The right financial advisory rep

Getting the best out of advisory process

Financial advisers and their reps must have a reasonable basis for the recommendations that they make, after taking into account your investment objectives, financial situation and personal needs.
Financial advisers and their reps must have a reasonable basis for the recommendations that they make, after taking into account your investment objectives, financial situation and personal needs. PHOTO: ST FILE

Financial advisers and their representatives are regulated under the Financial Advisers Act and/or the Insurance Act. Here are some things you should know about the Act and the financial advisory process.

A These are:

• Providing advice on investment products such as securities (including unit trusts), futures contracts, foreign exchange and leveraged foreign exchange contracts, and life insurance policies (including investment-linked life insurance products);

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A version of this article appeared in the print edition of The Sunday Times on March 25, 2018, with the headline 'Getting the best out of advisory process'. Print Edition | Subscribe