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After my mother-in-law died, we learned that her adviser had picked investments that ‘paid less interest than the adviser charged.’ Is this even ethical and can we do anything about it?

·4 min read
After my mother-in-law died, we learned that her adviser had picked investments that ‘paid less interest than the adviser charged.’ Is this even ethical and can we do anything about it?

Answer: Firstly, we’d like to extend our condolences on the passing of your mother-in-law. Lauren Lindsay, certified financial planner at Beacon Financial Planning, says it’s a good idea to reach out to the adviser and talk about why your mother-in-law was in those things and find out what steps were taken to ascertain risk tolerance and suitability.