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Learning, Sharing, and Teaching => Investor Alley => Topic started by: BPA on February 28, 2014, 05:38:59 AM

Title: Canadians: CBC Marketplace Investigation Being Aired Tonight
Post by: BPA on February 28, 2014, 05:38:59 AM

http://www.cbc.ca/news/business/hidden-camera-investigation-uncovers-atrocious-investment-advice-1.2553560 (http://www.cbc.ca/news/business/hidden-camera-investigation-uncovers-atrocious-investment-advice-1.2553560)

It sounds like stuff most of us here already know, but for friends and family, it might be an eye opener.

Title: Re: Canadians: CBC Marketplace Investigation Being Aired Tonight
Post by: ratrationale on March 02, 2014, 09:02:39 AM

Thank you for the link. I saw the show when it aired, it was scary to see how bad some financial advisers were answering questions and misleading investors.

Title: Re: Canadians: CBC Marketplace Investigation Being Aired Tonight
Post by: Self-employed-swami on March 02, 2014, 09:09:39 AM

I don't even want to watch this, it's just going to make me mad.

I have a financial planner.  I know that I pay a premium for his services (through management fees), but I have investigated him to the nth degree, and I trust him.  He's made me a fair bit of money, and I started with him at a time where I wasn't in a place (emotionally) to make financial decisions, and he was very valuable, and never took advantage.  He also communicates directly with my new business accountant, so they can plan the taxable events properly.

But, he has training and certifications, unlike so many out there, who call themselves financial advisors/planners (like people from the pyramid schemes).

Title: Re: Canadians: CBC Marketplace Investigation Being Aired Tonight
Post by: Self-employed-swami on March 02, 2014, 05:18:23 PM

I watched it online, and it did make me mad!  I've always hated bank's financial advisors.