Podcast 296 - BEWARE OF CROOKED INVESTMENT ADVISORS
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Podcast 296 - BEWARE OF CROOKED INVESTMENT ADVISORS
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"A FOOL AND HIS MONEY ARE SOON PARTED". Investment advisors love clients who never question what they are doing with their client's money, Many clients put their blind faith in an employee of a large financial institution who is being paid by that institution to transfer as much of the client's money as possible from the client's pocket to the bank's pocket.
Learn in this week's podcast how this is done legally with fees, charges and commissions that you agreed to in the small print of the investment contract you signed with the the financial institution your advisor works for. You can also be the victim of a dozen legal illegal schemes such as conversions, embezzlements, misappropriations, churning and unauthorized trading.
What red flags should you be looking for in your monthly statements. Ten warning signals are detailed in this podcast.
Safety is found by taking back total control of your portfolio as a self-directed investor.
Ian Duncan MacDonald
Author and Commercial Risk Consultant,
President of Informus Inc
2 Vista Humber Drive
Toronto, Ontario
Canada, M9P 3R7
Toronto Telephone - 416-245-4994
imacd@informus.ca