Welcome back to part two of this nine-part mini-series, where we delve into the wealth management journey of our clients.Being a trusted adviser to our affluent clients for the past two decades, we have been receiving many questions about who we serve and the work that we do for our clients. So we decided to put together a collection of all the stories that clients and prospective clients shared with us. It ranges from why they are looking for guidance to challenges they faced before meeting us, and their experience working with Providend.In this week’s Money Wisdom episode, our co-host Isaac probed our Deputy CEO & Chief Advisory Officer, Evelyn Goh, with several difficult questions on the common issues faced by clients in their search for a trusted wealth adviser. Evelyn addressed the elephant in the room when talking about the "4Cs" that possibly frustrate clients when all they desire is for their needs to be met. She also shared the painful truth that no single adviser can be competent in all areas of a comprehensive wealth plan, and why is that so?Stay tuned for our next podcast episode, where our co-host Jin will be talking to Chris about his article in The Business Times. Following that, our next episode will be part three of this new series, so please look forward to that!The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-3/ Music courtesy of ItsWatR. Mentioned in this episode:Grab your very own Money Wisdom book today!Some longtime listeners might know that the inspiration behind this entire podcast was our CEO, Chris’s book titled Money Wisdom: Simple Truths for Financial Wellness. If you are interested in getting your very own signed copy, please check out the link here: https://providend.com/publications/

It has been a month since the CPF changes were announced, and there are still ongoing discussions in the media, online, and in various finance chat groups. With all the noise surrounding this 'hot topic,' our CEO, Chris, shared a simple guide in a Business Times article, which all Singaporeans can refer to when considering their next steps in light of these changes.In this week’s Money Wisdom episode, our co-host Jin interviews Chris, as he digs deeper into this article to discuss the pros and cons of a private annuity plan and CPF LIFE, with your life goals and savings plan in mind. Chris shares how crucial it is to have a robust wealth plan, as government policies and your personal needs may change over time.You can read Chris' article in The Business Times on this topic here.Also, stay tuned for our next podcast episode, for part 2 of a nine-part series that covers the wealth management journey of our clients!You can register for the webinar here: https://us06web.zoom.us/meeting/register/tZ0pdO6tpjkqGtXRgF8CkipS_KAw0mI4tbuW#/registrationThe host of this episode, Jin Lee, is an Associate Adviser at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-3/ Music courtesy of ItsWatR. Mentioned in this episode:Subscribe to our mailing list for more content!If you’re interested in getting more of our thought leadership contents, click this link to subscribe to our newsletter today: https://providend.com/#newsletter-subscribe

Providend has always been proud to share that we are Southeast Asia's first fee-only advisory firm. In recent years, we have been receiving many questions about who we serve and the work that we do for our clients.In this nine-part sequential mini-series, we will delve into the wealth management journey of our clients. This is a collection of all the stories that clients and prospective clients shared with us ranging from why they are looking for guidance to challenges they faced before meeting us, and their experience working with us. We are sure you would find something that resonates with you in your own wealth journey and glean some interesting insights.In this week’s Money Wisdom episode, our CEO Chris, and co-host Isaac, begin by telling the tale through the perspective of our clients - the protagonist of this story. As you continue through the series, you will learn about the values that they hold dear and the common thread that runs across what clients are looking for in a credible wealth adviser.Stay tuned for our next podcast episode, where our co-host Jin will be talking to Chris about his article in The Business Times. Following that, our next episode will be part two of this new series, so please look out for it!Did you know that our Providend’s Money Wisdom podcast is now available in video format on YouTube? Follow us on our YouTube channel for new episode every Thursday at 8pm: http://www.youtube.com/@ProvidendSGThe host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-3/ Music courtesy of ItsWatR. Mentioned in this episode:Rate Our Podcast on Your Favorite Platform

The CPF changes announced during #Budget2024 have been receiving a range of opinions on the ground as Singaporeans who had "Special Account shielding" on their minds, question their next steps when it comes to retirement planning. Given the unpopular opinions, is this the right move to make for the primary purpose of the CPF? What do these changes mean to you as a young accumulator or a near-retiree? In this week’s Money Wisdom episode, our CEO, Chris, encourages us to dig deeper and to ask ourselves what the original intent was for the monies left behind in our CPF balances after turning 55, should these changes not have been announced in the first place. That would give us a good idea of the next steps to take. Also, stay tuned for our next podcast episode, where we will be going through a client case study!Did you know that our Providend’s Money Wisdom podcast is now available in video format on YouTube? Follow us on our YouTube channel for new episode every Thursday at 8pm: http://www.youtube.com/@ProvidendSGThe host of this episode, Jin Lee, is an Associate Adviser at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-3/ Music courtesy of ItsWatR. Mentioned in this episode:RetireWell eBook Download

Until today, Providend remains the only fee-only wealth advisory firm in Southeast Asia, a model inspired by the U.S. and Australia - why is that so? For the average person seeking trustworthy wealth advice that is client-centric, should they exclusively consider fee-only wealth advisers? Also, what are the differences between fee-only and fee-based advisers? In this week’s Money Wisdom episode, our CEO, Chris, and our Co-Host, Jin, discuss this controversial topic of the various compensation methods in the financial advisory world and the pros and cons of each. After listening to this podcast, we hope you will gain clarity on how to best evaluate the type of financial adviser that is most suitable for your needs. Stay tuned for our next "The Brain Behind" episode, where we delve deep into Chris' upcoming Business Times article!Did you know that our Providend’s Money Wisdom podcast is now available in video format on YouTube? Follow us on our YouTube channel for new episode every Thursday at 8pm: http://www.youtube.com/@ProvidendSGThe host of this episode, Jin Lee, is an Associate Adviser at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-3/ Music courtesy of ItsWatR. Mentioned in this episode:Subscribe to our mailing list for more content!If you’re interested in getting more of our thought leadership contents, click this link to subscribe to our newsletter today: https://providend.com/#newsletter-subscribe

The philosophy of sufficiency serves as the anchor for everything we do here at Providend—whether it's planning for our clients, investing for them, or providing advice. Sufficiency is about having enough, but the question remains: when is enough truly enough? How do we find contentment in life, and what does contentment mean?In this week’s Money Wisdom episode, our CEO, Christopher Tan, elaborates on how we can identify the things that are important to us, which he terms as life decisions, and also "ikigai" decisions—those that help us live our day-to-day life in a way that is worth living. Financial decisions can then be arranged to support these life decisions.You can find The Business Times article "How to Make Life Decisions" here, where Chris shares the true meaning behind "ikigai" and how you can discover the life you have always desired to live: https://providend.com/how-to-make-life-decisionsMeanwhile, stay tuned for our next episode!The host of this episode, Jin Lee, is an Associate Adviser at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia. Did you know that our Providend’s Money Wisdom podcast is now available in video format on YouTube? Follow us on our YouTube channel for new episode every Thursday at 8pm: http://www.youtube.com/@ProvidendSGMusic courtesy of ItsWatR. Mentioned in this episode:Rate Our Podcast on Your Favorite Platform

Welcome to the FIRST episode of Providend’s Money Wisdom Podcast Season 3!For this season, we are doing things a little differently in our sharing of money wisdom with you. We will be introducing various mini-series covering different aspects of your overall wealth plan holistically. But first, let’s get to know more about your new co-host, Jin Lee, Associate Adviser at Providend.In this episode, Jin shares her interesting past experience and thorough research on Providend before making a career switch to join us. Even though Jin has only been with us for a short time, her interest in personal wealth and passion to do the right thing will surely make her a great co-host, alongside Isaac!Meanwhile, stay tuned for the next episode where Chris discusses more about his first article of 2024 on The Business Times!If you are interested in joining our Providend Associate Adviser Programme, kindly visit this link to find out more: https://providend.com/careers/Music courtesy of ItsWatR. Did you know that our Providend’s Money Wisdom podcast is now available in video format on YouTube? Follow us on our YouTube channel for new episode every Thursday at 8pm: http://www.youtube.com/@ProvidendSG

Every Monday, Providend’s Money Wisdom will discuss popular wealth topics to share some money wisdom in navigating through the minefields of misinformation and false promises so you can achieve financial security and peace of mind.Also available in video format on YouTube every Thursday at 8pm.An original podcast produced by Providend Ltd.Do you have any feedback or questions? Write to us at communications@providend.com

Did you know that Dave Butler, Co-CEO of Dimensional Fund Advisors (DFA), was a former professional basketball player? Standing at over two metres tall, how did he come to and stay in his role at DFA for the past 28 years, instead of pursuing his career in basketball?In this week’s Money Wisdom episode, Dave recounts his journey in one of the biggest fund management companies in the world. With the wealth of knowledge he possesses, he shares his views on money and explains why he still believes that having a wealth adviser is essential for leading a peaceful life.You can find the video version of this podcast episode on YouTube here: Meanwhile, stay tuned for exciting updates coming soon!The host of this episode, Evelyn Goh, is the Deputy CEO and Chief Advisory Officer at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia.View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

Having a roof over your head is one of the necessary aspects of life. However, nowadays, many people in Singapore view properties as an investment and often even prefer these over equities. So, the question arises: Should you focus on property investment?In this week's Money Wisdom episode, Chin Yu discusses why people might prefer to invest in properties over equities and whether Providend considers it as an investment, using our investment framework.You can refer to Chin Yu's article on properties and their suitability in your overall investment portfolio here: https://providend.com/how-should-property-fit-into-your-overall-investment-portfolio/As mentioned, this is a video podcast, so you want to watch this episode on YouTube here: https://youtu.be/KNyayoE3tJEMeanwhile, stay tuned for our next episode, where we will be joined by a very special external guest!The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

With the latest changes to investment-linked policies (ILPs), many investors may be contemplating the inclusion of this product in their investment portfolios. This prompted our CEO, Chris, to write his latest article in his The Business Times column, addressing the suitability of ILPs for your investment strategy.In this week's Money Wisdom episode, Chris expounds on the four pillars of our investment philosophy - economic contribution, empirical observation, implementation, and practical considerations – and explains how we use these to determine whether to include ILPs in our portfolio for clients.You can refer to The Business Times article here: https://providend.com/are-investment-linked-policies-suited-for-executing-your-investment-strategy/Meanwhile, stay tuned for our next episode where we'll discuss the pros and cons of investing in equities versus properties!The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

It is inevitable to avoid crises or market downturns during your long-term investment journey. While we acknowledge that some turbulence is normal in any flight, it doesn't guarantee our hearts can always withstand the market's volatility. That’s why, at Providend, we are committed to coaching our clients even before they embark on their investment journey. In this week's Money Wisdom episode, Evelyn Goh, our Deputy CEO and Chief Advisory Officer, shares Providend’s experience through the various crises and our process of holding our clients’ hands through those difficult times. Meanwhile, stay tuned for the next episode where Chris discusses more about his latest article on The Business Times!The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

At Providend, we've always advocated an evidence-based approach when investing your money and do not attempt to time the market. One might assume that, as long as you invest your money this way, you would be in good shape. However, another crucial piece of the puzzle is using the right instrument with the right investment manager. This was why Providend decided work with Dimensional Fund Advisors (DFA) to enhance the investment experience for our clients.In this week's Money Wisdom episode, our Head of Investment, Chye Hsern, is joined by Dr. Marlena, Global Head of Investment Solutions at DFA, to delve deeper into the DFA approach to managing their funds, ultimately benefiting our clients who will have peace of mind in their investment journey.You can also read more about Chye Hsern's thoughts on active investing that adds value to the client here - https://providend.com/active-investing-that-adds-value-to-the-clientMeanwhile, stay tuned for our next episode where we compare the pros and cons of investing in properties vs equities!The host of this episode, Cheng Chye Hsern, is the Head of Investment at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia. Learn more about Chye Hsern’s wealth insights here.View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

More often than not, many investors assume that once they have completed their wealth plan when they are younger, they do not need to revisit it. However, this is not a reliable approach to managing your wealth plan. As accumulators, there are numerous unexpected events for which you may not have planned. Similarly, there are concerns as retirees that you did not encounter when you were younger.In this week's Money Wisdom episode, Alvin, our Client Adviser, discusses the differences you should take note of when planning for these two different life stages so that you can develop a comprehensive wealth plan for the long term.Meanwhile, stay tuned for our next episode, where we will be joined by a very special external guest!The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

In a previous article written for The Business Times, Chris, our CEO, explained the different ways an adviser could be compensated – commission-based, fee-based, or fee-only. However, it is important to note that the different compensation methods alone do not determine if an adviser is the right one for you.In this week’s Money Wisdom episode, Chris shares the three things you should take note of when choosing the right adviser for yourself and how Providend strives to uphold these in our day-to-day processes.You can also read Chris' Business Times article here: Choosing a Wealth Adviser That Will Always Do the Right Thing for You.Meanwhile, stay tuned for our next episode, where we discuss how an accumulator or a near-retiree should plan for their wealth respectively.The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

After finding the right instrument to invest in, the next question many investors might have is whether they should invest their entire amount all at once (Lump Sum) or spread it out over a few months (Dollar Cost Averaging). There are merits to both approaches, but which one is right for you?In this episode, Zhi Han, our Client Adviser, shares the historical evidence for both methods and highlights an important factor investors should consider when deciding between the two.Meanwhile, stay tune for the next episode where Chris discusses more about his latest article on The Business Times!The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

The third quarter of 2023 has been a challenging three months, as the MSCI All Country World IMI Index and the Bloomberg Global-Aggregate, our references for equities and bonds respectively, both fell this quarter.In this week’s Money Wisdom episode, Choon Siong, our Research Analyst, shares the key catalyst of market movements and discusses the outperformance of value stocks over growth stocks.You can also read our complete market review of September here.Meanwhile, stay tuned for our next episode where Zhi Han, our Client Adviser, shares his views on lump sum investing versus dollar cost averaging.The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

Investment-Linked Policies (ILPs) have always been a heavily debated and controversial topic among investors. To make matters worse, there are multiple types of ILPs being sold, and all with varying features. At Providend, we had previously stated our stance against the use of ILPs in our clients’ portfolio. However, with the changes around the new Wealth ILPs, will this change our stance?In this week's Money Wisdom episode, Mike Zhang, our Insurance Specialist, gives an overview of the different types of ILPs and all its features, its pros and cons, and his views on whether Wealth ILPs would fit into Providend’s investment philosophy, or not.You can also hear Chris' view on ILPs in his interview with the BagHolder Pod team here.Meanwhile, stay tuned for our next episode where Choon Siong, our Research Analyst, shares how the markets had performed for quarter three of 2023.The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

Previously from other big financial institutions, Joyce and Zhi Han both coincidentally applied for an advisory role at Providend after watching this video where Christopher, our CEO, shares the reason why he left the insurance agency - Joyce Chng, our Associate Adviser, and Toh Zhi Han, our Client Adviser, both coincidentally applied for a job at Providend after watching this same video where our CEO, Christopher, shares the reason he left the insurance agency - https://www.youtube.com/watch?v=HGfDoOIACGsIn this episode, we are glad to have Joyce, our Associate Adviser, and Zhi Han, our Client Adviser, share their past working experiences in the big banks and well-known financial advisory firms – from client acquisition to the advisory and wealth planning process - versus what they are currently doing here at Providend.Meanwhile, stay tune for our next episode where we discuss one of the most complex and controversial form of insurance, Investment Linked Policies (ILPs).The host, Isaac Ong, is Associate Adviser at Providend, Singapore’s First Fee-Only Wealth Advisory Firm. View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.

At Providend, in order to help our clients achieve enough returns in the most reliable way to enable their life goals and life events, we started using the Ibbotsen-Chen Model early this year to be more robust in deriving the planning returns used for constructing our clients’ wealth plan. In this episode, Chris clarifies that these planning returns are actually not our portfolios’ target returns and that it is just a part of all the backend work we do (i.e. regular reviews of our clients’ circumstances, regular monitoring of the portfolios’ performances, a constant search for other suitable investment instruments) to give clients a better investment experience.Meanwhile, stay tune for our next episode where we invited two of our colleagues to share their past working experiences in the financial advisory industry and how it compares to working here at Providend now!You can find the original article of Why a Robust Estimate of Future Returns Is Important for Investment Planning here.The host, Nataly Ong, is Deputy Head of Brand Experience at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia.View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/ Music courtesy of ItsWatR.