Seeking advice on portfolio

[d.o.g.]

Hi All,
Where are the places that i can get Paid Advice to help me think about my investment portfolio?

Go to the MAS website, look up the directory of Financial Institutions, then go to the list of Financial Advisors. Within that list, there are 4 sub-groups that may be of use to you:

licensed to advise on life policies
licensed to advise on securities other than collective investment schemes
licensed to advise on collective investment schemes
licensed to advise on structured deposits

Most of the licensees are paid by commission, so you'll have to do some work to identify those that are fee-only. To my knowledge, there are very few fee-only advisors. You can just call - there are only 59 in all on the current list (I just checked). Won't take more than 2-3 minutes per company.

If you are fine with commission-based advice you will have plenty of choices - just be aware that most, if not all, of the advice you get will involve you buying the products they carry, even if they are very similar to what you already own, or even if they are not truly appropriate for your circumstances. If you don't buy, the advisor will starve. So they will ask you to buy.

Note that MAS defines financial advice quite strictly, whereas many lay people deem the opinions of friends and acquaintances to also be advice. For example, as a fund manager I may have certain opinions on various listed companies, but I am not legally able to advise anybody on whether the companies' stocks or bonds would be suitable investments, even if I can (and do) take the appropriate course of action within the fund that I manage. To actually tell somebody to "buy X" or "sell Y" I would need a separate financial advisor license.

As usual, YMMV.