Busnelli & Associati provides an independent financial consultancy service.
An activity carried out exclusively by independent financial advisors who are remunerated solely by the client and without any conflict of interest with banks, sales networks or other intermediaries. Consequently, our financial advice is not subject to any conflict of interest.
Unfortunately, many people in the financial industry call themselves advisors. In reality they are nothing more than sellers of products managed by the bank (funds, asset management, accumulation plans, unit-linked policies, certificates), remunerated by the bank or receiving retrocessions from the products they sell.
It is obvious that a trader must serve the interests of those who pay him. As a result, they find themselves subject to an enormous conflict of interest, having to mediate between the interests of the client and those of the bank.
Many even define themselves as independent because they do not belong to a banking sales network and offer products from different management companies, in reality they too live off the retrocessions of the products they offer and are inclined to sell more of those on which they receive a higher commission.
In some cases, the financial institution in which these operators work also charges a fee so that the service appears to be true advice. In this situation, the client finds himself paying twice, namely the fee and the cost of the products.
In the case of using a non-independent/independent advisor, the process is as follows.
The financial institution decides which products to sell to its sales network. The network sells the products provided by the bank and those from which it receives a higher commission. The client ends up buying products with very high costs. Unfortunately, most of the time they don’t even realize it because the costs are deducted quarterly from the return on the product. For example, if the fund yields 6%, the client is left with a 3% return because the bank has retained 0.75% each quarter. Finally, the promoter (seller) collects the commission on the products sold.
As you can see, the conflict of interest is tangible.
Only if the financial advisor is paid exclusively by his client and does not receive retrocessions or commissions from any bank, broker or management company he can be defined as independent and his advice will not be subject to the conflict of interest mentioned above.
Busnelli & Associati has no relationship with banks, does not sell products, does not receive retrocessions or commissions. We are remunerated only by the fees of our clients. In this way, our interest coincides exclusively with that of the client, allowing us to offer an independent consultancy service.
The main desire of savers is to invest their capital in a knowledgeable manner, knowing the degree of risk and the potential returns of each product.
Often savers do not have adequate technical expertise to evaluate the various products and purchase them based solely on the trust placed in the seller and not on the verification of the actual compliance with their needs and objectives.
Unfortunately, most of the products placed on the market are not easy to understand, hide very high costs and the return depends on the occurrence of certain events.
In fact, banks create and sell complex and expensive “boxes” with the aim of obscuring the real value of the instrument and to be able to infuse them with a series of costs that greatly depress the yield.
Our portfolios are composed only of “natural” products. In other words, the client invests directly in the various financial markets, buying stocks, bonds and ETFs listed on regulated markets, with an official price, which respond to market logic and with the possibility of liquidating any investment at any time. Not being instruments managed by banks, these financial instruments have very low costs.
Busnelli & Associati undertakes to explain all operations in a comprehensive manner so that the client can share them and to provide a quarterly report in which all recommendations and portfolio performance are given.
Busnelli & Associati offers a high level of security to its clients.
In fact, the independent financial advisory service assumes that Busnelli & Associati does not have access to the client’s assets, the assets remain in the client’s bank of trust. Furthermore, Busnelli & Associati is not authorized to carry out operations on behalf of the client nor to contact the bank to buy or sell a security. The advisory relationship is exclusively with the client.
In essence, Busnelli & Associati cannot act directly on the client’s capital, as it limits itself to advising on the most appropriate investment choices for the financial objectives of the client in question. The last word is up to the client, as is that of contacting the bank for the purchase or sale of any security.
Busnelli & Associati undertake to respect the obligation of confidentiality and professional secrecy regarding any information received as a result of the assignment. We will not disclose confidential information emerging from the professional relationship with the client without the specific consent of the client himself.