ILLUSTRATION. Financial planners should not manage client funds and have direct access to trade shares in a customer’s funds account. Meanwhile, those who can manage customer funds must have a license as an investment manager (MI).
Reporter: Anastasia Lilin Y | Editor: Anastasia Candle Yuliantina
KONTAN.CO.ID – The number of cases of investment losses due to mismanagement has increased. Most anget is the placement of financial planning company PT Jouska Financial Indonesia, which then can not be withdrawn by the clients.
Provider of financial information services, Lifepal.co.id shares advice which is a lesson from Jouska’s case. The hope, they are not trapped by a similar case.
Here are five lessons:
First, financial advisers are not permitted to manage client funds.
The scope of financial planner services is to develop financial plans and present them to clients as recommendations. The recommendations given can be in the form of financial statements, simulations of financial goals, suggestions for saving, advice on buying insurance, investment advice and others.
Financial planners should not manage client funds and have direct access to trade shares in a customer’s funds account. Meanwhile, those who can manage customer funds must have a license as an investment manager (MI).
Also Read: Investment Task Force Wary of Calling Jouska Next Week, Can Continue to Legal Process
Financial goals and conditions can change at any time. Therefore it is also important that we have control over the financial decisions chosen.
As financial planner clients, we should use this opportunity to learn with guidance from financial planners. But still make all financial decisions independently without coercion or control from any party.
SecondIn investing, investors should diversify.
Apart from managing stock transactions, financial planners must understand very well the concept of diversifying investment portfolios. That is, we must spread investment in several investment instruments or stocks in order to reduce the risk of loss. Investors usually spread investments into 5-15 companies.
There are various external and internal factors that can affect the performance and stock price of a company. For example, changes in government policies, natural disasters, epidemics, pandemics, management decisions, and various other factors that can dramatically increase or decrease the value of shares.
Based on information from one of Jouska’s clients, Yakobus Alvin, 73.3% of the total portfolio was invested in just one company. This is certainly not the right thing to do because it has a huge risk.
Third, do not buy stocks at prices that are too expensive.
Financial planners should be able to provide advice to buy shares at the right price. There are various ways to determine a fair stock price.
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Reporter: Anastasia Lilin Y
Editor: Anastasia Lilin Yuliantina