MyMoney Online, The Personal Finance series with Warren Ingram

How to spot a crooked financial advisor

(Also read "Is your investment advisor useless?" and "How to break up with your financial advisor".)

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital, for his weekly personal finance feature.

Ingram discussed how you can spot a crooked financial advisor.

Scroll down for quotes from the audio below.

20% to 30% of financial advisors are outright crooks.

Warren Ingram, Galileo Capital Financial Advisor

A promise of very consistent returns is a bad sign.

Warren Ingram, Galileo Capital Financial Advisor

If you never see anything directly from the product provider, it’s a bad sign.

Warren Ingram, Galileo Capital Financial Advisor

Go to fpi.co.za to find a good advisor in your area. Interview two or three; ask them how they’re remunerated.

Warren Ingram, Galileo Capital Financial Advisor

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : How to spot a crooked financial advisor


Recommended

by NEWSROOM AI
Read More
Hottest JSE-listed shares to buy, right now (by Arqaam Capital)

Hottest JSE-listed shares to buy, right now (by Arqaam Capital)

The Money Show’s Bruce Whitfield asks portfolio manager Ashraf Mohamed what he is buying right now.

Does South Africa need a special 'State Capture Court'?

Does South Africa need a special 'State Capture Court'?

The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.

How a farm boy became a businessman (and an inspiration to Thabo Mbeki)

How a farm boy became a businessman (and an inspiration to Thabo Mbeki)

Bruce Whitfield interviews Mkhuseli Khusta, author of “To Survive and Succeed: From Farm Boy to Businessman”.

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

The Money Show’s Bruce Whitfield interviews Nkayi about her attitude to money (hopes and fears, successes and failures, etc.).

How to break up with your financial advisor

How to break up with your financial advisor

It’s tough (especially if he’s a nice guy and not all bad) but you can do it, says Financial Advisor Warren Ingram.

Is your investment advisor useless?

Is your investment advisor useless?

How do you know if your investment advisor is useless? Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.

Popular articles
Let your nose decide if docci claims into perfume industry are true

Let your nose decide if docci claims into perfume industry are true

Claims have been made that the perfume industry don't want consumers to know the real cost of making these products.

Rail Enforcement Unit to be rolled out this week in the WC

Rail Enforcement Unit to be rolled out this week in the WC

The unit is aimed at curbing crime on trains as well as the destruction of railway infrastructure.

WATCH: Monkey takes the wheel, and Trump says climate change will "change back"

WATCH: Monkey takes the wheel, and Trump says climate change will "change back"

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Ramaphosa sets the ball rolling for the appointment of new NDPP

Ramaphosa sets the ball rolling for the appointment of new NDPP

Several legal entities and independent public institutions have been asked to help select possible candidates for the position.

Snakes season is here and if the crawlies visit you, here's what to do

Snakes season is here and if the crawlies visit you, here's what to do

Snake handler Willem van Zyk of Blouberg Snake Rescue says he's already being kept busy with callouts.

'VBS stolen money bought the most useless things like Ferraris and helicopters'

'VBS stolen money bought the most useless things like Ferraris and helicopters'

Deputy editor at Finacial Mail Sikonathi Mantshantsha says it is mind-boggling why no one has been arrested in the VBS saga.

Cape Town tenants could see property prices ease up, says RE/MAX

Cape Town tenants could see property prices ease up, says RE/MAX

The Cape Town rental market is said to be experiencing a major correction phase after an unjustified period of escalated prices.