Be cautious about where you seek financial advice

The lockdown has been a very interesting time for many financial advisers. Now that people have more time on their hands and are mostly in front of their computers, there seems to be a greater need to get their financial affairs in order. This is a very good thing.

Over the years, I have noticed how many interesting and sometimes dangerous conversations about money take place on many different platforms. A recent observation is that on social media, recommendations of a financial nature are often dished out by popular individuals who have no relevant experience, appropriate qualifications or authorisation – often to a gullible and potentially ignorant public.

The reality is, financial advisory work and the world of investments in general can be complex, is multi-faceted and requires a lot of customisation. Money, like health, affects every aspect of your life and should be treated with caution and respect both from an adviser and client perspective. Particularly now, with world economies in disarray and livelihoods at stake.

This article is published in Business Live. Please follow the link below to read the rest of the article.

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