Don't be captive to your adviser

I have spoken previously about the concept of 'captivity' (the financial type), where investors put themselves in the position of being completely reliant on their lender or other service provider. Decisions made by the service provider can have costly, or disastrous, outcomes if you don't have another choice. A case study from a member shows that the warning can be just as applicable in the context of financial advisory relationships. The couple (let's call them Mr and Mrs Jones) had been advised by their adviser to invest through a platform (a fairly common approach). Platforms come in different forms but...

I have spoken previously about the concept of 'captivity' (the financial type), where investors put themselves in the position of being completely reliant on their lender or other service provider. Decisions made by the service provider can have costly, or disastrous, outcomes if you don't have another choice.

A case study from a member shows that the warning can be just as applicable in the context of financial advisory relationships.

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