As a Independent Financial Advisor. It is not that I have never told you that before, here it is again and to be repeated again and again over and over again. Mr. Teller is only one person coming forward to CBC Going Public with his story... unfortunately stories like this one happens regularly in the banks and credit unions world. It could happen to you, . It is not a question of if it is a question of when. This is why I kept advising you to not deal with banks / credit unions because your money is not protected, guaranteed and/or insured in banks / credit unions. This story is about easy fraud happening in the world we are living in. This is nothing, just like this report is telling you we ear over and over bank / credit unions customers having their accounts garnish either from the bank / credit unions they do business with or the bank / credit union they do business with release all their savings to creditors with a court order or criminals . Your money is not protected in a Bank / credit union. This is well known in the financial world industry. Banks / credit unions are well known as a wide open cookie jar only protecting themselves and other creditors. This is the reason why there are Independent Financial Advisor that know how the system work to protect you from those devastating unfortunate facts of life. Upon the death of someone the banks / credit union will freeze everything. What ever you had with the bank / credit will be transfer to your estate then going to probate expose to creditors and probate fees, only what ever is left in your estate will be passed on the your heirs. We see this happening everyday. This is how banks / credit unions self insure themselves. The banks will tell you this is how it works. Only to protect themselves, this is how they self insure themselves. This is very poor Estate planning. In fact it does not have to be ending that. There are ways around all this where you can protect your money, your family and have your wishes respected. We often get contacted for help in those situation unfortunately it is always to late. This is why you should not be dealing with banks / credit unions when it come down to proper financial planning as their employees have no education and/or proper training in Financial Planning. In the last 5 years I had 3 of my Whistler clients that had complications with Whistler banks. Fortunately I had moved some of their saving on time with insurance companies where it was protected from creditors. They lost everything they had left with the banks. Contact a Independent Financial Advisor if you want proper financial advice. Remember just a few days ago my post on the CBC, Market Place show investigating on Financial Advisors. What did we found out? Banks employees and Mutual funds sale representatives could not provide the Market Place under cover customer with proper financial advice. Some of it was apparently extremely scary according to the financial expert guest on the show. He could not believe what he was watching. I will come up with an other post to explain to you a bit more why this reality exist. This will not be any justifications for their poor advice but more revealing the sad reality of whom Canadians trust with their money. Here s the link to that show. cbc.ca/player/News/TV+Shows/Marketplace/ID/2439828643/ Mr. Tellers even says it in the broadcast attached below. He trusted BMO because they were a big major bank in Canada. Do not kid yourself banks and credit unions are all the same, all govern under the same financial act. You cannot be in denial in trusting the banking system. If Mr. Teller would not of contacted Go Public from CBC after 18 months dealing with BMO trying to get his money back. He would of never got it back. Remember the last person that came forward 6 months ago getting nail with a $ 60000.00 tax bill because they bank did not roll over his dead wife RRSP into his before the end of December 31. This is a not brainer move automatic to any financial advisor. This is how bank does business, they do not know what they are doing, they do not care and your money is at risk with them. The gentlemen would of never got his money back either if he would not of contacted CBC Going Public and expose the bank he was dealing with. It is as BLACK & WHITE as it could be Banks/ credit unions do not care about you. You are a number they make money with. They are in business to make money, nothing else. Do yourself and your family a favor get out of the banking system. Protect your assets and your family through sound financial advice from an Independent Financial Advisor after all it is your money and your family you should be in control of it and not the banking system. I will tell you a little secret; my personal estate planning set up, very simple and safe. I have life insurance to cover all my liabilities, final expenses and segregated funds investments that are safe and secure with insurance companies going directly, by passing my estate, within a week of my death to my Beneficiary. No foss no most Kehla can have a great party and move on. No dealing with lawyers (no probate), banks, creditors, probate fees and government. Get the money and move on. The bank will probably never know I am dead by the time the system find out there has not been any activities in my account and the electronic system have reported to Equifax every month as a bad creditor, that will take at least six months. Kehla will already be sitting on a beach some where in Portugal. This is how you protect your heirs through your estate planning and deal with banks self insurance bull shit. My daily balance in my bank account that I use only for my monthly bill payments, what banks should only be use for, is between minus $ 100.00 to minus $ 700.00. That is right I have no money with the banks. I carry a negative balance everyday so no one can access my money as my investments and savings are well protected from creditors and probates fees under the secure umbrellas of the insurance companies. By the way only insurance companies sale insurance, insurance product offered by anyone else including banks and credit unions are insurance company by-products meaning to only protect the best interest of the financial institution. You want to buy insurance get it from an Independent Financial Advisor as they are insurance brokers. It will be a better product serving your best interest and cheaper as any insurance products sold out side of an insurance company will be marked up by the institution offering the product. This was my JPG Financial, Your Whistler Independent Financial Advisor, free advice of the day. See you soon on my next post for my full analysis of the Market Place Financial Advisor investigation.
Posted on: Wed, 05 Mar 2014 06:44:04 +0000
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