Bad advice and fraud
Most people have good intentions. Some people just don’t know how to act this out. But a very small part of the population genuinely have bad intentions. I will not cite past and current examples (Google will bring up plenty) but the financial planning industry has some very high profile cases of individuals and organisations doing the wrong thing by clients. I won’t get into why it happens, other than to say basic human greed is usually the root of it all. What I wish to comment on is how I give reassurance and comfort to my clients that I won’t go bad and steal their money. Trust To work successfully with my clients, they must trust me. Trust that I will give them appropriate investment advice. Trust that I know what I am doing...