Originally Posted by Unregistered

Yep most likely retail RM. Corporate RMs don't earn commission. If you're very good in sales and psyching people and aren't beneath using underhanded methods to convince people to invest in your company's actively managed fund or ILP, you will make alot of money as a retail RM/financial advisor. It is not fixed deposits nor credit cards that will earn a financial advisor the most commission, but the actively managed funds and ILPs, this is why you always see them pushing you to buy such plans. Yet it is common knowledge that the overwhelming majority of actively managed funds fail to outperform a passive one that simply tracks a stock exchange aka ETF (go Google for the statistics). So when you buy into an actively managed fund, not only are you paying about 2-3% of your AUM to the fund managers annually (REGARDLESS of whether they make money for you or not), these managers are usually worse than useless, because they lose to an ETF. You would expect anyone with the title "financial advisor" to feed you this little piece of advice. But of course they don't.

I rather be a corporate RM.