Jessica Ricci

So this person physically cannot be a financial advisor if they don't hold any kind of AFSL.

Beyond that, I would say it's red flag city.

Girl, it's a carnival.

Yeah, it's flashing neon red light.

I would absolutely not be taking advice.

The only thing I can think of, the only way that I would maybe be a little bit okay with this, but also not really, because it's not, like, again, not on the up and up, is, like, if you had a family friend who once upon a time was a financial advisor,

And, you know, they took a look at things for you once in a while and they said, look, I can't tell you what I would do, but, like, if it was me, maybe I would do these things.

Not that anyone would ever do that.

I would never do that.

No.

I mean, like, I could kind of do that.

But it sounds like there is an official agreement.

There's a family plan in place.

You're paying them or your parents and your partner are paying them for a family plan advice license, which, again, they can't legally be providing you if they don't hold an AFSL.

So I'm very confused by the whole thing.

And I would be just reminding your parents and partner of exactly that.

Like they actually, like I think even if the super concept is solid, like let's say they know what they're talking about by the grace of God, like their recommendations are good.

They still legally cannot be taking your money for advice.

Yeah.

Like that is literally, I keep saying the word illegal.