Has Anyone been Mis-Led by their Bank Relationship Managers Before ? Do Share Experience, Please

[Rabbit7]

Besides Normal Insurance, How many different types of Finance Products are there in SG ?
Has anyone bought "Investment" Products from their RM's, and the product failed miserably ?
How would the RM Handle such situation ?

Isn't the "Risk Assessment" Form, a Tool that covers the backside of the Bank ?

 

[Norty]

I've had a mixed experience with my bank's relationship managers. While they've pitched various financial products, the 'risk assessment' forms don't always tell the whole story. I once invested in a product that ultimately failed, and the RM was not very helpful in resolving the issue. But it has to be noted that civista bank customer service has been more transparent and responsive in my experience. It's important to do your own research and not solely rely on an RM's recommendations.