I reckon that if an advisor is sure that an investment will do well, they should have at least the same amount of money invested in the project themselves (and are in it for the same term).
I reckon that if an advisor is sure that an investment will do well, they should have at least the same amount of money invested in the project themselves (and are in it for the same term).
I think they should be willing to prove what sort of profits they have made also, as a confidence booster to the investor !
If they have none of the above - why not??
I recently got in touch with a financial adviser friend of one of my family and had done well for them, I knew the product I wanted after researching AAM and the financial institution itself, I wanted to put a lump sum and a regular monthly contribution in, i was advised I would have to open 2 seperate policies one for the lump sum and one for the regular monthly payment fund, I then phoned the institution and they said no I could put both into the one fund, I called him on it and he was surprised you could do this, needless to say I did no business with him. I wonder was he trying to get 2 commisions from me.Make sure you have your own research done.
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