Trust me, I'm a financial planner


Trust me, I'm a financial planner

Gavin Foster reports how a renowned British author is among those talked out of their life savings by smooth-tongued advisor, Peter Ronald who, between commutes to London, leads a luxurious life in South Africa on his Blueberry Hill wine farm in Franschhoek.

British author and columnist James Delingpole and freelance journalist Anna Bruning are, like most writers, avid readers. Pity, then, that they didn’t read what the author of Gorky Park, Martin Cruz Smith, had to say about financial advisors: “As a novelist, I tell stories and people give me money. Then financial planners tell me stories and I give them money.”

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Submitted by : W SAUNDERSON-MEYER of MORNINGSIDE on 2013-07-01 13:21:32
It's nonsense to blame the victim. It is not 'greed' to take the advice of someone you trust. There are, indeed, financial advisers who manage stellar returns -- although rarely consistently -- and are not crooks. And as Delingpole points out, if a client trusts and adviser, it is pointless to second-guess their every move. Even if one does, as Bruning soon did, it can be too late.

William
 
Submitted by : Pete Swanepoel of MONTCLAIR on 2013-06-30 12:19:35
Bruning: "I was a victim of affinity fraud" - That, and greed. Until she understands that, she'll remain vulnerable.

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