Get to know independent financial advisory companies in Indonesia

financialtreat – will explain about Getting to Know Independent Financial Advisory Companies in Indonesia which you will get in the following article. let’s look at this article carefully!

The existence of this Independent Financial Advisory Company may still be a layman and a fairly new profession. Not all parties are familiar with this financial profession. if you like thinking and autonomy in making a decision.

This Independent Financial Advisory Firm can be used as an alternative for those of you who are experiencing your financial problems. There are so many types of these types about financial advisors. however, independent financial advisors perform well, as these financial advisors focus on your needs and solve your problems.

History of Independent Financial Advisory Firms in Indonesia

This financial advisor is a profession in the field of financial planners. This profession has actually been in Indonesia for a long time. around the 2000s, the emergence of professional certification in the field of financial planning. aims to make planners more professional at work, have standards of knowledge, experience and competence towards regulations and ethics.

Until 2015, the financial planner professional certification recognized by the Indonesian government is the CFP (Certified Financial Planner) certification. The CFP license is a world-recognized license for the field of financial planning. There are many stages that must be passed to become a CFP, such as financial education, experience in finance, understanding and complying with the code of ethics and passing professional certification exams.

List of Independent Financial Advisory Firms

The financial planner profession in Indonesia is currently still not much. Approximately the number of active financial planners is around 1,000 people. The majority of them are financial planners tied to financial companies, such as insurance agencies, salespeople in securities and banks.

1. Financial Company

One example of my financial company is an independent financial planning company. We do not sell any financial products, we only offer consulting services, seminars and training as well as applications for managing and planning family finances (we are developing).

2. PT Jouska Indonesia

In addition to financial. There are also others such as the up-and-coming independent financial advisory company, PT Jouska Indonesia, which is widely discussed because it is suspected of costing its clients tens of millions of rupiah.

This happened because Jouska directed their clients to its business partners, namely PT Mahesa Strategis and PT Amarta Investa, which are securities companies that are also owned by Jouska’s co-founder and CEO, Aakar Abyasa Fidzuno. A securities company is a company engaged in buying and selling securities (such as stocks and debt securities).

Directing prospective customers to an investment manager or securities company is the job of a Securities Trader Intermediary Agent (APPE). Meanwhile, an investment adviser is a party who advises other parties regarding the sale or purchase of securities in exchange for services.

• Why financial planners should be independent

Financial adviser is a general term given to an expert in the field of finance who briefs his clients regarding financial activities. One type of financial advisory profession is a financial planner.

A financial planner is a certified professional who assists an individual or company in achieving its long-term financial goals. Planned components could include cash flow, investments, insurance, taxes, pensions, and inheritance. According to the standards of practice, the financial planning process is:

  • Build relationships with customers
  • Collecting customer information
  • Analyze and assess the financial status of customers
  • Develop financial planning recommendations and communicate them to customers
  • Implement customer financial planning recommendations
  • Reevaluate the customer’s situation

In providing its recommendations, the financial planner must uphold the highest standards of ethics and professionalism and consciously put the interests of his clients first. If they have a conflict of interest then the risk of the client getting a loss due to improper recommendations can occur.

The recommendations given should be the best for the client. Financial planners must be able to educate their clients regarding these recommendations so that clients really understand and can make decisions well.

The financial planner himself does not have the authority to directly manage the finances of his clients in transactions, and if the financial planner is affiliated or earns a commission from the recommendations given, then the fact must be disclosed to his client so that there is no conflict of interest.

Although there are many loopholes in financial planning regulations in Indonesia, what is certain is that a financial planner should not sell an investment product because they have different permits, as well as potential conflicts of interest and customer losses as described above.

Jouska’s case is an example. They recommend investing in stocks that are indicated to be manipulated or known as fried stocks to aim for big profits quickly because when they get an investment profit, Jouska’s commission will be large. But what happens is a loss and the client is the most disadvantage party.

Read more financial independence:

• The Importance of Literacy

Therefore, it is important for us to always improve financial literacy or a person’s ability to make wise financial decisions to improve their economic welfare.

Professor Richard Thaler, winner of the 2017 Nobel Prize in Economic Sciences, said that humans make economic decisions irrationally. Many past studies have described gree and fear as two emotional states of the perpetrators that drive the capital market.

Realizing this human fact, we must learn to be more rational and less emotional in making financial decisions. Some of the lessons that can be learne from the Jouska incident are for us to be more sensitive to the legal status, business processes, and background of a financial management organization.

The same is true in investing; we must be more prudent and careful in allocating assets. Keep in mind that the risks and profits obtaine are moving in the same direction. The higher the potential profit obtaine, the higher the probability of us experiencing losses.

Cases of fraud are also very rampant, especially considering the current difficult conditions in the midst of a pandemic and economic crisis. The more sophisticate the technology in our lives, the more sophisticate the modes of deception, so we must be more careful in dealing with them.

PT Jagartha

PT Jagartha Advisors officially became an independent investment advisory company after obtaining a financial services agency (OJK) license on March 29, 2018. The role of an independent investment advisor in Indonesia itself is still not quite familiar in the capital market industry. When compare to neighboring Malaysia, investment advisers contribute 70% to mutual fund product offerings.

Base on data from the Indonesia Stock Exchange (IDX), local investor ownership until May 2018 increase to 52.21% of the market capitalization which reache Rp6,450 trillion. However, Ari said that the increasing trend of local investors’ contribution in the capital market must be accompanie by an understanding of investment by investors.

One of the parties that is expecte to play a role in providing education is an investment advisory company. We hope to be able to maximize investment analysis from an investor’s point of view. On the same occasion, the Founder and Director of PT Jagartha Investment Advisor, FX. Iwan, admitte that he would try to help the government increase financial inclusion in Indonesia, through investment.


For the long term, Jagartha Advisors will take a digital technology-based approach, especially for the millennial generation. This also refers to data from the Indonesian Central Securities Depository (KSEI) which shows that as of April 2018. The number of Indonesians who invest is still in a percentage of 0.5% or around 1.3. Million people from the total population of Indonesia as many as 260 million people.

Financial Focus

Financial Focus is an Independent Financial Planning Consultant with a specialization. In Investment in the form of a Limite Liability Company base on the Notarial Deed of Syarifah Chozie. SH, MH on April 24, 2013 in Jakarta. PT Fokus Keuangan is engage in Management Consulting Services (Business and Human Resources) suc as Investment Planning. Financial Planning, and Financial Education and Training.

Indonesia’s economic growth, which continues to increase, encourages the level of welfare and the increase in population wealth.

Limite time due to working in an office or running a business. Encourages the need for independent financial planner services to help provide advice in achieving the desire financial goals. Base on this background, we took the initiative to establish a Financial Focus. As a solution in making financial and investment plans to achieve your financial goals.

Such are the reviews of several Independent Financial Advisory Firms. The above information aims to introduce readers to the independent financial advisory profession. Well, hopefully the explanation above can add a new reference.

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