TY - JOUR T1 - Twenty Recommendations to Reduce Financial Predation<br/>and Blind Trust in Small Family-Owned Financial<br/>Businesses JF - The Journal of Wealth Management SP - 122 LP - 140 DO - 10.3905/jwm.2013.16.3.122 VL - 16 IS - 3 AU - Olivier Mesly Y1 - 2013/10/31 UR - https://pm-research.com/content/16/3/122.abstract N2 - This article examines the functioning of small family-owned financial businesses under the angle of the consolidated model of financial predation (CMFP). According to this model, small businesses that handle financial services run the risk of attracting investors who will trust them blindly based on such factors as empathy and family ties rather than on sound economic decisions. On the other hand, as proven by recent real-life examples, some family businesses may take advantage of blind trust to earn money in insidious ways that lure vulnerable customers. The author offers 20 recommendations to reduce so-called predation and examines the looming dangers of investors who blindly trust their advisors.TOPICS: Wealth management, in wealth management, risk management ER -