Financial Adviser

Wealth management bid bound to fail

To establish a new qualification which appears to run the very real risk of giving credibility to those who do not deserve it, simply exposes the consumer to greater, not reduced, risk. Photo: AP

Last month the Hong Kong Institute of Bankers, Treasury Markets Association and Hong Kong Securities and Investment Institute published a consultation paper. It seeks to help Hong Kong gain a larger share of the private wealth management (PWM) business in Asia-Pacific, by establishing a new qualification and a PWM association, to improve standards of training, qualification and the integrity of PWM practitioners.

Sunday, 21 April, 2013, 4:56am

Hong Kong's stock tipsters need watching

Sky Cheung Shi-gaii

Stock tipsters are a dime a dozen in Hong Kong. Sky Cheung Shi-gaii at least has the dubious distinction of being the first to be punished by the Securities and Futures Commission. The broker was found using his investment column in Apple Daily between 2008 and 2010 to recommend stocks in which he took positions using his wife's undisclosed trading account.

12 Apr 2013 - 3:12am

Beware of unscrupulous financial advisers

The devil you know

Individuals put a lot of faith in financial advisers, making them vulnerable to fraud. But you can protect yourself, writes Nicky Burridge.

28 Jan 2013 - 7:19am

Tales from the dark side: unscrupulous advisers and their crooked companies

While most independent financial advisers are honest and professional, some will do whatever it takes to get clients to hand over their money.

A former adviser from a large multinational firm talked to Money Post about some of the tactics he was told to use.

28 Jan 2013 - 6:02am

Insurers pull back from disclosure policy as Commissioner defers issue

The initiative to provide more transparency on fees changed for investment-linked insurance products has had a setback

On February 29, Annie Choi Suk-han of the Insurance Authority, Hong Kong's main regulator of the insurance industry, sent a letter to the insurance industry with the topic line: Commission Disclosure.

5 Mar 2012 - 12:00am

Be sincere and keep that positive energy

Even at a young age, Sharona Tai (right), consultant trainee at Convoy Financial Services, appreciates the importance of saving to prepare for the future. She hopes to develop her career in financial planning to help others nurture the habit of saving with easy to handle investments. She joined Convoy in August this year to fulfil her dream of helping others accumulate wealth.

28 Oct 2011 - 12:00am

Champions champion client focus

The top prize winners at the SCMP/IFPHK Financial Planner Awards 2011 deserved all the plaudits they received at the presentation dinner on 11 October attended by 400-plus industry leaders and fellow professionals.

15 Oct 2011 - 12:00am

Success a result of teamwork

There was nervous tension and heightened emotions all round as the SCMP/IFPHK Financial Planner Awards 2011 reached their climax at what has become the industry's biggest night of the year.

12 Oct 2011 - 12:00am

Contest content reflects changing times and needs

Since they began in 2005, the annual SCMP/IFPHK Financial Planner Awards have become established as a standard for industry excellence. They have also continued to move with the times, with the competition format being tweaked and improved as necessary to provide a true, all-round test of participants' financial planning skills.

12 Oct 2011 - 12:00am

Award leads planner into brave new world of media

Perseus Lam Ching-wang had no plan to become a media pundit, offering financial advice in print and making TV appearances to discuss money issues of the moment.

12 Oct 2011 - 12:00am

Show of skills points to better industry expertise

As a final-round judge this year and a former task force chairman responsible for overseeing the SCMP/IFPHK Financial Planner Awards, Professor Louis Cheng has enjoyed a close-up view of evolution in action.

Since 2005, he says he has seen a marked improvement in the overall standard of contestants' all-round knowledge and presentation skills.

12 Oct 2011 - 12:00am

In serving clients, be trustworthy and reliable

In our first feature on interns and trainees in finance, Cathy Chen Ching-kuen, says she got her job through an internship programme organised by IPP Financial Advisers, where she's now an associate manager. The programme enables final-year university students to know more about the finance field and the independent financial adviser (IFA) industry.

24 Jun 2011 - 12:00am

Beware the mis-sellers

Have you ever wondered whether your financial adviser is selling you something you do not need? Or opened your annual statement for an investment product to find out that most of the money you ploughed into a supposedly 'safe' investment has all but disappeared because of fees and charges, or a market crash?

20 Jun 2011 - 12:00am

Using our brains is best way to invest

'Acting on good advice from experienced, well-informed investment advisers (IAs) can help expand your wealth and become financially more secure. But as an investor, do you know how do you make the most out of your IA?'

Securities and Futures Commission bulletin

26 May 2011 - 12:00am

Financial adviser seeks six experts

Elite Capital Solutions, a privately owned professional wealth management company which focuses on client service rather than sales, needs six established financial advisers for its recently opened Hong Kong office.

The company has offices in Dubai, is getting business registration in Singapore and Malaysia, and is set to expand to other Asian countries.

9 Apr 2011 - 12:00am