As Asia’s leading fee-only wealth advisory firm, we understand the challenges faced by business owners who are focused on growing their enterprises and may not have had the chance to develop a comprehensive business exit and succession plan. In this week’s Money Wisdom episode, Isaac interviews Jerome Song, Associate Director of Business Exit at Providend, about the critical aspects of a successful succession plan, including preparing future leaders and retaining top talent during what can be a ...
Sep 09, 2024•24 min•Season 3Ep. 18
Being a trusted adviser to our affluent clients for over two decades, our Founder and CEO, Christopher, encourages us to think beyond the financial aspects of retirement, considering the emotional and psychological readiness that is often overlooked. In this week’s Money Wisdom episode, our co-host Amelia from the Brand Experience Team digs deeper into this topic with Chris, discussing the importance of having a strong community of friends during retirement, the hardest thing for him to let go o...
Aug 26, 2024•25 min•Season 3Ep. 17
As the leading fee-only wealth advisory firm in Asia, we understand the challenges faced by our clients who are business owners with a lot on their minds to grow their businesses and may not have had the chance to think through a business exit and succession plan. In this week’s Money Wisdom episode, our co-host Isaac talks to Jerome Song, Associate Director, Business Exit of Providend, to discuss the most pressing issues for small and medium-sized business owners. Jerome brings listeners throug...
Aug 12, 2024•26 min•Season 3Ep. 16
As the leading fee-only wealth advisory firm in Asia, our Founder and CEO, Christopher, shares the lessons he has learnt in Legacy Planning in his Business Times article. With almost three decades of experience in planning for clients, Chris has many stories to share when it comes to Legacy Planning—often mistaken for Estate Planning. In this week’s Money Wisdom episode, our co-host Amelia from the Brand Experience Team has a heartfelt chat with Chris on parenting, family relationships, and thou...
Jul 29, 2024•40 min•Season 3Ep. 15
Welcome back to part six of this nine-part mini-series, "The Story of Our Clients’ Wealth Journey", where we delve into the wealth management journey of our clients. As the leading fee-only wealth advisory firm in Asia, we have been receiving many questions about who we serve and our work for our clients. So we put together a collection of all the stories that clients and prospective clients shared with us. It ranges from why they are looking for guidance, challenges they faced before meeting us...
Jul 15, 2024•40 min•Season 3Ep. 14
As the leading fee-only wealth advisory firm in Asia, our Founder and CEO, Christopher, discusses in his Business Times article why you should not simply invest in the S&P 500 alone. With competing views from sources like Business Insider claiming that the S&P 500 will hit 8,000 to 15,000 points by the end of the decade, does this trigger a 'fear of missing out' for you? In this week’s Money Wisdom episode, our co-host Amelia, from the Brand Experience Team, asks Chris why the S&P 50...
Jul 01, 2024•19 min•Season 3Ep. 13
Welcome back to part five of this nine-part mini-series, "The Story of Our Clients’ Wealth Journey", where we delve into the wealth management journey of our clients. As the leading fee-only wealth advisory firm in Asia, we have been receiving many questions about who we serve and our work for our clients. So we put together a collection of all the stories that clients and prospective clients shared with us. It ranges from why they are looking for guidance, challenges they faced before meeting u...
Jun 17, 2024•29 min•Season 3Ep. 12
As the leading fee-only wealth advisory firm in Asia, our Founder and CEO, Christopher's Business Times article discusses the critical mistake that business owners often make, when they do not integrate their business with their personal wealth planning. In this week’s Money Wisdom episode, our co-host Amelia, from the Brand Experience team, sits down with Chris to explore the emotional aspects and his thoughts beyond what was written in the article on the topic of Business Exit Planning. Chris ...
Jun 03, 2024•21 min•Season 3Ep. 11
Welcome back to part four of this nine-part mini-series, where we delve into the wealth management journey of our clients. As the leading fee-only wealth advisory firm in Asia, we have been receiving many questions about who we serve and our work for our clients. So we put together a collection of all the stories that clients and prospective clients shared with us. It ranges from why they are looking for guidance, the challenges they faced before meeting us, and their experience working with Pro...
May 20, 2024•34 min•Season 3Ep. 10
Being a trusted adviser to our affluent clients for over two decades, it is important to ensure the reliability and sufficiency of investment returns to meet our clients' non-negotiable life goals. Some weeks ago, our CEO Chris encountered three situations that inspired him to write his Business Times article, with one of them being his recent trip to Guangzhou as a keynote speaker at the Morningstar (China) 2024 Investment Summit. A common theme running through all three encounters was the chal...
May 06, 2024•19 min•Season 3Ep. 9
Welcome back to part three of this nine-part mini-series, where we delve into the wealth management journey of our clients. As the leading fee-only wealth advisory firm in Asia, we have been receiving many questions about who we serve and our work for our clients. So we put together a collection of all the stories that clients and prospective clients shared with us. It ranges from why they are looking for guidance, challenges they faced before meeting us, and their experience working with Provid...
Apr 29, 2024•24 min•Season 3Ep. 8
Welcome back to part two of this nine-part mini-series, where we delve into the wealth management journey of our clients. Being a trusted adviser to our affluent clients for the past two decades, we have been receiving many questions about who we serve and the work that we do for our clients. So we decided to put together a collection of all the stories that clients and prospective clients shared with us. It ranges from why they are looking for guidance to challenges they faced before meeting us...
Apr 08, 2024•26 min•Season 3Ep. 7
It has been a month since the CPF changes were announced, and there are still ongoing discussions in the media, online, and in various finance chat groups. With all the noise surrounding this 'hot topic,' our CEO, Chris, shared a simple guide in a Business Times article, which all Singaporeans can refer to when considering their next steps in light of these changes. In this week’s Money Wisdom episode, our co-host Jin interviews Chris, as he digs deeper into this article to discuss the pros and ...
Mar 25, 2024•24 min•Season 3Ep. 6
Providend has always been proud to share that we are Southeast Asia's first fee-only advisory firm. In recent years, we have been receiving many questions about who we serve and the work that we do for our clients. In this nine-part sequential mini-series, we will delve into the wealth management journey of our clients. This is a collection of all the stories that clients and prospective clients shared with us ranging from why they are looking for guidance to challenges they faced before meeting...
Mar 11, 2024•34 min•Season 3Ep. 5
The CPF changes announced during #Budget2024 have been receiving a range of opinions on the ground as Singaporeans who had "Special Account shielding" on their minds, question their next steps when it comes to retirement planning. Given the unpopular opinions, is this the right move to make for the primary purpose of the CPF? What do these changes mean to you as a young accumulator or a near-retiree? In this week’s Money Wisdom episode, our CEO, Chris, encourages us to dig deeper and to ask ours...
Feb 23, 2024•28 min•Season 3Ep. 4
Until today, Providend remains the only fee-only wealth advisory firm in Southeast Asia, a model inspired by the U.S. and Australia - why is that so? For the average person seeking trustworthy wealth advice that is client-centric, should they exclusively consider fee-only wealth advisers? Also, what are the differences between fee-only and fee-based advisers? In this week’s Money Wisdom episode, our CEO, Chris, and our Co-Host, Jin, discuss this controversial topic of the various compensation me...
Feb 12, 2024•38 min•Season 3Ep. 3
The philosophy of sufficiency serves as the anchor for everything we do here at Providend—whether it's planning for our clients, investing for them, or providing advice. Sufficiency is about having enough, but the question remains: when is enough truly enough? How do we find contentment in life, and what does contentment mean? In this week’s Money Wisdom episode, our CEO, Christopher Tan, elaborates on how we can identify the things that are important to us, which he terms as life decisions, and...
Jan 29, 2024•41 min•Season 3Ep. 2
Welcome to the FIRST episode of Providend’s Money Wisdom Podcast Season 3! For this season, we are doing things a little differently in our sharing of money wisdom with you. We will be introducing various mini-series covering different aspects of your overall wealth plan holistically. But first, let’s get to know more about your new co-host, Jin Lee, Associate Adviser at Providend. In this episode, Jin shares her interesting past experience and thorough research on Providend before making a care...
Jan 01, 2024•18 min•Season 3Ep. 1
Did you know that Dave Butler, Co-CEO of Dimensional Fund Advisors (DFA), was a former professional basketball player? Standing at over two metres tall, how did he come to and stay in his role at DFA for the past 28 years, instead of pursuing his career in basketball? In this week’s Money Wisdom episode, Dave recounts his journey in one of the biggest fund management companies in the world. With the wealth of knowledge he possesses, he shares his views on money and explains why he still believes...
Dec 18, 2023•31 min•Season 2Ep. 38
Having a roof over your head is one of the necessary aspects of life. However, nowadays, many people in Singapore view properties as an investment and often even prefer these over equities. So, the question arises: Should you focus on property investment? In this week's Money Wisdom episode, Chin Yu discusses why people might prefer to invest in properties over equities and whether Providend considers it as an investment, using our investment framework. You can refer to Chin Yu's article on prop...
Dec 11, 2023•31 min•Season 2Ep. 37
With the latest changes to investment-linked policies (ILPs), many investors may be contemplating the inclusion of this product in their investment portfolios. This prompted our CEO, Chris, to write his latest article in his The Business Times column, addressing the suitability of ILPs for your investment strategy. In this week's Money Wisdom episode, Chris expounds on the four pillars of our investment philosophy - economic contribution, empirical observation, implementation, and practical cons...
Dec 04, 2023•40 min•Season 2Ep. 36
It is inevitable to avoid crises or market downturns during your long-term investment journey. While we acknowledge that some turbulence is normal in any flight, it doesn't guarantee our hearts can always withstand the market's volatility. That’s why, at Providend, we are committed to coaching our clients even before they embark on their investment journey. In this week's Money Wisdom episode, Evelyn Goh , our Deputy CEO and Chief Advisory Officer, shares Providend’s experience through the vario...
Nov 27, 2023•20 min•Season 2Ep. 35
At Providend, we've always advocated an evidence-based approach when investing your money and do not attempt to time the market. One might assume that, as long as you invest your money this way, you would be in good shape. However, another crucial piece of the puzzle is using the right instrument with the right investment manager. This was why Providend decided work with Dimensional Fund Advisors (DFA) to enhance the investment experience for our clients. In this week's Money Wisdom episode, our...
Nov 20, 2023•40 min•Season 2Ep. 34
More often than not, many investors assume that once they have completed their wealth plan when they are younger, they do not need to revisit it. However, this is not a reliable approach to managing your wealth plan. As accumulators, there are numerous unexpected events for which you may not have planned. Similarly, there are concerns as retirees that you did not encounter when you were younger. In this week's Money Wisdom episode, Alvin, our Client Adviser, discusses the differences you should ...
Nov 06, 2023•14 min•Season 2Ep. 33
In a previous article written for The Business Times, Chris, our CEO, explained the different ways an adviser could be compensated – commission-based, fee-based, or fee-only. However, it is important to note that the different compensation methods alone do not determine if an adviser is the right one for you. In this week’s Money Wisdom episode, Chris shares the three things you should take note of when choosing the right adviser for yourself and how Providend strives to uphold these in our day-...
Oct 30, 2023•35 min•Season 2Ep. 32
After finding the right instrument to invest in, the next question many investors might have is whether they should invest their entire amount all at once (Lump Sum) or spread it out over a few months (Dollar Cost Averaging). There are merits to both approaches, but which one is right for you? In this episode, Zhi Han, our Client Adviser, shares the historical evidence for both methods and highlights an important factor investors should consider when deciding between the two. Meanwhile, stay tun...
Oct 23, 2023•18 min•Season 2Ep. 31
The third quarter of 2023 has been a challenging three months, as the MSCI All Country World IMI Index and the Bloomberg Global-Aggregate, our references for equities and bonds respectively, both fell this quarter. In this week’s Money Wisdom episode, Choon Siong, our Research Analyst, shares the key catalyst of market movements and discusses the outperformance of value stocks over growth stocks. You can also read our complete market review of September here. Meanwhile, stay tuned for our next e...
Oct 16, 2023•13 min•Season 2Ep. 30
Investment-Linked Policies (ILPs) have always been a heavily debated and controversial topic among investors. To make matters worse, there are multiple types of ILPs being sold, and all with varying features. At Providend, we had previously stated our stance against the use of ILPs in our clients’ portfolio. However, with the changes around the new Wealth ILPs, will this change our stance? In this week's Money Wisdom episode, Mike Zhang, our Insurance Specialist, gives an overview of the differe...
Oct 09, 2023•18 min•Season 2Ep. 29
Previously from other big financial institutions, Joyce and Zhi Han both coincidentally applied for an advisory role at Providend after watching this video where Christopher, our CEO, shares the reason why he left the insurance agency - Joyce Chng, our Associate Adviser, and Toh Zhi Han, our Client Adviser, both coincidentally applied for a job at Providend after watching this same video where our CEO, Christopher, shares the reason he left the insurance agency - https://www.youtube.com/watch?v=...
Oct 02, 2023•41 min•Season 2Ep. 28
At Providend, in order to help our clients achieve enough returns in the most reliable way to enable their life goals and life events, we started using the Ibbotson-Chen Model early this year to be more robust in deriving the planning returns used for constructing our clients’ wealth plan. In this episode, Chris clarifies that these planning returns are actually not our portfolios’ target returns and that it is just a part of all the backend work we do (i.e. regular reviews of our clients’ circu...
Sep 25, 2023•23 min•Season 2Ep. 27
