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Old 24.03.2012, 15:52
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Self-regulation by financial advisers

What does it guarantee for their clients? Take FE!FA, for example, with these members in Switzerland as well as reportedly this one ("director of ... said FE!FA often referred non-UK firms passporting into the UK to his business" source).

Not a lot, according to this: The next big scam...?
Quote:
Recently however, it seems companies with links to these origins, are taking a stand. Yes, they’re cleaning up their act ! Presenting a whole new image !
Good, I hear you say ?
Well before you get too excited, all is not what it seems.
Sounds similar to "OFTA":
Quote:
...a club for offshore brokers wishing to ...
OFTA may not be a particuarly reliable source of information regarding any of his organisations, as ...
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Old 24.03.2012, 16:28
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Re: Self-regulation by financial advisers

Simple rule. Any financial adviser who charges you a fixed fee for advice - at least has the right incentives in place. He may or may not be very good at what they do, but they have no reason to gouge you with products/schemes not suitable for you.

Any one who makes money from commissions / or a % of your invested assets / or from trading in and out of investments - naturally has incentives that conflict with yours. Experience suggests that they will very likely make money at your expense. Avoid them if you can.
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Old 26.03.2012, 11:31
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Re: Self-regulation by financial advisers

FE!FA partnered with S Group, whose trust company shares a manager with Ve Neer and acts as trustee for QROPS from a provider company launched with Ve Neer's help.

Other FE!FA partners, including Australian-based advisory firm.
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