facebookIs it true that some Independent Financial Advisors have some kind of agreements with some Robo-advisors to promote their services? - Seedly

Advertisement

Anonymous

09 May 2020

∙

SeedlyTV

Is it true that some Independent Financial Advisors have some kind of agreements with some Robo-advisors to promote their services?

In this case, are they still independent and is it legal?

SeedlyTV S2E04

Discussion (1)

What are your thoughts?

Learn how to style your text

Lim Boon Tat

09 May 2020

Mathematics at Cambridge University

This is an interesting question. I think legally, Financial advisors are obliged to divulge how much commissions they are deriving from any of the recommendations they are giving to you when you ask for it (and i believe the law allows for you to ask them for the EXACT amount, not just a rough figure). Having said that, everyone needs to make a living, so you can hardly expect the fee to be zero.

Write your thoughts

Advertisement