on September 2, 2025, 7:45 pm, in reply to "I’m a mate of one of the 2 financial advisors in this case "
On the flip side my accountant head says you cannot get persistent above market returns without consistently taking above normal risks and having above trend luck and/or inside information (which was also a prevalent issue and remains so). Financial advisers should know that and ensure they hammer it home to clients at every turn. Unfortunately many where (and are) both less qualified and less scrupulous than they should be. 
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Had his version of events which is very different from tonight’s bbc documentary. Have a lot of sympathy for him knowing the other side of the story.
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Saw the Thatcherite ‘dream’ pursued very aggressively with people with some money chasing more money and areas like investment and wealth management running out of control with regulation ineffective and several steps behind best practice. It was also an era when most agents were spivs. A terrible combination for any footballer who was less than careful and financially literate (99% of them).
The investment & wealth management area is still not the best regulated but has come a fair distance from its lowest point. Just as importantly mainstream major agencies at least employ proper lawyers and accountants who can sniff out some of the crap but tax minimisation continues to be seen as a positive investment objective rather than the high risk social burden it is. The smaller agencies and those with ‘family representation’ likely remain pretty much wide open to exploitation. Previous Message
The section in the Duncan Ferguson autobiography getting mixed up in such a scheme. Previous MessagePrevious Message
financially, Sean Davis too, now working as a painter & decorator. Weren't we in for him at one time?
https://www.bbc.co.uk/sport/football/articles/cg7jn722rkeo
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