5 Jobs that are perfect for you if you are a people person

Did you know that Financial Advisers work with people most of the time? If their time is not spent communicating with clients, they are busy building networks and creating an online brand. So, the truth about being a Financial Adviser is that you need more than just good analytical and financial skills. If you wish to be successful in this career path, you must also have great people skills. But what defines people skills? 

A people person is someone who is skilled in interpersonal communication and enjoys working with others. This skill is highly beneficial for anyone as it helps to nurture relationships and build leadership skills. And the good news is that people skills and interpersonal communication skills can be developed over time. 

If your idea of a people person is a smooth talker and an extrovert, then you’re understanding it wrongly. A people person doesn’t necessarily have to be a social butterfly, although this can be an advantage for people who love to grow their network. They are, in fact, someone who demonstrates attentiveness and eagerness to listen to their team members, or even customers. 

They are not all talk (and no action) as they always communicate to find solutions. If you find that your strength lies in interpersonal communication, and you feel that you relate deeply with the skills of a people person, then these jobs may be suitable for you…

Jobs that may suit you if you are a people person

1) Teacher

Being a teacher means having to share your knowledge with other people. In some ways, you may even impact the lives of others. But most importantly, if you wish to become a teacher, you must love educating students and interacting with different types of people. This job requires you to be patient, understanding, and motivating—all are wonderful skills that best describe a people person.

2) Public Relation Officer and HR

As a PR officer, you must know how to communicate messages to the target audience and manage client reputation. You must have the skills to curate the perfect message across different media and communication platforms. An HR, on the other hand, must know how to oversee basic activities concerning the employees, such as hiring new staff and training them. Although these two jobs are not the same, they both require excellent communication and people skills.

3) Social Worker

As a social worker, you will have to work with different types of people to provide help, advice, and support. To identify those who need help, you will need to know how to assess people and discover their needs and find solutions to address those needs. Social workers are expected to be calm, empathetic, and great at making other people feel safe and protected.

4) Journalist

To investigate, analyse, and report news events, journalists must know how to communicate with a lot of people. From dealing with PRs, talking to passersby, to speaking with politicians, they are required to have excellent communication and people skills. They also need to know the best way to convey information to the masses, be it through verbal or written communication. This job is certainly challenging, but it would be a fun challenge for all the people persons!

5) Financial Adviser

Last but not least, becoming a Financial Adviser. As mentioned before, Financial Advisers spend most of their time working one-on-one with their clients. Therefore, they need to know how to adjust their communication style to follow that of their client’s to ensure that all parties are on the same page during strategy meetings. Advisers are also expected to exude empathy, especially when they need to show support to clients. All in all, a career as a Financial Adviser requires so much more than just financial skills, you must also master how to effectively communicate and work with other people.

So, what do you think? Are you interested in any of the jobs mentioned above? If you are a people person who LOVES to help people achieve financial success, be a part of our team here at KWO! Here’s something that you would definitely like about this job—no two days working as a Financial Adviser is the same. There are plenty of opportunities for you to grow and plenty more people for you to engage with!

If you seek a promising career with a work-life balance, join us today!

Mother’s Day Special: "I have a job that gives me the best of both worlds"

How many of us mothers dream of having the perfect career? A career that allows us to constantly work without worrying about our family and our children at home—a career that gives us flexibility and allows us to juggle between work and family. For many, this sounds like a pipe dream, but for Evelyn Yee—this is her reality. 

As we all know, being a mum is no easy task, which is why at KWO, we value our working mothers. To read our previous article on what it is like to be a working mum, click here. This Mother’s Day, we decided to feature another one of our working mothers, Evelyn Yee, on her journey as a loving mother of two and a dedicated financial adviser. 

What is it like to be a supermum to your kids?

Hi, Evelyn! Would you care to introduce yourself to the readers? How long have you been working as a financial adviser?

Hi there, I have been a Financial Planner with AXA Insurance for about three years now. And you can call me Eve!

Alright Eve, our first question would be, do your children know what it is that you do for a living and have they ever showed any interest in your work?

My eldest daughter is only four and a half years old, so I don’t think she knows what I do exactly. But my kids do show their interest in my work. For instance, they are curious whenever I have video calls and will ask me who am I talking to. And sometimes, they even participate in those calls. They even observe me when I work on my laptop and imitate my actions! They will go “Mummy, look! I’m also working on my computer!”.

Based on your three years of experience in this field, do you think your career allows you to spend a lot of time with your children?

Yes, financial planning, like all self-owned businesses, gives us great power over our time. Since I have the flexibility to control my schedule, I get to plan my time for my family. But of course, with great power comes great responsibility. Although it’s true that I have flexibility over my time, I also need to be disciplined to ensure that there is a balance between work and family time.

In what other way does a career as a financial adviser benefit you as a mum?

What I learn in my course of work helps me in better planning for my family finances. I always believe that the fundamentals of growing our wealth lie in how we manage our existing resources—tracking our expenses and so on. Then, from what we have, we can create savings and ultimately build wealth. I use this knowledge for myself. And based on my personal experience, I advise my clients of this “tried, tested and proven effective” method.

What has your job as a financial adviser given you that no other jobs could today? 

Like I mentioned before—time. Time is very important when you become a parent, everything that you need to do requires time. And my job gives me exactly that. While other parents have to wait until the weekends to take their children out to watch a movie, I have the option to do that over the weekdays! It’s very convenient!

Are there any ways that your career as a financial adviser has come to be beneficial to your children as well? If yes, are they aware of it?

Yes, in the sense that I can better plan for their future as compared to before I became a financial adviser. Now, I am exposed to more options and resources that allow me to better protect their future. However… my kids are too young to understand this at the moment. When they are older, I believe this career will help me guide them on the importance of starting financial planning early.

Last question for you, how would you recommend this job to other mums looking to get a job with a work-life balance?

If you are looking to take back control of your own time, enjoy a healthy work-life balance, have an interest to help other families and would love to work towards financial independence yourself, this job is perfect for you!

So, what do you think? Does a career as a financial adviser answer your questions about finding the perfect job? Eve has proven that for a mother to be working, she does not have to choose between her work and her family. Instead, she gets to prioritise both!

If like Eve, you, too, would like to embark on a career in helping others that promises work-life balance, our team at KWO would love to have you here! And if you have no prior experience in the financial services industry, do not worry. Our team of seasoned financial advisers will guide you and provide you with the right marketing support. To get started, click here and we will get in touch with you shortly.

How to identify a positive work environment?

A positive work environment is something we should all strive for in our professional lives. Whether you’re a fresh grad or a senior executive, a positive work space that is rooted in a system that aligns with your needs are imperative to your well-being.

But what are the criteria for a positive work environment? How can we accurately measure the substance of a company’s work culture? This may differ from person to person but ultimately, there are 5 general factors that reflect an organisation’s morale and daily practices.

5 Factors that reflect a positive work environment

Inclusive work environment

If you set foot into an organisation where the common theme is the race or gender of its employees, it shows that the organisation does not put much value into diversity, this should immediately set off alarm bells. A positive working culture welcomes all walks of life and seeks diversity in the hiring process. This should be reflected in the teams and management you interact with. An inclusive work environment omits the chances of discrimination, politics, unfair treatments and feelings of isolation. Instead, it will foster a sense of empowerment and support amongst its members. You should always strive for a job that is centered around genuine acceptance.

Clear goals for employees

The vision and mission statement of the company should be transparent, achievable and understandable across the board. It has to be effectively articulated to all channels within the company and executed with a clear strategy in mind. It is well-organised and well-communicated to all external stakeholders as well as the public too. A positive working environment ensures every employee shares a common vision to omit misunderstanding, miscommunication and conflict of interests. If there are any issues that arise, you should be able to use the goals of the company as a point of reference to get back on track.

Clear organisational values

A positive working environment entails values that are agreeable to every employee. These values should be evident in the company’s mission, and it shows in all forms of internal and external communication. This is extremely important as it lays the foundation of good communication, cooperation and chemistry amongst all working departments. Without clear organisational values, the direction of where the company is headed will be up in the air. This will lead to poor conflict management, a weak brand image and a lack of teamwork will follow. Strong company values will not only help employees navigate tough times, it will help the public recognise the company’s presence.

Transparent work structure

All employees should be kept in the loop of all the whats, wheres, whys, whens and hows within the company. A positive working environment that values the overall well-being of its employees will cultivate transparency in communication and work structure. This will ensure every team member feels acknowledged in their position and the direction of the company is known to everyone. If there are vague or uncertain messages that travel from the top to the bottom of an organisation’s chain, it will create an atmosphere of uncertainties coupled with a lack of trust amongst the team. This might lead employees to form a “every man for himself” mentality, which could lead to feelings of resentment and fear.

There is room for professional growth

Job satisfaction is often found attached to professional growth, job advancement and opportunities for one to up-skill their talents. Employers that allocate a certain time, budget and resources for the growth of their employees will form better working relationships. It will show employees that their commitment to the company is valued and rewarded. When a company fails to validate its employees’ desire for professional development, it will fail to foster a strong sense of care, culture and community. This may cause the company to be unable to retain its employees for a long period of time.

If you are currently seeking a career anchored in a positive working environment, consider a career as a professional financial adviser with us. At KWO, we value all the factors discussed in this post. We make it our job to ensure that all employees are well taken care of. Enjoy a fulfilling career that is grounded in a positive working environment, flexible working hours and amazing work-life balance. Join us today!

Planning to make a mid-career switch? Here are 5 things to consider

The thought of changing your career always brings uncertainty and anxiety. “Should I leave my well-paid job during an economic recession? What if I need to start from scratch?”—these thoughts loomed over the mind of mid-career changers, instilling hesitation and fear. Unlike the young people in their 20s who can get back up after a fall with no serious repercussions, mid-career changers have far more responsibilities and far heavier consequences to bear.

The mounting cost of education for your children, healthcare of your elderly parents and the burden of paying off the loans and mortgages; it is a scary thought to leave the comfort of your well-paying job for the sake of change. But what if you are tired of your current job? The corporate politics and toxic work culture, you have seen it all. You desire for new challenges and a new conducive environment that will make you happy. Perhaps, now is the perfect time to seek change. The question is, are you prepared?

What are the things you should consider before making a mid-career switch?

Be financially prepared

Ideally, you should save up at least 6 months of expenses before you go job hunting. Additionally, a new career would often mean you have to start from the bottom and work your way up again, a reset if you will. However, if you think the career of your dreams is worth the salary trade-off and it makes you happy, you will need to readjust your lifestyle and expenses. Oftentimes, this would mean you need to reassess your financial responsibilities—from your child’s tuition fees, household expenses or the luxury family vacation you have planned. It is important to have a transparent and honest discussion with your spouse and family on the impact of your career change.

What do you want from your new career

Perhaps the first question that pops up in your mind, “What can your new career offer you that your pre-existing one could not?” Is it the company culture and values that you are personally aligned with? The flexible working hours instead of the typical 9 to 5 job? Or is it the fact that you want to have the creative freedom to explore intriguing ideas? Regardless of the reasons, you should properly plan ahead where you see yourself in the next few years and evaluate whether it’s worth switching to a new career. Do your research and talk with industry professionals to get a better insight. You might be pleasantly surprised to know that your dream job might not be what you envisioned after all.

Do you have the relevant skills for your new career?

If you desire a career unrelated to your field of expertise, you might need to invest some time into attaining a degree or taking online courses for the relevant industry. For one, rather than just stating very general skills you have on your resume, change your strategy and learn new skills that you can make use of in the new job. This not only provides you with relevant knowledge, but it will also signal to employers that you are serious about your career switch despite your lack of experience in the industry. In other words, you are making a statement that you are worth their investment. If you are eager to switch into a new career that is drastically different from your current one, it is recommended to take online courses such as Skillsfuture and Coursera.

How much are you willing to sacrifice for your new career

We briefly mentioned that finding a new job will mean lowering salary expectations. This can feel like a frustrating step backwards and would force you and your family to make all kinds of uncomfortable adjustments. What is important is to be able to accept that these “downgrades” are contributing to your desire and passion for your new career. Arguably, that could also mean you are spending more of your time to build up networking and making new connections with people in your industry and less time for yourself or your loved ones. It is crucial to ask yourself, “How far am I willing to make the career of my dreams work and is it worth it?”

Update your resume

The career you desire is within your sight. The question is, how would you snag it before others do? When was the last time you updated your resume? Are the skills listed relevant to the industry you want to work in? Ensure that every achievement and accomplishment you achieve throughout your career is listed; adding value to your resume is the best way to sell yourself to your employers. Besides, the resume helps recruiters to understand how they can transfer the skill sets you have obtained from your previous job into your new one.

A mid-career switch is a terrifying thought, and many are afraid to take the first step despite being unhappy with their current job. At KWO, we believe in taking the leap of faith if it means we get to work in an environment where we feel appreciated and valued. If you seek a meaningful career that has a wonderful company culture, flexible working hours and allows you to be in charge of your future, come and join us today!

Here’s how you can thrive in your first year as a financial adviser in Singapore

Starting out in your first year in any career is always difficult—the rookie mistakes, the fear and anxiety over how well you can perform compared to your peers can be daunting. Regardless of the industry or the line of work you are in, thriving in your first year will surely put you on the path to success.

Thomas Tan from KWO started his career as a financial adviser 4 years ago. In his previous career, he was an engineering sales manager for a corporate company. There were many challenges and hurdles he faced as a rookie agent, but he managed to persevere and became the successful adviser he is today. In fact, he would like to share his success story with us by giving tips on how financial advisers who have no experience can thrive during their first year.

Stay determined and never give up

During his first year as a financial adviser, Thomas received many rejections from all sides. Although some of his friends were encouraging, some were absolutely convinced that he would not make it as a financial adviser and even distanced themselves from him. But he never wavered, he learned how to handle rejections and to perceive it as rooms for improvement. Despite the pushback from his friends and clients who shunned him away, he knew that if he worked hard and stayed determined to the very end, he would come out on top. In his words, “Don't compare yourself with others. Just be a better version of yourself compared to yesterday.”

Keep yourself motivated

Motivation is a powerful driving force, it pushes you to perform your very best to achieve the goals you desire. For Thomas, his main motivation is his family. As a father and a husband, the fear of not being able to provide for his family motivates him to overcome the trials and tribulations. In addition, he is also motivated by the mere satisfaction of building up close relationships with his clients and becoming friends with them in the process. The earnest and genuine relationship built over trust and confidence are something that Thomas holds dear to. It further drives him to provide the best quality services for his clients. He advises beginners to find something that motivates them to do their very best—something that is worth pushing themselves over the limit.

Listen to your mentors

“First-year financial advisers should have an open mind and listen to their mentors and managers,” Thomas says. He emphasised that the learning curve to becoming an adviser is steep and the skills needed in the industry are always changing. Beginners should be willing to change their mindset and listen to their mentor’s advice in order to learn from their mistakes and never repeat them.

Enhance your calling and networking skills

“If I could have done something differently back then, it would be to enhance my calling and networking skills.” Thomas stressed that as financial advisers, they have to constantly stay in touch with their existing clients but also branch out to attract new ones. One advice he would give to rookie advisers is to make calling and networking part of their daily routine to increase their chance of getting prospects. He stated that it is difficult for rookie agents to find clients compared to established and seasoned financial advisers who already made a name for themselves in the industry, hence the need for networking and building their network in their first year.

Have the passion to learn

Financial advisers do not just sell insurance plans and policies, they are a group of professionals who are held accountable to their clients’ financial health. Thomas states that first-year financial advisers should constantly upskill themselves and have the passion to learn. The industry is constantly changing with technology and market trends and skills such as good communication and negotiating skills are essential in this industry. Regardless of their experience or expertise, financial advisers should always stay up to date with the latest news in the financial industry and pick up new skills to expand their field of expertise. Thomas’s final advice? “Don’t stop learning, that’s my advice.”

It is not easy being a financial adviser during the first year. The road to success is an arduous and difficult one. Without proper guidance, it can be really difficult for new and inexperienced advisers to get off to a good start.

At KWO, we have mentors who will show you the ropes as you begin your career as a financial adviser. We will provide you with marketing support and offer you guidance in order to help you thrive in your first year into the business. If you are interested to discover your full potential with KWO, come and join us now!

 

5 Tips to make the most out of your career in your 20s

“You are in your 20’s! Go out there and take risks, the world is your oyster!” is a common (and sound) advice from the older generation. For many young millennials and fresh graduates, they stand at a career crossroad as most of them do not know what they want. Of course, not everyone got it all figured out when they first started their careers but it is important for you to make certain life-changing decisions when you are still young. We have listed 5 important career moves you should make while you are still at a tender age and vibrant.

5 career moves to make in your 20s

Take risks

Perhaps this is the most common advice you will ever hear from the veterans. In your early to late 20s, you will have fewer responsibilities. Many 20-year-olds have not settled down yet or have a family to take care of. While you will still pay for rent and buy groceries, you do not have much responsibility to bear. Simply put, if you are caught in a blunder, it will only affect you and no other.

But on the other hand, taking risks encourages active learning. You learn from your mistakes, and you can get back up and recover from it quickly. Playing around your comfort zone would only take you so far as there is little to no room for growth if you pigeonhole yourself. The idea is to be brave and try to explore intriguing ideas you are passionate about. Remember: no risk, no reward.

Networking

“It’s not what you know, it’s who you know” is an all too familiar phrase. Networking helps you make connections with people you need to know. Professional connections are valuable resources to tap into as it is your bridge to building more opportunities in the future. The hardest part of networking is maintaining the relationship itself. It takes a lot of time and effort to stay connected with your connections, something which at the tender age of 20 you have plenty to spare. Take the opportunity to build connections with influential people and communicate with them frequently. Although some connections may not seem beneficial right now, they might benefit you in the future—10-20 years from now. Online networking sites such as LinkedIn is a fantastic platform to meet industry professionals who are also looking to build connections and networks with others. Use this opportunity to seize your chance and expand your professional circle!

Build your brand

Building your brand at a young age is the greatest investment you could ever make because you have full control over how you want to build your brand. While you may not stay in the same company for long, your experience and credibility in the industry would always stay with you. Understandably, you lack the experience in your 20s, but you can always take small steps to build up your branding. Whether it means staying active on social media, becoming an avid article writer or volunteering for noble causes, your dedication to your trade will be noticed by your prospects and colleagues.

Building your brand at a young age would also help boost your chance of success in job hunting as well. A resume or a CV can only fit so much, but your brand can help your recruiters get a better understanding of your values, experiences and your field of expertise. In other words, your brand adds value to you as an individual.

Of course, we are just scratching the surface. There are multiple benefits to building a personal brand. And if you can start at a young age, you can reap your rewards earlier.

Learn new skills

The reality is, the skills and knowledge you learned in school and university are not enough. Statistics show more than half of Singaporeans do not work in jobs related to their field of studies. In your 20s, you have an abundance of free time and you should utilise it to learn new skill sets. Take online classes such as SkillsFuture or workshop opportunities if your company provides them. The world is always changing and jobholders are expected to constantly upskill themselves with relevant skills to face future challenges such as globalisation and the rapid growth of technology.

This is the perfect time for you to learn new skills that are not relevant to your field of studies in order to diversify yourself in the future.

Seek mentorship

We all need guidance in our lives. A mentor helps us to grow professionally and personally by showing us the ropes, and the necessary skills that we need to learn. With honest and constructive criticism, mentors can motivate you to do your best. If you are in your 20s, it is highly recommended for you to start seeking a mentor who can guide you now. Ideally, search for experienced souls who practise in the same industry and field as you. Be it a friend, teacher or a stranger on LinkedIn, seek guidance from those before you to get a better idea on your career paths. They will show you the road to success but you have to do your part and put in the effort to walk through it.

You have reached the age where every decision you make can change your future outlook for better or for worse. Do not be afraid to take risks and seek change, it is all part of the learning process.

Ken Wee Organisation (KWO) is a financial advisory firm whose goal is to provide life policies to protect others from unfortunate life events that will otherwise impact their dreams of a successful career. At KWO, our financial advisers are also great mentors with years of experience in the financial services industry. They will see to it that you receive guidance and assistance as you begin your journey as a financial adviser. If you seek a meaningful career that will satisfy your hunger for growth and passion for good, come and join us now!

7 Telltale signs that you need a career change

Do you feel drained from working in the same office every day? Are you counting down the days to the weekend on Monday mornings? Have you ever wondered if your job is the right one for you? If your answer to all of them is a resounding ‘yes’, then perhaps it is time for a career change.

Before you make any rash decisions, how would you know if your career is the root cause of the problems stated above? What if there are other external reasons unrelated to your work? If you are unsure, don’t worry, we have compiled for you 7 signs you should look out for to help you decide whether you need a career change.

You felt like you experienced it all

Initially, when you first joined the organisation, you felt that every day is different, fresh and exciting. Fast forward a few years and those feelings slowly waned. Your role starts to feel like a routine and instead of facing unique challenges that help you grow, you are now facing boring and mundane tasks. Your job no longer excites you anymore because you feel like you have seen it all and that there is no more room for improvement or growth. Perhaps, the solution is to move on to another job or another line of work.

It is affecting your personal life

We all know that work could be challenging and it could take a toll on your body. If you have constant migraines, insomnia or are feeling miserable in general, perhaps, it is your body’s way of telling you that this job is not right for you.

The worst part is, those negative effects of work can influence your personal life and even hurt your relationship with your loved ones. Have your friends and family commented on how stressed and irritated you look after work? Do you lash out at them because of how stressed you are? If your work is turning you into a bitter person, you should start exploring activities that will make you feel like yourself again or you could simply change your job.

Your company’s values are no longer the same as yours

Things change over time—the market, the company’s values and more importantly, the people. When it comes to making decisions, the company's core values play a crucial part in the decision-making process. If you find yourself constantly disagreeing with the overall company direction, or your new boss's decisions are contrary to what you believe in, it is time to move on to another company who share the same beliefs and values as you. There is no point in staying at a company that you cannot wholeheartedly support as that would lead to underperformance and conflict from both sides. It can really hammer on your conscience to work for something that you do not believe in or you think is wrong. After all, life is not worth living if we can’t be true to ourselves.

You are eyeing another job

Have you ever stumbled upon a job that piques your interest? Maybe the job offers plenty of benefits or perhaps it provides flexible working hours, but regardless of the reasons, do you often ponder what it would be like to land another job? If you feel motivated or excited just by having that thought, it is a very good indicator that the job in mind might be more suitable than the job you have now.

The pay does not even out the bad

The pay is good and you could afford all the materialistic things you want but you do not have any sense of fulfilment and happiness from how you get your money. Most of us have jobs we do not necessarily like to make a living or to make ends meet, but if your satisfactory paycheck does not justify the reason to keep on staying, then that is a very clear sign that you should change your career.

You do not feel appreciated for your hard work

Doing a great job when there is no one to appreciate it, sucks. And that is not to say that we all need to receive praise and attention 24/7. What everyone needs is to get a pat on the back every now and then, and there is nothing wrong with that. Similar to a relationship, if you do not get affection or attention from your significant other, you will question yourself whether you are truly loved or valued.

Not only is it demoralising when you receive no appreciation for your good effort, but it can also be demotivating as you have no way of knowing whether or not you have done a good job. If your boss is not willing to appreciate what you have done for the company, the chances of you getting promoted are going to be low as well. So, go out there and find a job that appreciates the work you have contributed to the company.

You’re doubting yourself

Do you feel good when you are doing your job? Are you satisfied with the results you created or are you just scraping by? If you are beginning to doubt yourself and the work that you do, then you would need to make some changes in the type of working environment you want. Simply put, there is no merit in staying in a job that makes you doubt your self-worth, capabilities and working performance. A good career should boost your confidence and self-esteem, not the other way around.

Are you searching for a new meaningful career that makes you feel content and happy? At KWO, our mission is to educate and help people get protected financially, and we aim to reach out to many more. If you also have a passion for people, come join us today and give your career a whole new purpose!

 

Top 7 skills employers are looking for in 2021

Recruitment, as we know it, has changed. With companies conducting more virtual interviews, it has shattered the barrier that is mobility and accessibility between employers and employees. With a wider range of candidate pools from all over the world, this has allowed companies to remain competitive and snap up the best talents in the market. In general, most employers look for candidates with backgrounds in verbal communication and who are tech-savvy as we are paving the way to the fourth industrial revolution. This demand was further accelerated by the pandemic which has caused us to be more reliant on digitalisation and technology such as virtual communication, online deliveries, and social media for entertainment, among others. So, what are the skills that are in high demand this 2021? Well, we have compiled a list of 7 highly sought-after skills that current employers are looking for in a candidate.

 

7 Skills that are in high demand

Blockchain Technology

Blockchain is a system of recording information that makes it difficult or impossible to change, hack, or cheat the system. It is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. It stores, validates, authorises, and moves data across the internet to securely store and send any digital asset. Many companies have started to integrate blockchain into their business model, but with only a handful of professionals who have this skill. So, it is to no surprise that this skill is in high demand.

Cloud Computing

Cloud computing delivers different services through the internet such as data storage, collaboration and networking, among many others. What makes cloud computing services so highly sought-after by businesses and companies alike is its ability to store data and files to a remote database, rather than being tied to the local storage of one electronic device. As long as an electronic device has access to the web, it has access to the data and the software programs to run it. Cloud computing benefits businesses by saving time and money, and it does so by boosting productivity, improving collaboration, and promoting innovation. With cloud computing becoming more and more popular, employers are on a lookout for talented cloud computing engineers and experts.

Teamwork

Regardless of any industry, effective teamwork is an essential aspect of an organisation’s success. In a large company where both large- and small-scale projects require teamwork, employees need to be able to work with one another under a positive environment. Different individual skill sets can be utilised together, and a sense of trust and solidarity between employees would promote better performance at work. Employers are actively searching for team players who can work with anyone and deliver great results.

Cybersecurity

The pandemic has forced many companies to focus their assets on IT projects, maximising and optimising their online presence. According to a CNA report, cybercrime cases jumped by more than 50 per cent last year, accounting for more than a quarter of all crimes committed in the country. This development has led to companies prioritising cybersecurity and even hiking up the salary of cybersecurity experts in Singapore. With many companies shifting to cloud computing, it is essential for cybersecurity professionals to test the platform for any vulnerabilities and faulty blindspots.

Sales

Companies would still need great salespeople even during the pandemic. In fact, companies are looking for talents who can manage a sales team to adapt to the ever-evolving Covid-19 situation. The increased use in e-commerce and online retailing brought by the Circuit Breaker has led marketers to come up with ingenious methods to connect with their customers while raking in the revenue. Companies are looking for salespeople who are creative, innovative and have excellent social skills.

Communication

Clear and effective communication has never been more relevant in a world filled with misinformation and fear. With so many companies operating remotely, good communication skills are crucial where clear and accurate information is highly valued. The ability to connect with clients is crucial, even in a world where AI is slowly taking over, as the warm tone, eye contact and subtle body movements from humans can never be replaced.

Negotiation

The ability to come to an agreement by both parties without resolving to conflict or bad blood is crucial in any business. A good negotiator has full control over their emotional intelligence, pays attention to body language and is strong-willed. A win-win negotiation where a deal makes everyone happy and satisfied is not easy but this is exactly what a good negotiator does. Companies are actively looking for salespeople who can strike a deal with clients or prospects and come up with a solution that benefits the organisation.

Job hunting during the age of Covid has indeed presented its challenges. But if you are willing to learn and have an unwavering spirit, opportunities would eventually open up to you. At KWO, we always welcome those who are constantly looking to improve themselves. If you are looking for a fulfilling career that focuses on making others’ lives better, join KWO to satisfy your hunger for growth today!

All you need to know about MDRT

You have probably heard the term “MDRT” being thrown around by financial advisers all the time. Those who are qualified members of MDRT would proudly tell their prospects and clients of their achievements as if they won some prestigious award. But is it really that noteworthy and impressive to win the MDRT award? What does MDRT actually mean?

What is MDRT?

Image source: MDRT Singapore Facebook Page

Founded in 1927, MDRT (Million Dollar Round Table) is a global and independent association consisting of more than 72,000 members in 70 nations and territories from more than 500 of the world’s leading companies. The organisation recognises insurance and investment financial services professionals/advisers who have served their clients by exemplary performance and the highest standards of ethics, knowledge, service and productivity.

What does it mean to be a member of the MDRT?

For many financial advisers, being a member of the MDRT is solid evidence that you are highly qualified in your field and a top achiever among the rest of your peers. However, being a member of the MDRT is not just about the reputation boost. All members are recognised to be highly ethical and accountable, and they are held to the strict MDRT Code of Ethics. Similar to doctors and lawyers in that regard, they are held responsible for their clients’ financial health and must perform the highest standards set by the industry. Also, MDRT members receive substantial benefits such as:

They can meet and socialise with peers from other countries, expanding their networking and social circle with other qualified financial advisers from around the world.

MDRT’s bimonthly publication zeroes in on the latest trends and opportunities specific to the financial services industry, allowing MDRT members to overcome challenges to optimise their success.

Members have full access to online educational materials that provide a range of useful resources such as educational content, videos, MDRT podcasts, manuscripts from past MDRT meetings and many more.

MDRT members can attend the annual meetings where members from all over the world share their ideas and experiences. Talks from industry experts would give members insights on personal and professional advice.

How to qualify for an MDRT?

As you can tell, achieving MDRT membership is not an easy feat. To be eligible for MDRT, they would need to hit a certain level of premiums, commissions, or income for that year. The requirements vary from each year and the conversion rates are also different for each country. As an example, let us look at the requirements to be an MDRT member in 2021.

Qualifier  Member Court of the table Top of the table
Commission  S$69,990 S$209,700 S$419,400
Income S$121,000 S$363,000 S$726,000
Premium S$209,700 S$629,100 S$1,258,200

You will notice the two extra columns next to the standard MDRT member requirement. Court of the Table and Top of the Table are exclusive membership given to those who can achieve 3 or 6 times of the minimum requirement of an MDRT member respectively. The levels are evaluated every year to ensure the level of exclusivity associated with the membership. However, as mentioned before, members must also adhere to strict ethical standards set by the organisation to qualify for the membership.

An important piece of information to note is that MDRT membership only lasts for one year. Members must apply every year to maintain an active membership or else you risk termination. For the first 10 years of membership, you are considered a Qualifying member. If you are approved for the 10th year of membership, you will be considered a Qualifying and Life member. The status of your membership is maintained by applying each year accompanied by a certifying letter that you have met the minimum requirement.

Achieving the title of MDRT is every financial adviser’s dream as it gives them credibility and presents opportunities for their professional and personal growth. Of course, like anything in the world, the amount of benefits you can reap depends on how much you sow in the first place.

At KWO, some of our financial advisers are longtime MDRT achievers with up to 7 to 10 consecutive years of achievement. As they continue to grow both personally and professionally, you, too, will grow with them because at KWO, we strive to assist each other in reaching our full potential. These are the mentors you will have access to when you join KWO and if you desire an altruistic organisation that will help you grow to reach your full potential, come and join us now!

A simple guide on how to become a financial adviser in Singapore

In Singapore, financial advisers are licensed and regulated by the Monetary Authority of Singapore (MAS) under the Financial Advisers Act (FAA). If you were to carry out any financial advisory services, the minimum requirements are set out by MAS.

So, let us clear up some confusion. Appointed representatives (AR) are agents that carry out regulated activities on behalf of the company, while financial adviser refers to the entity—an insurance company or financial advisory firm that is licensed to provide services such as advising on investment and insurance products, issuance of research reports covering investment products, marketing of any collective investment schemes, as well as arranging life policies for others. ARs are appointed by a financial adviser to carry out regulated activities on behalf of them, while financial advisers are already certified to do the regulated activities.

Of course, you cannot just walk into a financial advisory firm and demand a job without having the necessary qualifications. In 2002, MAS introduced a licensing framework known as the Capital Markets and Financial Advisory Services Examination (CMFAS Exam).

Advisers who wish to be employed by the financial advisory firms to carry out advisory services are required to pass the requisite CMFAS modules and meet a set of basic criteria. These criteria include:

– Rules and Regulations for Financial Advisory Services (M5),

– Securities Products and Analysis (M6)

– Collective Investment Schemes (M8)

– Life Insurance and Investment-Linked Policies (M9)

– Life Insurance and Investment-Linked Policies II (M9A)

Once you have met the requirements above, candidates must lodge a notification with the Monetary Authority of Singapore (MAS) before they can carry out regulated activities under a financial advisory firm. Once that is done, voilà, you are now a certified financial adviser! However, that is not all. If you wish to be the best of the best, you can upgrade your skillset through taking exams.

Professional certifications like CFP (Certified Financial Planner) and CHFC (Chartered Financial Consultant) are optional but are highly pursued by many financial advisers. This is because you will be equipped with relevant technical skills to address the wide spectrum of areas within financial planning. It also holds practitioners to a high standard of conduct and ethics while carrying out their business. The CFP certification, in particular, is a globally recognised certification that is held in high esteem throughout the industry and amongst knowledgeable clients. Therefore, it is probably in your best interest to pursue it if you wish to cover a wide range of products and clients.

As you can tell, the process of joining the financial services industry in Singapore is fairly simple as there are only 3 licensing exams that you need to pass. And if you are reading this article, chances are that you might be interested in becoming a financial adviser yourself. Lucky for you because we need people like you. Can’t wait to start making a significant impact on the lives of others and meet people from all walks of life? Come and embark this journey with us!