S1E125: How to combat obsolete wealth management models: BT Money Hacks (Ep 125)

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. Which wealth management models are outdated and how can the mass affluent ‘move with the times’ and get the proper advice we deserve? Correspondent Howie Lim speaks to Adam Reynolds, CEO, Saxo Markets Singapore to find out. Highlights of the conversation:  01:29 Which wealth management models are obsolete? 04:21 Why an individualised plan is important 05:16 How feasible the ‘individualised’ model is 08:08 Drawbacks of robo advisors 09:55 Outlook for 2H 2022 Produced by: Howie Lim ([email protected]) and Claressa Monteiro Edited by: Howie Lim Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on: Channel: https://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe  Spotify: http://bt.sg/oeGN  Google podcasts: http://bt.sg/oeGP  Website: https://bt.sg/moneyhacks Feedback to: [email protected] Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Mark To Market Podcast at: http://bt.sg/btmark2mkt WealthBT at: http://bt.sg/btwealthbt PropertyBT at: https://bt.sg/btpropertybt BT Market Focus: http://bt.sg/btmktfocus BT Podcasts at: https://bt.sg/pcOM   --- For more on personal finance, go to: bt.sg/moneyplaybookSee omnystudio.com/listener for privacy information.