PromiseLand Independent PL

https://www.promiseland.com.sg

Driven by ideals beyond business, our pioneers championed client’s interest by founding the first independent life insurance brokerage in Singapore in 1991.Upholding the non-negotiable principles of independence and varied choices for clients, Promiseland became the forerunner for the Independent Financial Adviser…

Founded in 1986, PromiseLand became Singapore’s first independent life insurance broker in 1991 bringing clients choice of products from, not one, but the majority of the life insurance companies. From being a pioneer, we progressed to become the champion for independent financial planning and advice – providing our valued clients with objective advice and wide choices for their financial needs.

Currently one of the leading Independent Financial Adviser (IFA) companies in Singapore, PromiseLand has one of the most comprehensive business platforms and a qualified team of advisers and planners commited to putting clients’ interest first (Chart). Our business platforms include financial planning, life insurance, general insurance, unit trusts, bank loans, tax planning and wills and trusts. PromiseLand adopts a multi-disciplinary financial planning approach and provides services and products from life insurance companies, general insurance companies, fund managers, banks and specialist lawyers and tax consultants.

Taking our independent status seriously, PromiseLand is continually adding more services and solution providers to give clients wider choices and better value. Our tagline is “trusted advice, trusted adviser “. Our concern is that clients receive trusted advice about how to manage their money and risks. Only a few can attain financial independence if this is taken to mean that they can afford to stop working and just rely on passive income. But it should be a worthy goal for everyone to be able to have sufficent to live on, whether working or in retirement, and be as far as possible debt free. We seek to help clients to achieve financial freedom through good planning and encouraging clients to act on their plans.

We believe clients deserve the best. We are prepared to provide not just “reasonable basis” advice but “fair and objective” advice – a world of difference for clients. While others count the cost, for us every client counts…

We believe clients deserve the best and will spare no effort or cost to look after our clients’ best interest. To this end, we are proud of our “independent” status and our ability to give objective advice and provide wide choices of services and products for the benefit of our clients.

Every client is important to PromiseLand, and financial services and products are customised to meet clients’ unique needs. PromiseLand’s planners and advisers go through a thorough analysis of clients’ needs and source carefully and extensively for suitable and competitive solutions to give good value for money. We take care of our clients’ varied financial needs.

Contributed by Oogle :

I always believe in insurance and financial planning to take away the risks of an unforseen event that might wipe out the entire family’s life savings. Everything need to be planned, and insurance products can help you in the event of something unexpected happens. I dun believe in using only a company’s products, but a wide range of products from diffferent companies, which only PromiseLand can fullfill. I recommend you talk to their staff to find out more details, on the range of products each company can offer. If you want you can contact my Financial planner from PromiseLand her name is Chantelle Teo at +65-96822316.

What we can learn from Minterest’s Startup

by ValueChampion
Minterest has ambitious goals as a young startup. The business hopes to connect underserved businesses with a variety of loan products in order to boost Singapore’s economy. So far, the company is off to a good start, raising more than S$30 million in crowdfunded business loans for local SMEs.
Founded in 2016 by three experienced finance professionals, Minterest seeks to empower small businesses by connecting them individual investors with through its crowdfunding platform. So far the Singapore-based startup has raised more than S$32 million in small business loans.
To find out more about the company’s success and future plans, we interviewed Minterest’s Co-Founder and CEO Charis Liau. We believe that Minterest’s startup experience and expertise in small business financing provide valuable lessons for entrepreneurs in Singapore .
When did Minterest begin its operations?
Minterest was incorporated in March 2016 and commenced operations in May 2017 after securing its Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS) in January 2017. Since May 2017, Minterest has assisted businesses in Singapore that were underserved by the conventional financial institutions by disbursing more than S$32 million in loans over almost 90 different transactions.
When and how did Minterest first obtain funding? How long did it take to raise funding?
Minterest was initially funded by the founders and prior to commencing operations, we secured seed funding from friends and family. This took place over a week which was relatively quick.
What was the biggest challenge that Minterest had to overcome to raise capital? What strategy, tactic or know-how was the most helpful in convincing investors to invest in the company?
The biggest challenge at that time was that we just had a concept with no operating history to prove that the business can be successful. But once we shared our vision, mission and how we plan to execute them, the investors were convinced.
The fact that the founders and senior management team have significant banking and financial experience (125 years in total) provided another layer of comfort to the investors that we know what we were talking about.
After its initial funding, did Minterest ever require additional financing? Why?
We have not had to raise additional funding so far but the time has come for us to do so. As we move into the second half of our second year in operations, additional resources would be required for further technology build-out, marketing and other operational matters as we seek to scale our business and expand to the region.
We now have a viable business model and having proven the business concept, it is now time to move into the next stage of our business evolution.
What type of financing did Minterest obtain? Which sources did Minterest consider? How was this helpful for your business?
Minterest has only raised equity so far and will be looking to do the same in our next round of financing. For the new round of financing, we will be looking at VCs and a couple of investors who have supported us during our growing period over the last 18 months.
The equity that was raised was important for the business as it provided financing for operations as well as the necessary capital base that is required by the MAS.
How does Minterest help businesses better manage their finances?
We bring the big corporate fundraising experience to small businesses given our deep and broad banking and financial experience. Our borrowers’ journey includes a reasonably in-depth analysis of future cash flows.
Not only does this exercise assist in our credit assessment of the borrower’s ability to repay the loan, it also helps the borrower’s management to better understand how their expected cash position would be like in the future. Some of our borrowers have continued to use this tool to measure how well their forecasting is when matched against actual numbers.
How does Minterest distinguish itself from Singapore’s other crowdfunding platforms?
Minterest distinguishes itself from others through the following “3P”s:

• People
Former bankers with a combined 155 years’ of experience who understand credit, structuring and security mechanisms. Platform investors invest with the knowledge that every deal is properly assessed and put through our proprietary Mintgrade credit scoring algorithm.
• Products
A wide range of products across all risk spectrum to feed the appetite of platform investors, allowing them to diversify their portfolio. Products are divided into four broad categories – Small Loans, Invoice Financing, Structured Loans and Convertible Loans. The diversity of products generally leads to stickiness amongst the platform investors
• Processes
A set of transparent and clear processes to analyse and assess loan applications. The automated workflow that was developed in-house allows the team to quickly assess and process deals – this applies to all product categories. We have also developed a credit scoring engine that assign a rating to every loan application. The rating system is much appreciated by our investors as it provides a quick snapshot of the risk profile of the loans that are listed on the platform.
What advice would you offer to other startups in Singapore who are looking for ways to finance their businesses and operations?
It is important that start-ups have a clear vision and mission and how they are going to execute on them. Without identifiable cash flow sources, it will be very difficult for such companies to raise financing especially in the debt space. There could be a possibility to raise equity financing but investors need to be convinced that the people and business model are right and can be differentiated against competitors.
Did Minterest consider any other locations besides Singapore as its headquarters? Why/why not?
Singapore as Minterest’s headquarters is a natural choice. The founders are based in Singapore and it is also a major financial centre and fintech hub in the region. The regulatory regime is forward looking and is conducive for a business like ours to grow and flourish.
With high regulatory standards ensuring our processes are of the highest standards, we will then bring these standards to other countries as we seek to provide our services to the unserved and underserved businesses in the region.
What makes Minterest’s work most challenging? Rewarding?
The most challenging aspect is in the deal selection process. We see hundreds of loan applications each month and whilst many have interesting ideas and products, it is important not to lose sight of the most important criteria for loan approvals – cashflows.
We have developed our proprietary screening model taking into account over 200 data points to assess each deal. Structuring of repayment sources is critical in our opinion as we need to ensure that the loans can be repaid on time to our investors.
The most rewarding part is when we disburse a loan to a small business knowing that the proceeds will be used to turbo-charge the borrowers’ business, allowing them to continue to provide employment to the Singapore workforce and contribute positively to the country’s economy.
To learn more about crowdfunding or how your business can obtain a business loan, refer to our website or follow ValueChampion on Facebook. If you are interested in sharing your small business’s story, shoot us an email at stories@valuechampion.sg, we’d love to hear from you!
This was first published at Value Champion’s website, “Making Connections: SME Interview Series with Minterest“.

SG’s #1 Options & Stock Trading by WealthMastery.asia

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Are you aware that SG’s #1 Options & Stocks Trading workshop is happening in less than 7 days…

On 24th October 2018?

We only hold this workshop once every few months – and it’s usually a full-house event!

We’re providing you with a fully-paid-for, complimentary seat to this workshop… so don’t miss it!

>>> Click here to secure your FREE seat to SG’s #1 Options & Stocks workshop on 24th October!

“WHAT’S COVERED AT THIS WORKSHOP, AND WHY IS IT ALWAYS SO POPULAR?”

The amount of strategies and content shared in this workshop is probably worth over $1,497 USD…

If you were to learn them by yourself elsewhere!

Some of the powerful strategies you’ll be learning include:

* For SMALL INVESTORS… learn how to trade a very large exposure while only using a small amount of capital – making this highly suitable for beginners

* Trading with LIMITED RISK while having UNLIMITED PROFIT potential… making Options trading a great strategy for the risk-averse, provided you use the right system

* Making profitable trades with just 30-45 MINUTES per day… without having to spend hours of your time on technical or fundamental analysis

* Learning how to PROFIT even in a MARKET CRASH… giving you the ability to passively profit in any market (even in bear markets)

* What smart traders are doing to leverage on HIGH-VALUE stocks from Apple, Microsoft & Google… at dirt-cheap prices

… Yes these are just some of the content that will be covered at the workshop – you can see why Singaporeans are rushing to secure their free seat!

>>> Don’t miss out on this chance to learn all these for FREE – click here to secure your seat!
“WHAT ELSE MAKES THIS WORKSHOP WORTH ATTENDING?”

Did you know that your trainer for the workshop…

Is none other than Manoj Kumar – founder of OptionPundit.com,

Who is also widely regarded as Asia’s most trusted Options coach?

[As a top Options coach, Manoj is highly sought-after to deliver valuable workshops to teach people how to profit in the stock market using Options]

And yes – this workshop is suitable for you if:

* You are complete beginner who’s curious about how Options can be a profitable trading vehicle

* You have some experience in trading, but you’re looking for a safe way to improve your trading portfolio with minimal risk

* You are a seasoned trader who wants to learn advanced strategies from a professional Options coach to have more versatility in the markets while having a superior risk:reward ratio

>>> Don’t miss this chance to learn from Manoj Kumar, Asia’s most trusted Options coach… for free!

Due to his packed schedule, Manoj can’t hold these workshops very often…

So you’re highly recommended to secure your seat while you have the chance!

Looking forward to seeing you there 🙂

To your success,

Patricia
WealthMastery.asia

P.S. The Options & Stocks Trading workshop by Manoj is always in high demand,

And seats will fill up fast!

You are getting your seat for free & fully paid-for…

So this is will be your best chance to learn about creating a passive stream of income from Options!

>>> Last chance – click here now to secure your FREE seat to the Options & Stocks Trading workshop!

Stansberry Churchouse Research

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If there’s one thing I’ve learned from 20 years of being in the investment business, it’s that having a track record matters.
I’m quite proud of mine.
For example, earlier this year, I closed seven trades for an average gain of 133%.
My biggest winner clocked in at 418% — enough to make you 5 times your money.
But that’s nothing compared to what a man I recently met in China has achieved over the course of his publishing career.
His name is Dr. Steve Sjuggerud.
He’s nearly doubled the S&P 500 over the past 17 years—probably the best track record of any financial analyst I know.
And right now, he’s found something truly incredible:
A stock that he believes could soar up to
1,000% in the next 9 to 12 months.
He’ll tell you all about it during a special event he’s hosting on October 24th.
I’ve already signed up for this big event, and blocked out my calendar so I don’t forget to tune in… and nearly 50,000 people have already signed up to attend.
If you’re interested in learning how to potentially make 10 times your money in the next year, I urge you to sign up for this FREE event right now, too.
Click here to save your seat instantly and we’ll send you more details.
Good investing,

Brian Tycangco
Co-Editor, Strategic Wealth Confidential, Stansberry Churchouse Research

19th October 2018 6.30pm to 9.30pm

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“Are you culturally intelligent enough to succeed in the new economy?” Join us for the sharing by Dr Patrick Liew and other esteemed speakers on how to successfully connect, collaborate, cooperate and co-create with anyone globally!

Cultural Intelligence – Does It Matter?

Wisma Geylang Serai |19 Oct | 6.30pm-9.30pm | $5 (Includes light dinner)

26th October 2018 2.30pm to 6pm

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Requested by Popular Demand, Singapore Legendary IPO King PETER CHOO is coming to PIF Capital! Only on 26th Oct, we’re inviting The IPO King – PETER CHOO(Formidable record of having listed over 200 companies) ,as our Guest Speaker !! This is a Once-in-a-lifetime opportunity, not to be missed!

🇸🇬 International Roadshow

📅 : 26/10/2018
🎟 : S$100/pax FREE 1x MCW Preview
 : 2.30pm – 6pm
📍: 53 Mohamed Sultan Road, #03-01, Singapore 238993 ( https://goo.gl/maps/igai8ysXeux)

IPO King – PETER CHOO will be here in person to share with you shortcut tips towards IPO using Capital Wisdom!

Due to limited seats, seating will be on first come first serve basis.
Contact us  +65 9006 5656 or contact your Capital Consultant today!

For more information, click here: http://www.pifcapital.com/international-roadshow/

【 Good News for all Platinum Members!!!】
Other than seeing PETER CHOO in person, PIF Capital is treating you to dine with him🍽🍽🍽, you can network with him directly, and get 1 step closer towards your IPO Dream.

Due to limited seats, seating will be on first come first serve basis.
Contact us  +65 9006 5656 or contact your Capital Consultant today!