Weekend Argus (Saturday Edition) - - GOODPUZZLES -

larger busi­nesses that have in­vest­ment plat­forms – for ex­am­ple, Ci­tadel, Old Mu­tual Wealth and PSG.

Kop says if ad­vis­ers in th­ese prac­tices rec­om­mend a plat­form within the busi­ness or its wider group of busi­nesses, the ad­viser should still be able to jus­tify to you why he or she is rec­om­mend­ing that plat­form.

In terms of the Fi­nan­cial Ad­vi­sory and In­ter­me­di­ary Ser­vices Act, an ad­viser must tell you how much he or she earns from a par­tic­u­lar prod­uct provider, in­clud­ing an in­vest­ment plat­form.

You should also ask whether the ad­viser has con­tracts to place in­vest­ments on other plat­forms or di­rectly with cer­tain as­set man­agers and whether he or she will ad­vise you on any of your existing in­vest­ments that are not on the plat­forms they rec­om­mend. – Laura du Preez

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