the Managed Funds Association recommended to ...
the Managed Funds Association recommended to raise standards and increase transparency and monitor disclosure relationships between hedge fund managers, securities broker and officers of public companies (January 2008, on wall street, 37, John Gaine).
Shiller states that the government should realise the need to plague the financial advice to all individuals to make them understand the pros and cons of the finance world.
Financial advisers should be committed in meeting each customer’s needs which would immediately benefit to economic gain. Financial advice should not be confusing and full of jargon as people put themselves ‘in the hand’ of these advisers. The advisers should be able to speak the ‘customers language and leave consumers with something sorted out (briggs, silence). “Financial institutions should contain the following elements to create an ideal advice scenario:
Comprehensive with respect to financial products options
Providing both good and bad information regarding the product
Trustworthy and not biased with the income level of the customer
Adapt to your needs in terms of aim and language.
The Internet is now a popular source of information and advice across the world (briggs, silence). Online financial advice could include reading articles and leaflets, e-mailing a human ‘expert’.
Financial services institutions’ websites focuses on information content, organisational structure and graphic style to increase their creditability. These institutions’ motive should be on providing information quality and source (briggs, silence). Technology providing financial advice should be quick responsive and easy to use. It should be branded with personalized and widespread set of information. The technological phenomena of internet and mobile phone should enable consumers to access the financial world with latest updated information around the globe. The information management tools should be efficient to bring new and innovative offerings to market in the shortest time (LEO APOTHEKER, PRO QUEST).
