Ndubuisi 'Andy' Egwim warns that financial advisors often prioritize sales over your interests. Banks have disabled ATMs to force customers into branches for product pitches. Always verify your advisor's qualifications and reviews before trusting their recommendations.
Unfortunately, when doctors go off and say, oh, I have this financial advisor, and they said this and that, I'm like, who has used that financial advisor before? What are their qualifications and what are the reviews? Basically, we tend to have a little bit more stringent when we look at advice or anything coming from the financial industry, because, yes, there have been rules. And for the last couple of weeks, I've been studying so many times, the financial industry ripped people off. And, you know, then the rule came into being, and I had a maybe former banker saying how they will put off the ATM machine so that people have to come into the banking hall and then they'll try to sell them products. So the financial industry has always had those problems. Not everyone who works in the financial industry is a crook. But unfortunately, the standard of ethics is not quite the same.
