Financial advisory

HOCK LOCK SIEW

iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks

The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory

The financial advisory industry in Singapore has “substantial growth potential”, says iFast.

iFast to acquire 30% stake in Financial Alliance Corporation for S$19.6 million

The deal will be funded with internal resources and external borrowings

Wee Teng Wen, founder and managing partner of the Lo & Behold Group, says 2025 was a "coming of age" for him and the company.

Five Singapore business leaders look back on 2025

Key figures in industries from finance and F&B to live music and art reflect on the challenging year they faced

AI can elevate investing capability, but the final layer must still be human.
THE WEALTH CODE

For investing, not all AI tools are created equal

Unlike models built for finance, AI for general use is not trained to weigh risk, comply with regulation or understand the structural forces that move markets

Propel has already onboarded over 1,000 advisers onto its shared services hub, and has ambitions to serve more than 3,000 advisers by 2029.
BRANDED CONTENT

Saving up to 40% onboarding time, costs: How award-winning solution speeds up work for advisory firms

By integrating multiple business functions into one, shared services solution Propel with Singlife eases administrative burdens for firms, allowing them to better serve their customers and scale their...

Senior Minister of State for Trade and Industry Low Yen Ling says: “It will be easier for SMEs to connect with the right resources that enable their growth and transformation.”

SME Centres to offer more comprehensive advisory services, referrals for complex issues

A Centre for Enterprise Financing Advisory will also be launched later this year

While independence in IFAs might be framed as freedom – over schedules, product selection and business strategy – other industry players say that might not be true in practice.

Independent financial advisers gain ground as demand for holistic service grows

IFAs account for 40.7% of the industry’s new business growth in 2024, outpacing tied agents, at 33.3%

Unequivocal IFA independence would boost confidence in the market, which could lead to more interest and improved liquidity.
THINKING ALOUD

Ensuring IFA independence is crucial

In an ideal world, the independent financial adviser would be appointed by an external party – possibly regulators or even Sias – and should not receive payment from target companies

CEO of finexis Warren Lim (left) cites a strong alignment of values with Ascend Asia's leadership team, including CEO Tomas Urbanec (right), as the key reason behind the financial advisory firm’s decision to join the platform.

KKR starts financial advisory platform to widen choices for Singapore consumers

Ascend Asia has onboarded finexis as a member firm, ahead of the completion of its acquisition by the third quarter of this year

This comes on the back of increasing demand for industry-focused advice and cross-border capabilities.

PwC Singapore appoints 11 new partners across different practices

They span a wide range of sectors, including financial services, technology, healthcare, logistics and real estate