(1) Major securities firms just want to make a profit, don't they? ~Consultation on retirement money~

In the end, major securities firms just want to make a profit, don't they?

Consultation on retirement money

Since my retirement money was deposited, I consulted with securities firms about how to manage it. I made appointments and met with three major securities firms where I have accounts and dedicated representatives.

The result, as I had imagined, was that they only pushed products with high profit margins for their own company. I had experienced something similar before, so I told them that I wanted them to make proposals with me, the client, in mind.

This time, it was a significant amount of money, so I told them straight out about my assets and my thoughts on future management, and that I wanted them to provide the best advice for me and proposals based on information that only major securities firms have.

Explanation with a supervisor present

Perhaps thinking that the representative couldn't handle it, a superior came to explain. However, unfortunately, they still kept trying to push the products they wanted to sell, using various tactics.

Yesterday's article is exactly the same. I have no particular resistance to building my own portfolio centered on ETFs based on an asset allocation I decided on myself, and I have knowledge and experience in investing. Naturally, I have told them that I mainly use low-cost online securities firms.

Despite that, they only push active funds and SMAs managed by professional experts. They were selling by putting the sense of security of a major securities firm at the forefront.

In a previous meeting, I was so disgusted by their pushiness and their attitude of not trying to meet the client's needs at all that I moved about half of the assets I had at that securities firm to an online securities firm.

The branch manager of the representative asked me the reason, and even though I told them without holding anything back and said that was why I withdrew the money, the same thing was repeated this time.

This time, I left without arguing any further. Naturally, I decided to cancel all remaining holdings and deposits and move them to an online securities firm.

Reasons for going to a securities firm

Having read this far, if you are an investor, you might be wondering: why would I go to the counter of a major securities firm when I have long-term investment experience and am proficient at using online securities firms? If you felt that way, you are sharp. That feeling is normal.

Generally, you should not go to the counter of a major securities firm. Especially if you are an investment beginner who knows nothing, you should not go near them under any circumstances. They will put a 100-yen tomato 🍅 in a paulownia box and try to sell it to you for 1,000 yen, so please be careful.

So, why do I go to the counter?

There are a few reasons. (1) I have a representative who has taken care of me (2) I want IPOs (3) I want information (4) There are multiple major securities firms near my nearest station

I will write the details of the reasons next time.