"When you say people get free advice here, I laughed because in the end when you think about how this world works, nobody works for free. So you are paying for what you are getting somehow.

And in my mind, if you’re specifically paying for advice, to me, it’s a much more transparent set up than getting free advice or freebies packaged in some other ways that I don’t fully know. I’m less comfortable with that.”

In this episode, Head of Investment Research at Dimensional Fund Advisors, Dr Wei Dai, shares her concerns towards “free advice” and key considerations when finding a suitable wealth adviser, especially as an expert in her field.

Meanwhile, stay tune for the next episode where Chris discusses more about his latest article on The Business Times!

The host, Christopher Tan, is Chief Executive Officer of Providend, Singapore’s first fee-only wealth advisory firm and author of the book “Money Wisdom: Simple Truths for Financial Wellness”.

View the full list of podcast episodes published: https://providend.com/providends-money-wisdom-podcast-season-2/

Music courtesy of ItsWatR.