remisier pay range

[kelvin]

Hi, anyone working as a remisier know roughly what is the pay range for a remisier and what is the requirement to work as a remisier?

Originally Posted by kelvin

Hi, anyone working as a remisier know roughly what is the pay range for a remisier and what is the requirement to work as a remisier?

what sort or remisier? those stand in front of trolly at shopping mall kind?

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.

Remisier is truly an unique career for a young graduate!

The Society of Remisiers (Singapore) - The Society of Remisiers (Singapore)

The monthly salary ranges from $2k/$3k to $15k/$50k or a lot more per month, with a lot of factors to consider such as the client's trading pattern, number of clients under the remisier's stable, macro economics factors impacting the trading market, the micro fundamental factors impacting individual stock counters...

its truly rewarding if you know what you are doing and the occasional opportunity to buy first faster than any retail investors in the market just because the remisier is in the market and watching it daily!

However, its not for the faint hearted as well as if your client incurs any losses esp due to contra trading, then the remisier will be asked to pay up for the client (have personally heard of cases whereby the remisier was declared a bankrupt as a result of client's actions...or put on a perm contract with the brokerage house to pay up the losses...normally in the millions!)...thus KEY is to know your client and be able to limit the credit risk exposure!

Take care! Nothing ventured nothing gains...