started.

How Much Does a Financial Planner Cost in Singapore?

Before we dive into the list, you must first understand how much a financial planner costs in Singapore. You can expect them to charge between 0.5% and 1% of the investments they manage. Additionally, you may also pay a sales charge for every financial product you avail.

What Does a Financial Planner Do Singapore?

A financial planner helps you understand your financial goals and how you can meet them. Financial planning goals may be buying a new property, investing for retirement, setting aside funds for your child’s education, and more.

A financial planner also helps analyze every aspect of your financial situation and provides expert advice and insight. They may offer strategies in terms of paying off debt, asset allocation, or guidance on financial products you should consider.

These individuals are authorized to provide financial advice and are issued a unique representative number by the Monetary Authority of Singapore.

Are Financial Planners Really Worth It?

Financial planners are worth it if you need assistance in managing your money or if you want to learn how to invest for your future. Before you work with any financial planner check their track record, reputation, and answer “is this financial planner worth it?”. Additionally, read reviews from current or past clients.

Financial Planners vs. Financial Advisors

Both financial advisors and financial planners can assist you with money-related issues, such as retirement savings, college funding, investing, estate planning, etc. However, the term “financial planner” commonly refers to a Certified Financial Planner. CPFs take a more comprehensive approach to their client’s finances.

10 Best Financial Planners in Singapore

Now that you have an understanding of what financial planners do, it’s time to start looking for the right fit for your needs. There are currently 63 licensed financial institutions in Singapore.

The list below is curated based on excellent customer reviews and recommendations. Plus, they have extensive experience and knowledge in the industry. Each financial planning firm has a license to conduct financial advisory services regulated under the Financial Advisors.

1. Providend – Best for Retirement Planning

providend

The first fee-only wealth advisory firm in Southeast Asia, Providend is a mid-sized professional financial advisory firm that offers various wealth management solutions. They have come to be known as a specialist in retirement planning. Providend also offers estate planning services to ensure that all your years of hard work will not be lost.

Highlights

  • Operates at a fee only.
  • Offers estate planning services.
  • Strong emphasis on ethical business conduct.

Price Range

  • One-time planning fee: $5,000
  • On-going advisory services: 0.5% to 1% p.a. of the investments

Contact Information

Website:

Address:

  • No.38 Duxton Hill, Singapore 089616

Operating Hours:

  • Weekdays: 9:00 am to 6:00 pm

Phone:

  • +65 6309 2488

Reviews

“One of the best decisions we made was to engage Providend as our financial advisor. Being fee-only, they are unbiased and trustworthy. Our thanks go to Chin Yu who is not only proactive but detailed both in planning and patient in clarifying our queries.”

“I have been using Providend services for more than 15 years. And I am very happy and satisfied with their professional, competent, reliable, caring, and “conflicts-free” approach to serving their clients . I especially like their “clients-centric” values as they always focus on meeting our individual and family needs and place our interests above anyone else interests. With Providend as my trusted financial adviser, my family and I can sleep well at night!”

2. Global Financial Consultants (GFC) – Best for Personalize Financial Plans

global financial consultants (gfc)

Established in 1997 in Sydney, Australia then relocated to the financial district of Singapore in 2003, Global Financial Consultants has been recognized for offering tailored financial solutions. They provide a wide range of educational, retirement, and investment management.

That said, instead of offering fixed plans or generalized services, their financial advisors will take into account your requirements to create personalized financial plans to suit your needs.

Highlights

  • Offer detailed pension plans for seniors.
  • CPF investment to grow your retirement nest egg.
  • Tax-efficient solutions

  Price Range

  • Reach out to GFC for a price quote 

Contact Information

Website:

    Address:

    • 14 Robinson Road, #10-01 Far East Finance Building, 048545

    Operating Hours:

    • Weekdays: 9:00 am to 5:00 pm

    Phone:

    • +65 6532 2711

    Reviews

    “My wife and I have been working with Jarrad, Linda, and the team for a number of years now. They are very professional and always make themselves available when we need to discuss things. I highly recommend Global Financial Consultants”

    “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.”

    3. Synergy Financial Advisers – Best for Comprehensive Financial Planning Services

    synergy financial advisers

    Synergy offers streamlined bespoke financial solutions for their individual or business clients. They can provide you with streamlined financial planning services to manage your investment funds. Plus, they also provide health and disability insurance. They also offer comprehensive insurance management for businesses.

    Highlights

    • Partners with accredited investors. This ensures that your investment will not have any legal risk.
    • Offers personal, corporate, and high net-worth financial solutions
    • High net-worth planning to enhance wealth potential

     Price Range

    • Reach out to Synergy for a price quote

    Contact Information

    Website:

          Address:

          • 229 Mountbatten Road, #03-30 Mountbatten Square, Singapore 398007

          Operating Hours:

          • Weekdays: 9:00 am to 6:00 pm

          Phone:

          • +65 6654 1888

          Reviews

          “Darius has been most helpful and detailed in explaining the insurance policy to me. He is someone whom I can trust to do the financial services for myself. I am thankful that he is handling my account and would highly recommend him to anyone looking to set their finance in the right direction and secure their future.”

          “Yasmin is something special. She is a very welcoming, friendly, professional, and personable nature, who works with integrity to provide her clients with sound financial advice and guidance. Yasmin’s up-to-date expertise in her field creates a trust that is rare to find. I highly recommend Yasmin. She’s the best around.”

          4. Dollar Bureau – Best For Financial Advising For Beginners

          dollar bureau

          Formerly known as Singapore Financial Planners, Dollar Bureau was launched in 2019 and they believe that financial planning should be made easy for everyone. While Dollar Bureau is not a financial advisory company, they have a wide network of financial advisor partner firms. 

          To ensure that you are partnered with the finest financial advisors, they regularly undergo training to improve their analytical skills to identify gaps in financial portfolios.

          Highlights

          • Provides access to financial articles perfect for complete beginners.
          • Diverse insurance products from a wide network of financial advisory firm partners
          • Presents client-focused solutions

          Price Range

          • Dollar Bureau is not a financial advisory company, they do not charge a fee to connect to a financial advisor

          Contact Information

          Website:

          Address:

          • 10 Anson Rd, #33-03 International Plaza, Singapore 079903

          Operating Hours:

          • Weekdays: 9:00 am to 5:30 pm

          Email:

          • hello@singaporefinancialplanners.com

          Reviews

          “Dollar Bureau financial advisors are some of the best I’ve encountered in recent years. Their staff is pretty knowledgeable about the products and services. Also, the support team responds to issues on a timely basis. Highly recommended.”

          “5 stars for the financial advisors in their network!! Typically, there is this stigma that revolves around people in this industry where they focus on hard selling and being pushy, but the service I received was genuine and sincere as they recommended what was suited for my needs. Was really impressed, and I felt comfortable with the whole process as well. Would 100% recommended!”

          5. Expat Advisory Group – Best for International and Multi-Currency Mortgage Protection

          expat advisory group

          With over 85 years of experience, Expat Advisory Group – IPP Financial Advisers Pte Ltd has earned several accolades, making them one of the most reputable financial advisors in Singapore. They assist both local and international clients in managing their money while living and working in Singapore.

          They offer comprehensive financial management services, such as multi-currency management, retirement planning, university planning, tax efficiency, and more.

          Highlights

          • Serves both domestic and international clients for years
          • Offers life and health insurance for individual and business clients
          • Provides advice on international and multi-currency mortgage and mortgage protection

           Price Range

          • Reach out to Expat Advisory Group for a price quote

          Contact Information

          Website:

          Address:

          • 78 Shenton Way, Singapore 079120

          Operating Hours:

          • Weekdays: 8:30 am to 6:30 pm

          Phone:

          • +65 6511 8805

          Reviews

          “I have known & worked with Alex Ang of IPPFA for close to 10 years. He has always been a hardworking & conscientious financial advisory consultant who put his client’s interests first. I would like to commend Alex for his dedication & professionalism in his work!”

          6. JS Advisory – Best for Personal Insurance

          js advisory

          Established in 1997, JS Advisory aims to forge relationships with clients. Today, the team is made up of individuals with diverse backgrounds and entrepreneurial mindsets. They uphold the highest standard of care and will act in the best interest of their clients.

          JS Advisory offers personal financial solutions, such as life protection, personal accident insurance, critical illness protection, savings and investments, and more.

          Highlights

          • Diverse financial products, such as life insurance plans, health and disability insurance, travel insurance, and more
          • Offer comprehensive employee benefits programme and insurance plan
          • More than two decades of expertise with experienced financial advisors

          Price Range

          • Reach out to JS Advisory for a price quote

          Contact Information

          Website:

          Address:

          • 78 Shenton Way, Singapore 079120

          Operating Hours:

          • Daily: 24 hours

          Phone:

          • +65 8949 9400

          Reviews

          “Asri has been very helpful in advising appropriate coverage and policies for me and my family. He keeps me engaged in updates to my policies. He is always a call or text away and proactive in meeting face to face to provide financial advice.”

          “Rajis Sharif – The most awesome, friendliest, knowledgeable advisor I ever meet. He is willing to go the extra mile. He knows my needs. Kudos!”

          7. Great Eastern Life – Best for Holistic Financial Planning

          great eastern

          Great Eastern Life is one of Singapore’s oldest companies. They have built an excellent reputation and assisted many clients in achieving healthy and secure wealth. Great Eastern Life provides detailed strategies to secure your family’s future. They also offer solutions for business clients looking to safeguard their businesses and employees.

          Highlights

          • Offers Life protection, health, and wealth accumulation solutions
          • Holistic financial planning
          • Group employee benefits

          Price Range

          • Reach out to JS Advisory for a price quote

          Contact Information

          Website:

          Address:

          • 1 Pickering St, Singapore 048659

          Operating Hours:

          • Daily: 9:00 am to 5:30 pm

          Phone:

          • +65 6248 2211

          Reviews

          “If you are looking for an excellent premium health policy, seek no more as Great Eastern will be the one to choose from. They provide good and efficient service.  Glad that my agent is also a very responsive and responsible person. Highly recommended!”

          “Selvam is the best insurance assurance manager I have ever known. He knows exactly what you need and is always on his toes with your investments. Call him for all your insurance needs you can really trust him. He has been in the business for more than 20 years.”

          8. SingCapital Pte Ltd – Best for Comprehensive Financial Planning

          singcapital pte ltd

          One of Singapore’s leading Financial Advisory Firms, SingCaptial Pte Ltd is dedicated to providing quality financial services and solutions – both for individual and business clients. They are also an exempt direct insurance broker for General insurance.

          This financial advisory firm offers free personal financial health checks (worth S$250) when clients complete an interest indication form on their website. Some of the finance and investment solutions they offer include life insurance, retirement planning, investment advisory, and CPF planning.

          Highlights

          • An exempt direct insurance broker for General Insurance
          • Free personal financial health check upon completion of online interest indication form.
          • A strong advocate for financial literacy

          Price Range

          • Reach out to JS Advisory for a price quote

          Contact Information

          Website:

          Address:

          • 60 Paya Lebar Rd, #09-01 Paya Lebar Square, Singapore 409051

          Operating Hours:

          • Weekdays: 9:00 am to 6:30 pm

          Phone:

          • +65 6801 4088

          Reviews

          “Enriching my financial journey. 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.”

          “Managing my finances right. 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.”

          9. Karen Tang Certified Financial Planner – Best for Comprehensive Financial Planning

          karen tang

          Karen Tang is a Certified Financial Planner based in Singapore. She is one of the best independent financial advisors in Singapore and has been helping professionals and executives grow and protect their wealth. 

          Before diving into the wealth management industry in 2005, Karen worked as a business analyst and change management consultant. Today, she provides a wide range of Personal and Corporate Financial Advisory Services.

          Highlights

          • Certified Financial Planner
          • Associate Estate Planning Practitioner (AEPP)
          • Offers wealth accumulation and protection services, including life, critical, and disability income insurance, and more.

          Price Range

          • Reach out to Karen Tang for a price quote

          Contact Information

          Website:

          Address:

          • 33 New Bridge Road #20-06/08, Chinatown Point, Singapore 059413

          Operating Hours:

          • Weekdays: 9:00 am to 6:00 pm
          • Saturdays: 10:00 am to 1:00 pm

          Phone:

          • +65 6252 8500

          Reviews

          “Over the years, having Karen as my financial planner has made me feel more confident about my financial well-being and future.”

          “Karen creates an experience that relieves a person of any financial tension they may be feeling.”

          10. Unicorn Financial Solutions – Best for Comprehensive Financial Management Solutions

          unicorn financial solutions

          Unicorn is dedicated to providing genuine, trustworthy, and sustainable financial solutions to its clients. They are one of the most successful independently owned financial planning companies in Singapore.

          This firm offers financial advisory, securities advisory, and value investing portfolio services. They are an exempt insurance broker and a registered fund management company. Plus, they have a team of licensed financial advisers.

          Highlights:

          • Offers financial advisory, securities advisory, and value investing portfolio services
          • Exempt insurance broker and a registered fund management company
          • Create portfolios that use publicly listed companies, CIS, and ETFs

          Price Range

          • Reach out to Unicorn Financial Solutions for a price quote

          Contact Information

          Website:

          Address:

          •  538 Geylang Rd, #02-11 The Arizon, Singapore 389493

          Operating Hours:

          • Weekdays: 8:30 am to 6:30 pm

          Phone:

          • +65 6887 3885

          Reviews

          “I have known Choon Kiat for 5 years for guiding me in my personal financial planning. I’m fortunate that I have made a wise choice to have him manage my finances, helping me to protect and grow my wealth. He is highly recommended.”

          “My mother introduced me to uncle Wei Jiang, who advised me on how to start my financial plan earning early. E.g. Regular Saving and Investment plan that allows me to save and invest every month. He also provided me resources and books to learn how to invest.”

          Summary

          Financial Advisory Firm

          Best For

          Specialization

          Price Range

          Providend

          Retirement Planning

          Wealth and Investment Management

          One-time planning fee: $5,000

          Global Financial Consultants (GFC)

          Personal Financial Plans

          Pension Plans For Seniors

          Depends on the type of service

          Synergy Financial Advisers

          Comprehensive Financial Planning Services

          Personal, Corporate, and High Net-Worth Solutions

          Depends on the type of service

          Dollar Bureau

          Financial Advising For Beginners

          Financial Literacy

          Depends on the type of service

          Expat Advisory Group

          International and Multi-Currency Mortgage Protection

          Expat Financial Services

          Depends on the type of service

          JS Advisory

          Personal Insurance

          Insurance Plans

          Depends on the type of service

          Great Eastern Life

          Holistic Financial Planning

          Personal Life Insurance

          Depends on the type of service

          SingCapital Pte Ltd

          Comprehensive Financial Planning

          Wealth and Investment Management

          Depends on the type of service

          Karen Tang Certified Financial Planner

          Comprehensive Financial Planning

          Wealth Accumulation and Protection

          Depends on the type of service

          Unicorn Financial Solutions

          Comprehensive Financial Management

          Value Investment Planning

          Depends on the type of service

          Closing

          At some point in your life, you’ll need to develop a long-term financial plan. You’ll need to take into account your retirement, paying off your property, or funding your child’s education. It is a smart choice to seek the expertise and services of a credible and licensed financial planner.

          Key Takeaways:

          • Financial planners guide clients and provide services on wealth management and other personal money matters.
          • A financial planner may draw up plans or recommend specific financial or investment products to meet your goals.
          • When choosing a financial planner, make sure that they are licensed by the Monetary Authority of Singapore. Always ask for the FA representative’s unique representative number to verify if they are permitted to give financial advice.

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