The Telegraph today published 'Ten tips to spot rip-off financial advice'. Helpful, we think you'll agree. But do you find yourself, or see any of your peers or colleagues, committing any of the following?
"Rip-off financial advice, intended to generate commission for the intermediary rather than gains for the investor, is becoming more - not less - widespread," the Telegraph writes, citing 'some experts'. Here are its ten tips for consumers to identify warning signs and avoid rip-off financial advice: Hello, stranger! If you are contacted by a financial adviser you dealt with in the past but who has not been in touch for more than a year, you might ask why he or she is so keen to do business now. Steve Wilson at Alan Steel Asset Management explained: "The chief executive of a major l...
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