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Global Wealth Builder by Friends Provident International
By Dr Wealth  •  October 12, 2011

I was introduced to this fund, Global Wealth Builder, by my financial advisor. You know that I am not a fan of funds and so I was quite critical towards the plan especially when it came to charges. She told me that this is a private banking fund and it used to be only accessible by high networth individuals. They have made it available to retail investors in the recent years. My first question is that why would they want to ‘lower’ their image to serve retail clients? Especially when the cost of managing so many accounts would go up? The answer was that they want to have more business – who doesn’t want to be richer. Would Loius Vuitton compromise their image by selling $50 wallets, just that they want to sell to more people?

Anyway I went to scrutinize the details in the product brochure, disclaimers and websites. ...

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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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