A staggering 7% of all financial advisors in the US have been disciplined for misconduct. At some of the larger firms with thousands of advisors this number reaches mid double figures.
It’s difficult for an organisation with many advisors to adequately monitor all advice and the appropriateness for clients. That’s why at Providence we remain boutique, with a small number of advisors and a structure whereby our clients are supported by a team rather than an individual.
Trust in your advisor is paramount, as is supervision at all levels of an organisation giving advice.
Share this post
Share on facebook
Share on twitter
Share on whatsapp
Share on linkedin
Share on email
Providence is a leading boutique investment advisory providing independent, expert advice to high net worth individuals and NFP’s.
Level 9, 20 Martin Place Sydney NSW 2000 Australia