MY FATHER LEFT AN INHERITANCE TO MY CHILDREN AND APPOINTED SANLAM AS TRUSTEE OF THEIR MONEY UNTIL AGE 21.
SHOCKINGLY I FOUND OUT THAT THE APPOINTED TRUSTEE IS A ADMIN CLERK, HAS NO FINANCIAL SKILL OR BACKGROUND AND NO IDEA WHAT TO DO.
YOU HAVE TO PAY SANLAM A FEE FOR THE SERVICE-WHAT SERVICE-HOW CAN YOU APPOINT AN ADMIN CLERK AS TRUSTEE THAT MUST MAKE FINANCIAL INVESTMENT DECISIONS .
THIS IS HOW THEY DO IT-
THEY CONTACT A FINANCIAL ADVISER TO GIVE THEM ADVICE ON WHAT TO DO -THIS YOU HAVE TO PAY FOR INITIAL AND ANNUAL. YOU THUS PAY SANLAM, ADVISER AND THE FUND HE SELECTS (3 TIMES)
SHOCKINGLY AGAIN, THE ADMIN CLERK AS TRUSTEE OF MY CHILDREN FUTURE HAS NOT BEEN ABLE TO COME TO ANY FORM OF INVESTMENT DECISION AFTER 14 MONTHS.THE MONEY HAS BEEN SITTING IN A BANK ACCOUNT EARNING 4% INTEREST.DURING THIS TIME THE JSE ALL SHARE INDEX HAS GROWN BY 33%.
THE BEST SANLAM COULD DO WAS 4% INTEREST.
BEING SUCH A MIGHTY COMPANY I WOULD HAVE AT LEAST EXPECTED A TRUSTEE TO BE A FINANCIAL GURU.
MAKE SURE YOU UNDERSTAND THE STRUCTURE AND PERSONNEL OF THE COMPANY YOU APPOINT AS TRUSTEE FOR ANY INHERITANC
14 MONTHS!!! NO CLUE ON WHAT TO DO OR WHERE TO INVEST
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