Wealth and Estate Planner

Wealth and Estate Planners provide financial advice to clients on how to best manage their wealth and assets.

Wealth and Estate Planner Job Description

Analyse changes in client or market situations that may affect clients' wealth planning.

Study and revise clients' financial needs and goals for the short, medium and long run.

Recommend and advise financial products or strategies that best suit the client's needs.

Work closely with specialists in respective fields as and when required (e.g. will writing, tax filing etc.).

Note

The nature of the job requires you to mingle and interact with people - you are rarely desk-bound.

What you should know about Wealth and Estate Planner jobs in Singapore

Nature of Work

Wealth and Estate Planners manage not just housing but assets like investments, income, and insurance plans, too!

Key Advice

Being clear and concise about a client's finances is critical to becoming great Wealth & Estate Planners.

Skills you need to pursue a Wealth and Estate Planner career in Singapore

Hard Skills

Financial Planning Tools

Proficient in Financial Markets, Accounting, Risk Management and Investment products for comprehensive planning.

Advisory Skills

Ability to provide financial advice based on an individual’s financial situation, goals, and risk tolerance.

Data Analysis

Proficiency in analysing financial data to make informed decisions and provide accurate recommendations.

Soft Skills

Customer Orientation

Understands and meets the needs of clients, ensuring their satisfaction and loyalty.

Global Perspective

Awareness of global financial markets and understanding how they impact wealth management.

Influencing and Negotiation Skills

Ability to negotiate effectively with clients, ensuring mutually beneficial outcomes.

Frequently asked questions (FAQs)

What is the difference between Wealth and Estate Planners and Financial Planners?

Financial Planners focus on offering financial services, while Wealth and Estate Planners specialise in managing property and will planning.
Do Wealth and Estate Planners need a real estate certification?

No. A background in Finance will be sufficient.
What types of clients do Wealth and Estate Planners typically work with?

They typically work with a diverse range of clients, including individuals, families, high-net-worth individuals, business owners, and even charitable organisations.
Is it common for Wealth and Estate Planners to work alone or in a team?

It depends on various factors such as the size of their practice, the complexity of client cases, and personal preference.
How do Wealth and Estate Planners build relationships with their clients?

Wealth and Estate Planners communicate with their clients as it is important to build trust and maintain a strong relationship. Planners should be responsive to client inquiries, provide updates on financial matters, and establish clear channels for ongoing communication.