Behind the scenes at Murray Round...
Tuesday 12 May 2009
In the world of advice, there are countless product providers looking to promote their investments. It is our responsibility to carry out diligence on behalf of our clients. In many circumstances our clients do not even hear about these products because they do not pass our due diligence process.
It is our job to shield our clients from inappropriate investments.
I often say to clients that the way to obtain a successful investment experience over time is not to make mistakes. That means not buying investments that are inappropriate, or perhaps selling at the wrong time, or following the next fad or as I heard, being a contrarian even (as someone said, if your house is on fire, you get out like everyone else!).
Yet advisers are faced with a barrage of products from insurance and investment providers, as such an advisory firm must have a thorough due diligence process to protect their clients from poor investments and by contrast, recommend excellent opportunities.
Some advisers use these so called new opportunities as product selling opportunities...be wary of new many new and exciting opportunities!
I wanted to post an example of the marketing from investment products providers but Regulation permits me from doing so, as it would illustrate what these product providers say to encourage advisers to sell their products.
My message is when you are looking at new investment opportunities, ask yourself, are you absolutely sure you understand the risks…and perhaps more poignant, be absolutely sure your adviser understands them. It's your money after all…
posted by Murray Round Wealth Management @ 16:07,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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