PT - JOURNAL ARTICLE AU - Olivier Mesly TI - Twenty Recommendations to Reduce Financial Predation<br/>and Blind Trust in Small Family-Owned Financial<br/>Businesses AID - 10.3905/jwm.2013.16.3.122 DP - 2013 Oct 31 TA - The Journal of Wealth Management PG - 122--140 VI - 16 IP - 3 4099 - https://pm-research.com/content/16/3/122.short 4100 - https://pm-research.com/content/16/3/122.full AB - This article examines the functioning of small family-owned financial businesses under the angle of the consolidated model of financial predation (CMFP). According to this model, small businesses that handle financial services run the risk of attracting investors who will trust them blindly based on such factors as empathy and family ties rather than on sound economic decisions. On the other hand, as proven by recent real-life examples, some family businesses may take advantage of blind trust to earn money in insidious ways that lure vulnerable customers. The author offers 20 recommendations to reduce so-called predation and examines the looming dangers of investors who blindly trust their advisors.TOPICS: Wealth management, in wealth management, risk management