recruitment of financial advisers?

i have just received this unsolicited email:

Dear Sir/Madam,

Smart Recruitment delivers fast-track office staff and executive resourcing – interim management and permanent recruitment – leveraging our extensive talent bank of junior and senior executives of diverse industries and background.

Our clients are typically SMEs, MNCs and Listed Companies of diverse industries in Singapore and the region.

We’re Singapore’s fastest-growing office staffing and executive recruiters , with a unique, full-service process – a balanced blend of technology and personal service. Our approach attracts both top-quality candidates and client opportunities, and enables us to rapidly and effectively match them together in successful placements.

Our team of talented recruiters is comprised of recruiting professionals who are among the most experienced in the industry. We manage each of our client relationships with the highest degree of professionalism, integrity, confidentiality, tact and urgency

Our Rates & Services:
1. PERMANENT PLACEMENT
SGD 1500 - 2000
60% of the first month’s salary with 1 month’s guarantee
SGD 2001- 5000
70% of the first month’s salary with 1 month’s guarantee
SGD Above 5001
80% of the first month’s salary with 1 month’s guarantee

Terms of Payment : 7 days from date of Invoice

2. TEMPORARY PLACEMENT - For employment period less than 1 month : S$200.00
- For employment period between 1 - 2 months : S$300.00
- For employment period beyond 2 months : same as Permanent Rate Note : Above rates are for one time charge to employers only.

Terms of Payment : Immediate .
SERVICE GUARANTEE: This applies to Permanent Placement Service only. The Agency guarantees that the staff will work for a minimum period of 1 month. In the event that the staff resigns or found not suitable by the Employer within the one-month trial period, the Agency will undertake to find suitable replacement at no extra charge subject to a maximum of 2 replacements. Failing which, the Agency will refund 50% of the Invoice amount to client on the condition that the placement fee has been settled within 7 days from the date of the Invoice.
Please do contact us if you have any staffing needs. We are glad to be your recruiting partner.

Best Regards

Emily Choo
Recruitment Consultant
DID: 63104420, 62968770

www.smartrecruitment.sg
SMART RECRUITMENT (J172601H)
38 Genting Lane, #02-04 Metal House Singapore 349553

This is a genuine business advertising message. If you wish to opt out and remove from our regular mailing list, please click here or Call 68991778. We apologise for any inconvenience caused.

my comments:

i'm not intentionally giving a free plug for smart recruitment but outsourcing recruitment for wannabe financial advisers to join promiseland independent is strictly a no-no for us.

when a prospective wannabe fa intends to join us, he/she will first have to go through an informal chat/interview with moi. if i deem the person to be suitable, i will then refer him/her to my md, mr david choo who will then meet-up with the person for another assessment.

and last but not least, the wannabe fa will have to go through other rounds of stringent checks before he/she can be certified to be 'fit and proper' before we submit his/her application to the monetary authority of singapore. this is even more significant now that the rnf (representative notification framework) has come into effect from november 26, 2010.

therefore, we can and will not entrust the recruitment of wannabe financial advisers to be outsourced to any 3rd party (with all due respect to any recruitment company).

in the final analysis, once we admit any rouge fa into promiseland independent, we shall have added the exposure or potential for this person to bring the whole house down, at any point in time in the future.