It has been a very common occurrence that I am approached by people who pose as Approved Financial Advisors and only to find later that they are only paving their way to convincing me to buy the insurance or investment policies they sell. This is really appalling and is creating a bad name for those honest Financial Advisors who respect their profession and are in the market because they want to help the people handle their finances in a most efficient way in order to ensure that they get the best out of it.
These self-proclaimed financial advisors, in their financial analysis, will make sure they collect every piece of information that will convince you that you are inadequately ensured and you need to buy new policies to add to those you already have. Some will even go as far as advising you to cancel other policies and take those they recommend. I do not have a problem with advisors advising their clients to take or cancel policies but I would like it done with honesty and only when there is a need. In other words I am saying the motive should be to help the client other than selling the policies for a commission.