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Avoiding On-line Scams & Finding a Legitimate Investment Adviser within Australia

Navigating the investment world can be daunting, especially with so many people on-line claiming to be experts. It's essential to ensure that the advice you're receiving is legitimate and in your best interest.

WARNING: It's crucial to remain vigilant, especially online. If you come across non-Australian residents making offers to provide you with financial advice, approach with extreme caution.

Here's a simple guide to help you identify and select a genuine investment adviser within Australia:

  1. Look for an AFSL: An Australian Financial Services Licence (AFSL) is typically mandatory for any Australian business involved in providing financial services. This licence ensures that the business meets the required standards and follows the appropriate regulations.

  2. Be Wary of Social Media Offers: While platforms like Facebook and Twitter can be informative, they can also be rife with scams. If someone on a discussion group or any other platform offers you financial advice or products for a fee and they don't hold an AFSL, it's best to steer clear.

  3. Check the Financial Advisers Register: Before finalising any adviser, make sure to verify their credentials. The financial advisers register is a trusted source where you can check the legitimacy of a financial adviser. It provides details on an adviser's qualifications, experience, and any disciplinary actions taken against them.

Taking the time to ensure your adviser's legitimacy can save you a great deal of stress and money in the long run. Always do your homework and trust your instincts. If financial advice is offered to you by an unlicenced overseas entity, then it is most probably a scam.

The Financial Advisers Register:

PLEASE NOTE: You enter the individual adviser's financial adviser / authorised representative number using this site not the AFSL number.

Titan Securities Pty Ltd | AFSL: 307040 | FREE-CALL: 1800 228 600

Investing entails the risk of loss.

Titan Securities Pty Ltd is solely Australian owned and operated.

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