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

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


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