It is interesting to note that the requirement for a financial adviser to act in a fiduciary capacity for their client is only now being written into the law. Surely, there was always a presumption that this was the case. Not so apparently. No wonder some financial planning &wealth management firms became little more than product sellers earning a commission or other incentive. I have had this done to me from well known organisations in Australia. Needless to say, i didnt usually buy and the one time i did, lost everything in that investment - almost as million dollars.
David Millhouse
www.millhouse.co
I am an international entrepreneur with over 30 years in venture capital and private equity internationally. A specialist in venture financing and capitalisation, and the management of high growth companies, many of which proceed to IPO. I have 30 years of publications and media on my professional activities and have had a stellar career at CEO level since 1983
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