Asking Tan Kin Lian For Financial Advice: S$200 Per Hour

[GoldenDragon]

Demanding for payment for financial advice is not wrong, but $200 is steep. He has to show his credentials why he is worth $200 per hour.

A junior lawyer in the big law firms charge approx $350 per hour when he has less than 5 years experience. I think $200 per hour for Tan Kin Lian is fair. He has the experience and if he exposes loopholes for you to benefit or exploit thereby saving you lots of cash, that 200 is worth it.

 

[GoldenDragon]

The last that I've heard, Chia Ti Lik @ S$300 per hour, Davinder Singh SC @ S$1,000 per hour.

Mr Singh's 1.5k per hr.

 

[shelltox]

I am not very sure about your statement , many people bought Raffles Town Club weren't really happy about their purchased.

 

[Ramseth]

Like what you said, really depends on the portfolio of the investor. If only have 50K to invest and pays him $200 per hour, then that would be a bit overkill. Doesn't make sense. But if have millions to invest, then we are talking about another planet.

However those who have a big portfolio to invest will not knock on his door and pay for $200 per hour. They will instead look for the capable ones who can increase their portfolio by a few folds.

In short, he could just want to put a high tag to deter people from asking him. :o Or saying, don't bother me pls.

I think, you're right. What he's saying is he can't be expected to attend to individual cases in details and specifics. He doesn't mind putting up general advice on his websites and blogs, read them up. He has formed FiSCA and conducts financial seminars regularly. Membership and seminars aren't free but they come with modest fees of a few tenners.

 

[Coolsaint77]

I am not very sure about your statement , many people bought Raffles Town Club weren't really happy about their purchased.

In this case Peter Lim is a seller (being one of the club owners =/= club member)
Those who bought a membership in the club are throwing money to him.

Club owner is not the same as club member! ie Club member is not a shareholder!! That's $200 for my advice.