I have always been intrigued why investors don’t insist their advisers are chartered.
So many advisers do not take the time and effort to reach chartered status. Why not?
If you ask an adviser why they are not chartered, you always get a reason that explains why they haven’t gone through the process. Some say its experience that counts. I agree, but that doesn’t stop anyone being chartered. Others say the public doesn’t care. That may be true, but that’s because if someone is regulated, the public thinks that is enough. It is for regulation but it shows little self-discipline to be professional.
Perhaps the next time you get advice, set yourself some minimum standards for the advice you want to receive. Make sure when you take advice, insist they are chartered.