Fee vs Commissioned Financial Advisor

Allied Well Management

New member

Member since 28 July 2015

Ho Chi Minh City

Allied Well Management

05 August 2015 14:45:49

Allied Well Management

05 August 2015 14:45:49

Ho Chi Minh City

Hi all,

I'm here in Vietnam, and looking to set up a financial advisory business. Fee only is my business model. This is popular in the states, because it takes away the conflict of interest of getting paid by commission.

This concept of fee only seems rare in SE Asia. I see the player are dominated by commissioned house like Globaleye & Devere.

Just need some feedback from the expat community here if this service would be beneficial.

Thank you

saigonlolo

Active member

Member since 15 September 2014

saigonlolo

09 August 2015 19:58:45

saigonlolo

09 August 2015 19:58:45

Hi,

Yup. Commission-based models dominate here. As an expat lawyer, I've been pestered by Devere on many occasions - they're notorious for their insistent cold calls.

A fee-based model could work, and would be something I may be keen to explore. Have you dipped your toes in SE Asia yet?

However, depending on your scope of business, a company in asset management is not going to be easy to set up. Feel free to message me privately for more details on set up.