Checking out the advisers

• What they should do
  Advisers are there to help you identify your problems and goals so that they can help you develop a plan to reach these goals. They help you understand the risks associated with investing and provide advice on investments.
  
• What they have to tell you
  They must provide you with information about themselves so that they can establish their credibility with you. They must tell you what happens to your money if you allow them to manage it for you, what fees are they charging you and whether they receive any benefits from their recommendations.
  
• Don’t believe everything that you are told
  Remember their advice may be biased, and what is good for others may not be good for you.

Making informed decisions

• Risk returns relationship
  Bear in mind that high returns always come with high risks. If you want good returns, be prepared for the risk of losing it as well.
  
• Friends are not always the experts
  We tend to be influenced by our friends but it is important to remember that your friends’ objectives may not be yours. Their views may differ from yours. Also, their sources may be unreliable.

Six points to remember

1. Don’t just accept any advice
2. Fully understand the features of any investment
3. Understand the effect of each financial decision
4. Don’t put all your money in one basket
5. Get your advice in writing
6. Evaluate your financial situation frequently

Financial planning
In your financial planning, remember to set realistic targets and be realistic in your expectations. Always be in charge of your finances.