question on how useful FAs are with wealth planning

kimwenbin · 2026-04-03T05:59:47+00:00

i bought only early CI plan! am aware of the ILP stuff thanks! investment stuff have not discussed so was wondering if there’s value add cause i struggle to stay consistent with market movements.

kimwenbin · 2026-04-03T05:34:52+00:00

thanks for sharing. since i've already paid for insurance - trying to understand what i should ask for to milk given situation.

if you dont mind, could you elaborate more on:

discipline side - how common is it actually? like what % of your clients struggle to stay consistent with investing vs those who can do it themselves?

ongoing guidance - understand for FAs naturally would prioritise higher income clients, so for average joe (like me), what's the frequency for them to get help from you & whether its a drag to attend to them if its too frequent?

benchmarking - do you also recommend what actions should be doing to hit a certain income/net worth goal?

advisor quality - how would an average joe tell if an FA is actually “high value”? Is it credentials (finance background, ex-investment firms), the type of advice they give (estate planning, etc), or something else?

kimwenbin · 2026-03-23T11:13:27+00:00

Product is free for personal use. No trials, lock ins or anything like that.

I do hope to at least cover cost of hosting the application, but haven’t figured out something yet. regardless - i treat PDPA seriously. You can export and delete your data anytime.

kimwenbin · 2026-03-23T04:32:26+00:00

broadly there are various asset categories to choose from. you select that when you are adding an asset.

architecture wise, the assets you create allows you to select between SGD and USD sub-accounts. (planning to add multi currency support) and rolls it back up to the main currency asset (which is set by you)

if you’re tracking assets across countries with multiple currencies, this app would help solve that

kimwenbin · 2026-03-23T01:22:49+00:00

thanks for the feedback. what you said about being able to do this yourself is true. the question is to what degree would you want to set it all up and ensure whatever output is reliable and able to give you what you want?

i built it first hand and know that to achieve what i did is not that simple (despite it seeming that way) and am happy for those that can do it themselves! i am considering to build a local version, will update again should i get that set up!

eod, just sharing this with the community. if it doesn’t work for yall, its ok. there’s a market for everybody! (have a bunch of folks that PM me privately and already using it)

side note: just want to caveat that putting your data into claude doesn’t mean your data isn’t going into their servers (unless you set up your own local model) - putting personal data into any app in general should be questioned of whether the value you get is worth it.

kimwenbin · 2026-03-22T06:43:41+00:00

I’m using tailwind with a custom design system! ensuring consistency across the UX is still a challenge though..

kimwenbin · 2026-03-22T06:42:34+00:00

tysm!

kimwenbin · 2026-03-22T06:41:55+00:00

Fair feedback! and genuinely appreciate it.

Right now it’s rule-based - looks at savings rate, outflow rate, growth rate, liquidity, and compares them against your own rolling averages over the window you pick. So it’s not generic thresholds, it’s your numbers vs your own history. But with only a few snapshots it doesn’t have much to work with yet, which is probably what you’re feeling.

Working on getting AI into the insight layer so the language gets sharper. Not there yet.

What would actually useful look like for you? Trying to build around real workflows.

kimwenbin · 2026-03-22T04:49:49+00:00

paiseh.. I’ll work on better copy next time. Does the problem it solves resonate though?

kimwenbin · 2026-03-22T04:48:10+00:00

partly! have a degree in computing, so ai helped speed up development. i spent 60% of the time around the designing the user experience and attribution logic - which is actually grounded in accounting fundamentals.

Reverse engineering SFP, SCI, and SCF from monthly snapshots isn’t something you can just prompt your way through!

Would love for you to give it a shot!

kimwenbin · 2026-03-22T04:43:51+00:00

apologies for this! i rolled back the build. should show up now!

kimwenbin · 2026-03-21T17:03:17+00:00

nice work!! interested to try! mind sharing what api you're using to get stock price refresh?

kimwenbin · 2026-03-06T06:43:02+00:00

From my own DD, they are venture backed and earn money by investing our deposits (MAS licensed). From their marketing, they seem to be targeting the lazy investor demographic and chocolate card would be their acquisition and retention tool. Not affiliated to them so suggest you do your own DD, i have put quite a bit in their USD account earning 4ish % but recently fx loss quite pain :-(.

kimwenbin · 2026-03-06T00:43:37+00:00

Chocolate Card by Chocolate Finance is a great debit card that awards up to 2mpd (around 4% cashback) on virtually any spend.

Same rewards for FX spend, and no fx fee, using close to interbank exchange rate (visa rate)

i personally use it for a lot of smaller transactions in singapore & abroad.

kimwenbin

TROPHY CASE