“You’re either guilty or you’re not”
You can’t be a little pregnant… you either are or you are not”
Black and white.
You either act in a client’s best interest or you don’t. If only…
The world of finance and wealth advice navigates against black and white—instead, it’s all shades of grey. Wealth Managers like the concept of being a little pregnant!
Your adviser may say, of course, they act in your best interests, but if they work for a wealth manager selling restricted advice, can that be true? ( A little pregnant)
What if an adviser or wealth manager explained that the advice they give is biased in favour of the products and services they recommend? How does that sit with you? (Yes, definitely pregnant)
You may say, it’s okay because the adviser is such a ‘nice’ person. Should you be making financial decisions based on ‘niceness’? ( A little pregnant)
People assume those they employ will act in their best interest, but few really ask pertinent questions to work out whether it is true or not.