I think I am a bit with Nigel on this. There are a LOT of naive people out there as well as those who quite simply can't understand financial stuff.
If you are aware that you "aren"t very good at this sort of stuff" you look for someone who is qualified in the field for advice. I do the same with tradesmen, I am a hopeless handyman, so I get someone in who supposedly, is better at it than me.
They have read in the paper or have heard Paul Clitheroe or Koch say use a financial advisor, so off they go to a financial adviser and he/she puts them into something like this.
If the clients are retired or approaching retirement age then IMO it is very wrong to put a large percentage of their money into Mezzanine finance.
If they were young and looking for a high reward/risk investment fair enough, but there is no way people over 45 should be borrowing to invest in this I don't think.
But if that is what your government registered, professional financial adviser recommends then it would be hard NOT to take their advice wouldn't it? after all, you went there to get advice, why ignore it?
If you are aware that you "aren"t very good at this sort of stuff" you look for someone who is qualified in the field for advice. I do the same with tradesmen, I am a hopeless handyman, so I get someone in who supposedly, is better at it than me.
They have read in the paper or have heard Paul Clitheroe or Koch say use a financial advisor, so off they go to a financial adviser and he/she puts them into something like this.
If the clients are retired or approaching retirement age then IMO it is very wrong to put a large percentage of their money into Mezzanine finance.
If they were young and looking for a high reward/risk investment fair enough, but there is no way people over 45 should be borrowing to invest in this I don't think.
But if that is what your government registered, professional financial adviser recommends then it would be hard NOT to take their advice wouldn't it? after all, you went there to get advice, why ignore it?