Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips.

This week's 101st episode explores whether there are too many financial advisers in Singapore and if we actually need them. Is it possible to take care of your own financial planning?

Correspondent Howie Lim speaks with Wayne Chen, founder and CEO of GoalsMapper, a financial planning software that combines technology with the experience of financial consultants.

Highlights of the conversation:

The implications of too many financial advisers (2:30)
If it’s possible to do your own financial planning (3:35)
What a DIY plan looks like (6:30)
The need for more ethical, upstanding and trustworthy financial advisers (8:36)
How technology can aid the financial planning process (10:55)

Produced by: Howie Lim (howielim@sph.com.sg), Ernest Luis & Fa'izah Sani

Edited by: Hadyu Rahim and Howie Lim

Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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S1E101: Are there too many financial advisers and do you really need one? BT Money Hacks Ep101

BT Money Hacks

S1E101: Are there too many financial advisers and do you really need one? BT Money Hacks Ep101