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Ever wonder how financial advisers get compensated? This is a question that people are keen to ask but never really did because of basic social etiquette. In this article, we will introduce you to the different ways to get paid as a financial adviser in Singapore. No frills.

As a starter, an average adviser earns around $36k to $60k a year. Depending on their performance, outstanding advisers can easily earn a six-digit yearly salary. Meanwhile, those at the top can get up to a million (or more) especially when they venture into leadership and start their own agency. With almost all products offering a recurring commission, these commissions can build up over the years. This significant passive income component offers a massive amount of security during trouble times like now. 

However, before you jump the gun and quit your current job to pursue this career full-time, you must first meet these requirements:

  1. Minimum 21 years of age.
  2. Have at least
    • GCE ‘A’ Level certificate with three H2 passes and two H1 passes;
    • Or an International Baccalaureate (IB) diploma;
    • Or a polytechnic diploma; or equivalent academic qualifications.
  3. Have sat for and passed modules 5, 9, 9A and Health Insurance from the Capital Markets and Financial Advisory Services (CMFAS) Exam.

Other than the requirements mentioned above, you also need to fulfil continuing professional development requirements every year. In Singapore, financial practitioners are regulated by the Monetary Authority of Singapore (MAS).

Now here’s the exciting part—How do financial advisers get paid? There are essentially 4 remuneration models, including:


When we say a job with virtually unlimited earnings, we mean that however much you earn is totally up to you. Financial advisers are either fee-based, commission-based or both. In other words, our incomes are generated from the products we sold or recurring revenue each year. In fact, most life insurance products have recurring commissions that last up to several years, but there are also products that have only a one-time commission.


If an office job doesn’t speak to you, working as a financial adviser might. Once you have established a client base, you have the opportunity to schedule client meetings following your personal calendar and eventually work less than a full 40-hour week. This is perhaps why many people are interested in switching to this career—the flexible working hours and thus, more work-life balance. Besides, there are other perks such as yearly overseas trips to Europe and USA, vouchers, iPads and many more from the company’s internal campaigns.


Depending on your company, you could possibly enjoy bonus payments based on your commissions. Some organisations offer bonuses based on sales that had been closed for the year as well as previous years accumulated. This is to reward employees for all their contributions to the company. However, unless stated in the employment contract, bonus payments are not compulsory.

Monthly Allowances

New financial planners also get to enjoy monthly allowances with very low terms and conditions. In order to get a monthly allowance, you need to first reach a minimum target. For instance, upon reaching $9,600 worth of premium per month, you can choose from 3 different “packages” of monthly allowances starting from $1,500 per month. If you dare to dream big and take on a more challenging route, you can even get up to $8,000 of monthly allowances.

Then again, different companies have different things to offer. At KWO, we are going to support you with the initial start-up fund to establish a healthy customer base, and offer you marketing and branding support from our marketing team. Since we represent AXA, you will also get to enjoy all the benefits that AXA has to offer such as special grants, medical benefits for you and your family, enhanced business support with special business allowances, and continuous learning and development opportunities.

You can become one of us now by clicking here.

Have questions about the remuneration model at KWO? Reach out to us now to find out more!