Financial advice is not something to be given by or received from a novice. Many jurisdictions have implemented regulatory, accreditation and licensing schemes for financial advisers and other financial service delivers. Among the broad-spectrum of finance advice services in the marketplace are internal services in banks. Generally speaking, banking financial advice is not always at the top end of the quality of service and advice. There is a strong tendency in the banking sector for a bank’s financial advising service to advise the client or member of the public to invest in the existing bank products. Of the range of service providers available, the banks, as much as any polarized adviser recommended for their own purposes as much as for yours. The saving grace in the instance of the bank is that although their products are generally conservative and low yielding, they are secure and stable. In what has proven to be a volatile broad marketplace, that has proven to many to be a plus.
The broader industry contains specialists in various aspects of finance and the diversity of the specialities is not unlike the diversity of medical specialists. The elements of the speciality are completely know [or at least way beyond the norm] by the specialist in their own speciality area of expertise. The level of expertise may be significantly lower in another area of speciality. There is the potential to be advised one thing by one specialist and advised differently by another specialist in financial matters because of their different specialities. In a financial context, the broadness of the considerations can make this a negative. An observation that has been made is that top end financial advisers are cynical, extremely cautious and very distrusting. That may be the product of their experience. They had seen their share of Booms and busts.
Our most senior finance specialists have MBA qualifications in finance. We presently have one and have had up to three during our 12 months of operation. We look to recruit good people to provide quality service and target is to have two permanent personnel with MBA qualifications in our Finance Department. Generally speaking, we try to staff the entirety of our Finance Department with personnel holding appropriate degrees, economics, accounting, finance. There are some clerical staff and support staff engaged particularly for their skill set.
We have a quality assurance program and a direct point of contact and attention in the event that you have any concerns. Finance issues is a specific topic in quality maintenance and control and you are welcome to direct any queries, comments or statements there for attention from the separate issue management section.
Please rest assured that our financial assistance provided by our finance specialists will be effective, functional, achievable affordable and valuable to you.