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.
|