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Old 22-05-2013, 04:38 PM
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Remisier is a sunset industry in SG due to changing consumer preference for online platforms, enroachment by banks and also an expansion of international brokers available online that offer super competitive fees.

I remember in the pre-1997 days a junior remisier without any major accounts can still make a decent living of 2-3k per month including basic and commission. Now in 2013 the pay is still the same at 2-3k monthly including commission...

And nowadays those not able to get strong key accounts are getting more & more desperate. Need to run roadshow all over Singapore, meet up with low volume first timers to teach them trading platform, conduct lunch/weekend talks to drum up sales, write up reports etc.

Many traditional non-bank brokers like Philips, KH, KE have diversified into investment consultancy and underwriting business which is far more profitable.

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