Is paramount financial investment services legit?

"legitimate" broad word in business. doesn't mean same 'safe'. example, if mean 'are legitimately business?' yes have abn. mean? i'm guessing you're asking if trustworthy , won't rob of money. trustworthiness can worked out few people - eventual loss of money harder work out until closer time. predicting loss of money or company collapse in advance art few can do. company can trustworthy still lose invested money.

however, have own personal way assess companies , businesses on trustworthiness. if assessment makes me feel uncomfortable them or if disagree business model won't business them or client. i've looked @ paramount financial , investment's website - don't simple yet 'incestuously comprehensive' business model of selling share of property each client , arranging loans them. doesn't mean deliberately lose money people. (that said, there seems have been senate question on company in 2006: asking asic investigate it).

company you're referring american or australian business because paramount name common. if australian company, claiming job of financial planning aren't qualified or regulated it. fall outside legislation governing financial advice in australia because recommend property , loans. not wrong in - means less consumer protection other trade practices act, complaining apra, , common law sueing loss if think there worthy of legal action after giving them money.

unfortunately, financial planning in countries fit clients products rather find objective product best suit each individuals' circumstances. companies doing financial planning commissions when sign people particular company's insurance, shares, managed/mutual fund, etc. there nothing absolutely wrong - examine entire range of investments clients if ever decide financial planner. people have objective , independent advisor me, 1 day, if there less cowboys in industry forcing more regulation actually, , currently, forces financial planners licensed company sells own products or list of other corporate clients' products. until laws become fairer individuals can licensed without needing huge business capital reserve , expensive indemnity insurance, investors , potential investors still vulnerable poor advice. that's because few financial planners know how explain risks well, clients understand them, , devise strategies manage risks. (that said, people need professional financial plan anyway, no matter how lousy is, because many invest in shares or property without getting advice first, end losing money risks, buying or selling @ wrong time and/or heavy taxation).

paramount fis financial planning asking assets , goals , 'recommending' 1 of other client's property invest in. same model other qualified financial investment service. aren't financial planning company because fall outside law on how financial planning should done. so, might not work best interest. sell share/proportion of residential or commercial property if aren't high income earner. broker finance you. idea interest pay on loan tax deductible. of course, of "legitimate" whether you're in uk, usa, australia, nz, canada or singapore.

whether investing right you, , whether can afford borrow invest other questions feel won't giving objective advice on. really, should ask chartered accountant, or without financial planning qualification. tell them assets, liabilities, , income, , tell whether you're loan or not. can work out cash flow. can comment on whether can afford investment property yourself, or when in future if not now, or comment on whether should buy share of owning property through paramount fis or other managed property. note, however, ridiculous laws don't allow accountants give advice on other investments if aren't commissioned product-selling company. (don't let fear stop investing, ever. wise advice comes paying books, paying website info, , getting variety advice, should include accountant's advice, example because negative gearing doesn't suit everyone).

paramount isn't licensed give financial planning advice asic, if mean australian company. legitimately unlisted fund. can financial planning , still give advice long stick loans , property recommendations - because law allows those, now. commission lending institution sign clients with, , commission whatever property developer client buys share from. high level sales people advising on rental properties - have interest in - product they're selling. if you're in united states, paramount's agents there wouldn't qualified or interested in examining realism of goals etc. sell property shares. investing in property shares alone exposes undiversified risk. so, should other types of listed , unlisted funds such asset-allocation ones. if invest in paramount should balance investing in index fund. (i can tell don't understand you've asked otherwise you'll know answer comprehensively answering question without libel).

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