Avoid what’s too good to be true
Avoid what's too good to be true
Everyone has heard horror stories about people who’ve lost their life savings after falling for the advice of some investment 'expert’ promising fantastic returns.
These are not urban myths, but real life stories which appear in the news on a weekly basis. At Reeves, we’ve a number of clients who, before they came to us, had fallen victim to scams or to plain old-fashioned bad advice.
There’s one golden rule which applies in all cases and that’s to ensure that your adviser is reputable, qualified and properly authorised. There’s nothing wrong with an adviser contacting you offering their services – we do that – but make sure that before you engage with them, you check them out thoroughly.
At Reeves, for example, we’re authorised and regulated by the FCA (Financial Conduct Authority) and that can be confirmed by looking at the FCA register, available online. We’ve been established for over 20 years and have numerous third-party references which can be viewed on Linked In. We only invest in regulated products, which are thoroughly researched by our team of research assistants, all of whom are graduates, and we never put all your money into one investment but always into a diversified portfolio.
The costs of not using a reputable and accredited adviser can be severe.