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based on salary or commission basis.

I find that it is very unfair to Financial Advisers who work for the company and being paid solely on commission basis only. Sales is a follow-up business. Just like you start a fire, the initial initiation of fire you see no results, but it is critical for the fire to start ultimately. In addition, meeting clients, transport allowance, all expenses have to be covered by the Financial Advisors alone. At time when the Financial Adviser is not feeling well, he/she needs to see doctor, he too have to pay for his own medical expenses. The Financial Advisers need to meet a lot of people in order to close a sale. Not all appointments will be sucessful. Sometimes, you wasted a meal treat, when the prospects only want to meet for a free meal and not seriously sincere in getting financial products or advice. Not all prospects turn up for appointments. When this happen, you wasted a trip and your time just like that! Your trip involves transportation charges which you are not able to claim from the company! You have to use your own pocket money for all these expenses and gifts to your prospects!

As you can see now that the life of a Financial Adviser is not easy, Financial Adviser will always want to think of a faster and quicker way of earning easy money. Every potential prospect who come to them is opportunities to them. They are not going to let any one slip off so easily! That's why, a lot of Financial Adviser, especially those from the first category(mention above), though they studied the code of ethics, but it is common for these people to oversee them for the sake of meeting more sales targets and earning more commission. With the limited number of products they can offer to the clients, some products have their pros and cons, but sometimes to earn a living, they are 'forced' to 'sell' their products more than giving the right advice to the prospects. And I have also witness some Financial Adviser (sometimes even those veterinarians and those successful ones where we should 'learn' from) who just 'wipe off' whatever sums of money the ignorant prospects showed to the Financial Advisers when it comes to investment. This is because, investing a bigger sum of money would mean receiving a higher amount of commission in return.

As selling investment products like unit trusts can be a quick way of earning commission, some Financial Adviser even encourage their clients to sell off their funds and then to reinvest again to earn extra

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