In today’s financial advisory landscape, product peddling has become the norm for financial advisors. Most advisors lack the competencies to engage clients professionally and conduct comprehensive financial analyses via dynamic financial scenarios planning complete with relevant stress tests ascertaining the viability of the recommendation. The problems of a lack of data-driven decision-making support and on-demand access to a financial advisory facilitator has led to little clarity for consumers and difficulties for financial advisors to upskill in their profession.
These problems can be solved by f1gures, a FinTech innovation to revolutionize the financial advisory sector. f1gures is an application that engages both the clients and advisors, facilitating meaningful conversations that are relevant to client’s dreams and help clients explore various financial means to get there. For example, f1gures helps in providing statistics for clients to help moderate their expectations and visualizes their dreams to make the conversation between client and advisor exciting. This helps advisors to gather the appropriate data from their clients for planning while keeping them positively engaged. By integrating analytics, advice rendered to the client can also increase client confidence in their advisor’s suggestions. Comparisons of decisions using scenario branching would elucidate the financial impact of prospective choices for decision-making.
f1gures is designed based on a proprietary training programme we developed that has seen over 250 unique licensed financial advisors since 2018. We have conducted 1-to-1 coaching programmes for these advisors lasting 2 to 3 months to understand the breadth and depth of the challenges faced by advisors in real life advisory processes with their clients. The effectiveness of our training is pegged to the actual business performance of our advisors post-training over a 2-3 months period, since 2018. While there are other training programmes in the same space, none of them has achieved an overwhelming average of 500% improvement in advisors’ business outcome. There is also no other known financial training provider in Singapore or worldwide adopting a training methodology integrated with deep knowledge of what critical planning data to retrieve from a sea of big data, equipping the advisors with soft skills to elucidate such data from clients in a non-offensive manner and lastly, providing the advisors with an efficient tool to process such data to yield an unique outcome benefiting both the advisors and their clients.
Our company is looking to hire an experienced Data Analysts to assist our CTO in the devlopment of our f1gures app. The detailed job scope of this role is as follow:
- Design and develop algorithms that translate our proprietary financial advisory methodologies into code for implementation
- Perform analytics using available data to derive insights and actionable recommendations
- Develop statistical models for explaining and predicting trends for the financial advisory industry
- Design, develop and implement state-of-the-art machine-learning algorithms and models to build proprietary models for financial advisory services
- Conduct thorough research, staying up-to-date with the latest advancements in machine learning and AI, and integrating them into our platform where appropriate.
- Document research findings, methodologies, and implementations in clear and concise reports and presentations
- Collaborate with cross-functional personnel to integrate machine-learning models into our existing infrastructure, ensuring seamless deployment and scalability.
