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How to deal with Bangkok’s illegal financial advisors

April 14th, 2011 · No Comments

Most of Thailand’s English speakers have had run-ins with these telephone stalkers. Here’s how to put a stop to the cold calls for good
By Greg Lowe

It would plain wrong to accuse all so-called “independent financial advisors” operating in Thailand of being low-life, scum-sucking, rip-off merchants; heels who divide their time between skanking people out of their hard-earned cash and selling grannies.

So let’s be fair and accurate: I’m only talking about 90 percent of the IFAs that I’ve had dealings with in Bangkok.

I’m sure there’s at least a handful of decent professional firms out there that offer sound investment advice, operate according to strict ethical standards and, as a result, have a growing list of happy clients who willingly recommend their advisors to friends. But then, they’re not the tossers who keep cold-calling you at work and refuse to take no for an answer, are they?

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Tags: Bangkok · · opinion

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