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Interview with Mr Tan Siak Lim
Director, Financial Advisory Group
Financial Alliance Pte Ltd
Being one of the largest IFAs in Singapore, we believe in advocating our independent platform, which offer you unparalleled financial solutions. This 6-month program will see Financial Experts from Financial Alliance sharing with you many concerns from the consumers’ point of view.
The financial advisory practice can be a tremendously rewarding and meaningful career, when done correctly. Whether you are a fresh graduate, or had been working for many years in an un-inspring job, this career may give you an opportunity to live the life most people can only dream about. Come and have a chat with us to find out if this is the right career for you.
Equity markets remain under pressure in June and July as the four hurdles that the market is facing remain intact: the European and U.S. Debt Crises, worries over China’s growth and the unstable Middle East situation.
I met Siak Lim at a NTU alumni program, and follow up with him to engage his help to do a thorough review of my financial plan, on both insurance and investment matters.
Upon completion of the insurance work, I am impressed that I ended up with a better coverage yet paying a lower premium! On investment, Siak Lim shared with me the various considerations in the construction of an appropriate investment portfolio, took his time to understand me well before coming out with a portfolio that’s in line with my needs and constrains. He also reviews my portfolio regularly to ensure that it is well positioned with market developments. It’s the best experience I had in this industry.
Sukh Singh, 54, Trainer and Coach (Retired Army Officer)
Before meeting Siak Lim, my investments have been losing money for a number of years. Since transferring my investment portfolio to his management the last 2 years, it has finally breakeven and made a good return last year.Siak Lim demonstrated a lot of care in making sure that the asset allocation is suitable for me, especially since I’m retired, and actively manage my portfolio.
I also feel that he has a lot of passion for his profession, compared to the many other financial advisers I’m met in the past, who don’t seems to really like what they do, and are usually just trying to make a sale.
Mary Ngo, 50, Retired Finance Manager
I have been entrusting Siak Lim with my insurance and investment portfolio since 2005. I find him competent and professional, and appreciate his ability to present complex concepts in a way that is easy to understand and relevant to me. Siak Lim is patient and listens carefully to my needs; I am inspired that the solutions he proposes are pragmatic and outcomes are tailored to my unique circumstances.
David Ge, 42, Legal Professional
I found about Mr Tan’s services online. I needed someone to review my investment and assess on my retirement readiness. At the first meeting, Mr Tan correctly pointed out that my portfolio was too aggressive and does not fit my profile, and promptly help do a restricting, just at the right time to partially avoid a market correction.
Mr Tan also delivered on his promise in reviewing my portfolio regularly and doing switching where necessary. It’s a service that I found rare in Singapore, as most advisers tend to focus more on selling then servicing. I’m very pleased to have found him, and will not hesitate to recommend him to anyone who’s looking for a professional investment manager.
Royston Ng, 61, Retired Finance Manager
One of the greatest strengths Siak Lim possesses as a Financial Advisor is his ability to consistently stay abreast with the ever-evolving financial tools and products so as to be able to deliver the best possible advise for each and every clientele's needs, like myself.
James Wong, 30, Business owner
Financial planning is a journey, not a destination. To that end, I considered it important to engage a financial adviser (FA), one to whom I can always communicate and depend upon for sound advice throughout the journey. At Financial Alliance, I am pleased to be served by Mr. Tan Siak Lim, whose knowledge and experience in the industry has made him an invaluable asset. His patience, impartiality and professionalism in his approach, has helped made the journey so far a safe, fruitful and enjoyable one.
Marcus Kok, 52, Business Owner
I’ve engaged Siak Lim for most of my insurance needs for many years. He did a thorough scrub through of my family policies and identifies my gap precisely, one of which is personal medical insurance. He explained to me why is it important to have my own medical insurance despite being covered by my company’s group insurance. A few years later, I was hospitalized while in between jobs, and the personal medical proved its importance!
Tan Puay Hiang, 50, VP Operations
If you are looking for someone who knows his stuff, not pushy, timely in giving advise especially at critical points in your investment time frame, Siak Lim would be the person you can approach. I have benefited from his management of my investments.
Lee Kai Yin, 49, Senior Manager in healthcare industry
As a non-financially trained person, I truly appreciate Siak Lim's client-centric and process-oriented approach. As an independent financial advisor, his way of working is very different from others I've met. He's not a pushy salesman, but a patient advisor who cares to explain when I don't understand, usually in his informal but still professional way.
Talking to him, I don't feel obliged to make any decisions if I am not willing or ready. Instead, he guides me through various options and gives me time to think for myself. I also know that he's there whenever I have questions for him.
Leow Yong Fatt, 38, Social Worker
Siak Lim helped me do a detail analysis of my retirement situation, and showed me many scenarios of what may happen, using various assumptions. I find his presentation very clear and easy to understand for a layman, and his recommendation is according to my financial needs. The best part is there is no feeling of any sales pressure, something I typically fear when meeting up a financial adviser in the past.
Yeo Joo Yong, 40, Customer Service
Mr Tan is very patient, honest and straightforward with his comments and recommendations. I’ve enjoyed very much having him as my financial advisers, and he’s the only person I’m comfortable to trust, and many I’ve met earlier are very pushy and product driven.
Goutam Goswami, 52, Operation Manager