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

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Eskom blinks, offers striking workers inflation-linked wage hike

Eskom blinks, offers striking workers inflation-linked wage hike

Workers downed tools last week amidst reports of damage possibly resulting in load shedding. EWN’s Gia Nicolaides reports...

South Africa’s draft Mining Charter 3 for dummies (highly intelligent ones)

South Africa’s draft Mining Charter 3 for dummies (highly intelligent ones)

The Money Show’s Bruce Whitfield interviews Strata Legal (Pty) Ltd Director Brandon Irsigler.

MTN, Vodacom spend gazillions to convince us they’re awesome. Are you convinced?

MTN, Vodacom spend gazillions to convince us they’re awesome. Are you convinced?

Ad expert Andy Rice slams what he calls “MTN and Vodacom’s childish fight as to which one has the better network”.

'A million people are waiting for housing in Addis Ababa'

'A million people are waiting for housing in Addis Ababa'

The Money Show’s Bruce Whitfield interviews Lee Kasumba, who is in Addis Ababa, Ethiopia’s booming capital city.

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
Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Stage 1 load s​hedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.

Man who dumped body of family dog in street demoted at top JHB law firm

Man who dumped body of family dog in street demoted at top JHB law firm

Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.

SPARK Schools provides Singapore-quality education for R19 400 per year

SPARK Schools provides Singapore-quality education for R19 400 per year

Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.

Get ready for another round of load shedding as Eskom workers shut down power

Get ready for another round of load shedding as Eskom workers shut down power

Eskom spokesperson Khulu Phasiwe says the power utility has instructed municipalities to implement stage one load shedding.

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

Video footage emerged on Facebook showing two fishermen brutally kicking and stabbing the animal.

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

The Springboks won a Test game against England on Saturday under the captaincy of Siya Kolisi.

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

The man has told the Sandton SPCA that he could not locate a nearby veterinary clinic in order to dispose of the dog's carcass.

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Callers on The Eusebius McKaiser Show stand behind Ashwin Willemse who walked off the Supersport Rugby set on Saturday.