Business
Widower’s Mayfair woe spotlights ‘wholesale investor’ tag – The Australian Financial Review
The dad was “terrified of the main sum of money dwindling away” when he looked at the upstart investment outfit.
I was terrified of the main sum of money dwindling away, he said.
He contacted Mayfair in October 2019.
During the time I was filling out the form, there was a section in the form that had columns for either an accountant or a financial adviser to fill in. That was to validate I was a wholesale investor, he said.
Mr Charadia said he then told Mayfairs representative via the phone that he did not know what a wholesale investor is and certainly I dont have any license to say Im a wholesale investor,…
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