Relationship managers who cheat high profile clients with shocking ease, aren't an exception. Mis-selling of financial products is rampant
This story was first published on January 3, 2011. They story holds true for the times we live in
It took a little over 30 minutes. She asked four questions, filled a page with squiggles and gave me three forms to sign. My financial plan for the next 10 years was ready. This is why my friends had been gushing about the efficiency of bank relationship managers (RM). Of course, I seemed to have hit upon a finance wizard . Her speed made sloppy fools of advisers who take several meetings to come up with a plan.
She didn't bother me with intrusive questions either. I was posing as a newly married woman, eager to kickstart wealth creation. For this, I had conjured a fictitious husband with a salary of 1 lakh a month and a list of investments.
It took a little over 30 minutes. She asked four questions, filled a page with squiggles and gave me three forms to sign. My financial plan for the next 10 years was ready. This is why my friends had been gushing about the efficiency of bank relationship managers (RM). Of course, I seemed to have hit upon a finance wizard . Her speed made sloppy fools of advisers who take several meetings to come up with a plan.
She didn't bother me with intrusive questions either. I was posing as a newly married woman, eager to kickstart wealth creation. For this, I had conjured a fictitious husband with a salary of 1 lakh a month and a list of investments.