Every Client, Treated as Family
Liew Jiewei Jerry, an adviser at IPPFA, specialises in insurance and investment financial planning services. Since he joined the company in 2014, one key motto Jerry has lived by is to plan for his clients as he would for his own family – a promise he delivers to his clientele base of about 250 affluent and high-net-worth clients. He helps them to strengthen their financial well-being through insurance and investment strategies, and is known for aiding them in finding solutions that give them flexibility and resilience in meeting their evolving life goals.
An advocate of continuous learning, Jerry has a growing portfolio of qualifications under his belt. On top of his Bachelor of Science (Honours) in Chemistry and Biological Chemistry from Nanyang Technological University, he has acquired certifications as an Associate Financial Planner® (AFP®) and Associate Estate Planning Professional ® (AEPP®). He continues to pursue personal and professional courses to upgrade himself.
Transitioning to a New Stage of Life
Jerry met his client, Elvin, in 2017. A senior manager in a biotechnology company, Elvin was preparing to get married and thinking about strengthening his financial position before starting a family.
Elvin did not have basic insurance coverage and was keen on getting a comprehensive critical illness coverage plan to protect his family in the event of unforeseen incidents. At the same time, he wanted to grow his wealth for a comfortable retirement through investments. However, most of his disposable income was committed to a mortgage loan – he was paying high instalments on a short-term loan to secure a better interest rate.
Jerry applied various financial evaluation tools and methodologies to assess Elvin’s financials and subsequently presented to him the relevant strategies he could adopt to improve his financial situation. Elvin realised that he would be in a better position to plan for his finances in the longer run and decided to heed Jerry’s advice. The additional cash flow would give Elvin the funds he needed to start building his financial foundation through insurance and investment plans customised by Jerry.
Upon Jerry’s recommendations, Elvin bought a whole-life critical illness plan that could secure his family’s future and serve as a savings plan. In addition, he also wanted to retire by the age of 55 to travel the world. To meet this goal, he aimed to have a steady flow of passive income of $3,000 per month by then to pay for his post-retirement expenses.
From Cash-strapped to Future Confident
With the wealth planning makeover, Elvin and his wife-to-be can now confidently focus on starting their family knowing they are more adequately protected against unforeseen events. Elvin is also happy that he now has a steady stream of savings that is invested for growth opportunities, as well as a promising retirement plan he can continue to build upon. He remains grateful to Jerry for “going beyond the required” and looking into matters that many advisers would not have done, to help him derive a meaningful solution that gave him greater financial flexibility to apply his wealth for his immediate and long-term goals.