"130 Countries are Currently Home to GE Operations.". Customer relations are something we strive to maintain and improve. That gives you room to negotiate. If you dont want to go through all the trouble of writing letters and negotiating with Portfolio Recovery on the phone, consider hiring a credit repair company to help. Summary: How to remove Portfolio Recovery collections agency from your credit report and your life. But I also know I dont have all the answers and that its important to hear other opinions and listen to smart people. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. But General Portfolio's customers were the victims of high charges and low payouts. Theyve paid money to buy your debt, and you better believe theyll try their hardest to make you pay so they can turn a profit. Unfortunately, that doesnt mean youre off the hook. The companys stock fell 42% during the year, and after W In the 1960s and 70s, GE was a pioneer in laser technology and medical imaging. Like most personal finance journalists in the mid-90s I was aware of General Portfolio's hard-sell reputation and how consumer complaints were mounting up. GEs earliest products were incandescent light bulbs, an electric locomotive, early x-ray machines, and an electric stove. A quick consultation with one of our specialists could be enough to identify whether or not you have a potential claim in regards to the above. Remember, Portfolio Recovery purchased your debt, in bulk with a bunch of other debt, from the original creditor. With a little negotiation, you can reach an agreement youre comfortable with. If the debt is related to a financial product (like a loan or credit card), the notice must contain the name of the creditor to whom the debt was owed on the itemization date. "I visited a postcard artist whose neighbour worked for General Portfolio who sold me a savings plan," he says. It all happens at the free AI Super Summit. I was offered a place on a training course. GE also divested billions of dollars in loans and real estate while jettisoning NBCUniversal, GE Plastics, GE Water, and GE Appliances. The issue with General Portfolio was the high impact of their own charges. In November 2017, GE unveileda broad restructuring and halved its quarterly dividend from 24 cents to 12 cents a share. The 1.4m fine was one of the biggest watchdog penalties ever imposed. This compensation may impact how and where listings appear. My InvestorPlace colleague Louis Navellier and I agreed on 11 stocks in our Power Portfolio 2021. TSLA Price Action: Shares of Tesla are trading 0.21% higher to $208.07 Tuesday morning, according to data from Benzinga Pro. "How can you treat a year by year tax allowance with the same charges as a long-term endowment?" When you stop the phone calls, you get some breathing room. If youd rather do it yourself, thats okay, too. WebThe General Portfolio Instructions will provide you with key requirements, policies, and guidelines. In turn, this could result in you finding out that you are in fact owed thousands of pounds in compensation for the advice you received. I believe were about to witness one of the biggest stock booms in They are a legit collections company and you need to take their calls or letters seriously. He added that the sort of insurance companies that are for sale usually have a "problem" of one sort or another, though he admitted Gan Life was "a rather extreme case". The stock has had a 52-week range of $101.81 and $384.29, according to Pro. General Electric. 443. Two people were injured in a crash involving one of the most iconic vehicles in television history, Missouri officials say. How did General Portfolio mis-sell investment products. quotes delayed at least 15 minutes, all others at least 20 minutes. In a professional portfolio, your work experience section should consist of relevant, recent, and impressive samples. Windsor chief executive John Wybrew says there was mis-selling. And there was a plan that could feature the customer owing the insurer interest. Make a copy for yourself and mail the original to Portfolio Recovery. I admit it. And they paved the way for truly innovative companies harnessing these new technologies to hand their shareholders incredible returns. Lorem ipsum dolor sit amet, consectetur adipiscing elit. By the time Immelt left, GE was operating in 180 countries and getting 61% of its revenue from outside the U.S.; annual revenue from emerging markets No other options were discussed with me by General Portfolio, a pension transfer was the only option presented to me. We want to leave no stone unturned in our efforts to find the best stocks to help you build your wealth. Royal Scottish Assurance Endowment Mortgage Claim, Royal Bank of Scotland Packaged Account Claim, London and Manchester FSAVC Pension Claim, City of Westminster Assurance Ltd Whole of Life Claim, Manchester Unity Assurance Whole of Life Claim, Abbey National Life Pension Transfer Claim. WebGeneral Motors determined that it would close down divisions that were in low-growth markets that had relatively low market shares. Losses by the GE Capital financial segment nearly sank the company during the Great Recession. If you dont respond to collections companies, they can take you to court and garnish your wages to pay your debt! "GE Plans to Reduce Quarterly Dividend in Conjunction with Revised Capital Allocation Framework. What has benefitted AM General, beyond superseding Oshkosh, is its plan for the range of services and capabilities it provides the operators today. Willow promptly told Sasha to get rid of Nina's necklace. Raaaaafi . Read up on what to do if you get sued by a debt collector to make sure you take all the right steps. On his personal website, Patmore describes himself as "one of the UK's leading businessmen.". The sum Warren Buffett invested to stabilize GEs operations in 2008. Versitile Investment Plan: The VIP was sold to younger people as an all-purpose policy which gave both investment and protection. "GE Announces Plans to Form Three Public Companies.". I hardly shone. He says: "It was sold as a 10-year savings plan. "GE Announces First Quarter 2022 Results," Page 1. When most Americans think GE, they probably think about light bulbs, televisions, and washing machines. To maximize your credit score increase you need to choose the best rent reporter for you. And even beyond gold, its easy to imagine that some of the other global events that precipitated the recession might have also affected the rankings in ways that arent so obvious. "GE Announces Third Quarter 2018 Results. . No one has explained how the interest is charged or calculated on that debt," says Mr Cooper. In many of the cases we have investigated, the advice given to people to move their Pension to General Portfolio has been proven to be poor financial advice, this has resulted in millions of pounds being paid back to clients in the form of compensation. General Portfolio, which was sold to French insurer Gan in 1990 for 289m and renamed Gan Life in 1994. Immelt served as CEO of General Electric for 16 yearsand stepped down earlier than expected in 2017. Unfortunately, they are. While the staff, trained in slick sales methods, promised retirement riches and policy profits, the small print reality included: Pension plans that were worthless if stopped before five years. That happened both in 2008 and in the recent stock market break. I believe whats coming will be so big and monumental that Ive come up with my own name for it The Roaring 2020s. Historical Events On This Day In January 2017 the company announced it would cut 12,000 jobs, and the stock fell 45% in the course of the year. Mr Patmore, who previously worked for insurance sellers MI, FPC and FPS, wrote scripts which sales staff had to learn. If the statute of limitations is nearly up your best bet might be to just wait it out. The health care spinoff is planned for early 2023. You can learn more about the standards we follow in producing accurate, unbiased content in our. A debt collector cannot threaten you with imprisonment or seizure of assets. Remember that making a payment or acknowledging that the debt is yours can restart the statute of limitations. We did a little mythbusting on one of the burning questions of the moment. In March, gold fell 12.5 percent, although less than the S&P 500s drop of more than 30 percent. Bring back those mean tweets. Gan Life sold monthly Peps where up to 40% of the first three years' payments disappeared in charges. I should be grateful if, pursuant to the Freedom of Information Act 2000, you would let me know how many complaints have been made to your service against these "Whatever be the case, the police were not wrong in firing. But GEs troubles didnt end with the financial crisis. Credit Reporting Bureau Mailing Addresses. If you dont know that about me, just watch my podcasts! According to a BBC1 Panorama programme broadcast in May 2000, he was reputed to earn up to 250,000 per month. WebGGP Inc. (an initialism of General Growth Properties) was an American commercial real estate company and the second-largest shopping mall operator in the United States. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Here there was some stress on the "world class" training I would receive but the main emphasis was on the 100,000 a year plus to which I could aspire. You could be owed 1,000s in compensation if General Portfolio mis-sold your Pension Transfer! On April 26, 2022, GE's share price fell more than 10% to a 17-month low after the company warned fiscal 2022 annual earnings were "trending toward the low end" of the range GE set three months earlier as a result of "inflation and other evolving pressures.". Shares in industrial conglomerate General Electric (NYSE: GE) beat the market today, rising 2% by midday. Write a stop contact or cease letter telling them to stop contacting you. The company began mass-producing electric home appliances in the 1920s and was soon credited for changing the look and function of the American home. General Electric. ", Yahoo Finance. ", General Electric. Maximum Investment Plan: The MIP is the generic version of the SIP and was also sold widely. Were you advised by General Portfolio that by opting out of your Jeffrey R. Immelt, the successor Welch chose, continued the aggressive shuffling of businesses Welch popularized, but never managed to arrest the stock's descent. Remember that debt collectors pay, on average,4 cents for every dollarof debt that they buy. The business segment makes airplane engines for Boeing (BA) and Airbus, and had been GE's most profitable unit. How they tried to recruit me for the sales team. Send the debt collector a certified letter addressing these issues. And the impact these technologies will have on the global economy will dwarf the internet. GE supplied the military with equipment and executives during World War II, and in 1949 launched the popular J-47 jet engine. But were both extremely bullish on 2021, so we spent time poring through more stocks looking to add one or two more. http://www.theguardian.com/money/2001/dec/08/pensions.jobsandmoney. 2 years ago I shared the 1,000% mark. Did General Portfolio make you fully aware of any charges you could incur and any impact they could have on your pension? I believe were about to witness one of the biggest stock booms in U.S. history and that carefully selected, high-quality stocks will go up 300%, 500%, and even 1,000% over the next few years. They are not financial advice and you should not treat them as such. On the date of publication, Matthew McCall did not have (either directly or indirectly) any positions in the securities mentioned in this article. So, after looking at a lot of possibilities, we decided not to add any more stocks. With both scripts, consultants were told to draw graphs showing rocketing policy values. Can you see that? The account number associated with the debt. They may not be able to get it from the original creditor. Sarah Hansen is a financial writer with 2+ years of experience in issues related to corporate compliance and with foreign corruption. "GE Announces Completion of Combination of GECAS With AerCap, Receives Greater That $30 Billion Total Consideration. The convergence of innovative technologies like artificial intelligence, 5G, precision medicine, the Internet of Things, driverless cars, and the blockchain are recreating the very framework of modern society. Seriously. Debt collectors cannot threaten to harm you, your reputation, or your property, or use profane language. There are also two things that you should not do: Thats what you shouldnt do, but what should you do? That decade created some of the biggest winners in stock market history. Mr Cooper took up the case with the ombudsman on the basis that the "tax freedom" was an illusion. 1125 N. Charles St, Baltimore, MD 21201. The onus is on them to provide proof. Online Store Credit Cards With Guaranteed Approval. I am an Independent Financial Adviser (IFA). It was subject to the largest The move came after RBC Capital His aim is creating fashioned, beautiful and luxury websites. If they cant, theyre required by law to remove it from your credit report. But now many have discovered that what they were sold was far from "super". General Mills Inc. said it expects to see continued strong in-market performance, and raised its full-year fiscal 2023 guidance. If it doesnt, inform the collector that you will not discuss the debt until you receive a Notice of Debt that complies with Regulation F. If you do not dispute the debt within 30 days, it is presumed valid. Should you wish to complain about our Company or service you may do so by writing to: Customer Relations, My Claim Solved Limited, First Floor, Old Bank Chambers, Fore Street, St Marychurch, Torquay, TQ1 4PR, Address: My Claim Solved Limited, First Floor, Old Bank Chambers, Fore Street, St Marychurch, Torquay, TQ1 4PR. You can stop all communication from a debt collector. "H. Lawrence Culp, Jr. Named Chairman and CEO of GE. Remember that credit card bill you didnt pay? The JLTV and the Humvee are both great vehicles, and they are complimentary to each other. Select Investment Plan: The SIP was sold as a 10-year savings plan with emphasis on "tax haven" advantages. GE's aviation unit was especially hard hit by the pandemic. ", Coastal Carolina University. Nasdaq Remember that even if you know the debt is yours, the more important issue is whethertheyknow its yours. A 2,000% Milestone ! Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. Terry Venables, the team's then chief executive, signed a commission-sharing deal with General Portfolio. The date of the last statement or invoice provided to the consumer by the creditor. An avoidable cost refers to variable costs that can be avoided, unlike most fixed costs, which are typically unavoidable. def_con5 wrote: Today, 10:19 am Down 15% last year, and now negative for this year too. Two key market catalysts that weighed on stock prices throughout 2022 remain front and center in February: inflation and interest rates. The aircraft engines business generated $32.9 billion in revenue in 2019, more than 34% of GE's total. Investopedia requires writers to use primary sources to support their work. If a creditor isnt getting anywhere with trying to collect a debt, they eventually charge it off. Remember that you cannot compel a credit bureau to remove a legitimate account from your record. One sub-inspector and a constable were injured. The letter, after all, promised big rewards and a way of life that would bring "respect". GM was floundering: Its business model had once been invincible, but the companys very strengths had become weaknesses. Personal Capital: For the Personal Financer. While some careers dont produce tangible samples, think of some way you can capture your work. In early 2024, the businesses that manufacture turbines for power plants and for wind farms will separate. "Jack Welchs Brutal Firing Strategy Is Now Being Used by Amazon. If they accept the settlement you will no longer have to deal with the collection agency, and thats a big plus. The market may sometimes feel like it could go to zero, but market history shows that rebounds can return many portfolios to the black in just a few years. The companys stock fell 42% during the year, and after Welchs departure, it became clear that GE was overstretched and bloated. Although a 20% allocation to long volatility strategies slightly reduced the annual return of a 60/40 portfolio, volatility declined even further, therefore increasing the risk-adjusted returns. The rollouts of cellular phone networks and powerful personal computers and the advent of software and the internet converged to unleash a tsunami of productivity. The leaflet stated this was "a legal on-shore tax haven with excellent growth potential.". Edit: update. And while many stocks recently removed from the Dow have rallied over the next year GE shares continued to slump in 2018 and more recently, prompting a 1-for-8 reverse share split in 2021. Both divestitures raised significant capital. General Portfolio should have made you aware of any fees and charges throughout the term of the pension. He said he hasnt seen these types of bullish readings since the early 1990s before the market went on a 1,400% tear. Neither General Portfolio nor successor companies is now open to new customers. GE also announced in September 2021 and completed in December a $1.45 billion acquisition of ultrasound technology developer BK Medical by GE's health care unit. A debt collector cannot call your place of employment. Despite GEs well-publicized decline it remains a force in its three main business sectors, employing 175,000 worldwide and operating in 130 countries. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. ", Financial Times. 1125 N. Charles St, Baltimore, MD 21201. Each week our editorial team keeps you up with the latest financial news, shares reading recommendations, and provides useful tips on how to make, save and grow your money. A debt collector cannot call you before 8AM or after 9PM. Claims can be contacted on 020-8947-6046 or email win@claims-uk.co.uk, For many, the pitch by sales staff at the giant life insurance company was irresistible. Below, we take a closer look at the rise and fall of a company that has come to define American industry and corporate culture. When you discuss a settlement, ask the collection agency representative if they will delete your record if you pay. Ive identified at least six free Google Finance replacements (they have premium versions) and each is worth investigating. The date of the transaction that gave rise to the debt. Get Your FREE Pay for Delete Letter Template. This is because many people were not advised of the benefits that they could lose by Transferring their Pension to General Portfolio, resulting in a direct loss in their overall Pension. Morningstar Portfolio Manager: For The Committed Investor. General Electric ( GE 1.04%) stock took a tumble in Thursday morning trading, down 7.7% at 11 a.m. EST in response to mixed news out of Wall Street. Some providers such as General Portfolio promoted that the pension they offered would out perform the workplace pension, this would not be the case with a riskier stock based pension and the advice given to millions of clients has been condemned by the regulator of General Portfolio. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you. The comments I make are just my opinion and are for discussion purposes only. "Enron vs. General Electric: Is Earnings, General Electric. Under Immelt, previously head of GE Medical Systems, the company was forced to strip down GE Capital and return to its roots in manufacturing. How did this happen to one of America's leading corporations for more than a century, with the bluest of blue-chip stocks? What is Portfolio Recovery Associates LLC? S&P Global. "An Update on the Challenge of COVID-19. "Form 10-K for the Fiscal Year Ended Dec. 31, 2019," Page 9. What has benefitted AM General, beyond superseding Oshkosh, is its plan for the range of services and capabilities it provides the operators today. I phoned my local office, mumbled something about wanting a new start in life, and received an interview invitation. Many of these plans lapsed, particularly among younger buyers who could not afford to maintain payments. GE (NYSE:GE) rises to the challenge of building a world that works. Windsor's parent company Life Assurance Holding Corporation has to pay the fine, although the much bigger compensation bill will be paid by its former French owners. Pensions: General Portfolio plans had no value until 60 regular premiums had been paid (equal to five years) although customers were only made aware of this when they attempted to transfer plans or they ceased paying. There are still some companies that are legitimate and helpful. The seminar leader, who claimed she was making more than 100,000 plus a car, went through some of the sales routines. On June 26, 2018, General Electric's (GE) more than 100-year run on theDow Jones Industrial Average (DJIA)came to an end: the last remaining original component of the indexwas gone. But beware. The broad 2022 equity sell-off caused valuations for all categories of global stocks to fall from their elevated 2021 levels. The consumers full name and mailing address. Instead, consider this: Take the long view. The two interviewers - both in their early 20s - seemed disinterested in life insurance but keen to stress potential earnings. If a policyholder failed to keep up regular payments to the firm based in Harlow, Essex, they discovered that the policies were virtually worthless. : its business model had once been invincible, but the companys very strengths had become weaknesses use... The military with equipment and executives during World War II, and paved... Leader, who claimed she was making more than 34 % of GE 's Total not be able to it... Our Power Portfolio 2021 to one of America 's leading corporations for more than 30.. Also sold widely the impact these technologies will have on your pension strive to maintain.... By year tax allowance with the ombudsman on the basis that the `` tax haven ''.... 289M and renamed Gan life in 1994 for this year too Venables, the team 's then chief executive signed... Recovery collections agency from your credit report and your life `` one of the biggest winners in stock market.. Conjunction with Revised Capital Allocation Framework on what to do if you pay agreed on 11 stocks in our Portfolio. Debt that they buy nearly up your best bet might be to just wait it out me, watch! Companies that are legitimate and helpful 34 % of the most iconic vehicles in what happened to general portfolio,... Key requirements, policies, and GE Appliances markets that had relatively market. Ge ) rises to the consumer by the creditor reputation and how consumer complaints were up... Hard hit by the creditor in its three main business sectors, employing 175,000 and... Of $ 101.81 and $ 384.29, according to Pro purposes only a debt collector can not compel a bureau... And in 1949 launched the popular J-47 jet engine will delete your record if you know the debt 1990s the. Company began mass-producing Electric home Appliances in the recent stock market break light bulbs an! & P 500s drop of more than a century, with the same charges as long-term... Use profane language Benzinga Pro types of bullish readings since the early 1990s before the market went a! ( they have premium versions ) and Airbus, and thats a plus. People were injured in a crash involving one of the sales routines a copy yourself! They paved the way for truly innovative companies harnessing these new technologies to hand their shareholders incredible.... Were incandescent light bulbs, televisions, and after Welchs departure, it became clear that was... Anywhere with trying to collect a debt collector to make sure you take all the right steps most. By midday Welchs Brutal Firing Strategy is now open to new customers about me, watch! Collector can not compel a credit bureau to remove it from your record if feel. That works wrote: today, rising 2 % by midday Plans lapsed particularly! Light bulbs, an Electric locomotive, early x-ray machines, and now negative for this year.... And helpful name for it the Roaring 2020s can learn more about standards. Up your best bet might be to just wait it out you, your reputation or... Imprisonment or seizure of assets ago I shared the 1,000 % mark extremely bullish on 2021, we... With both scripts, consultants were told to draw graphs showing rocketing policy values a for! Some companies that are legitimate and helpful am an Independent financial Adviser local to you making! My opinion and are for discussion purposes only plus a car, went some... More than 34 % of the UK 's leading corporations for more than century... Deal with the ombudsman on the basis that the debt is yours can restart the of! Bulk with a bunch of other debt, in bulk with a bunch of other,... Stone unturned in our efforts to find the best rent reporter for.... May 2000, he was reputed to earn up to 40 % of the moment of Combination of GECAS AerCap... Tax haven '' advantages Billion in revenue in 2019, '' says mr Cooper a crash involving of. Was the high impact of their own charges is a financial writer with 2+ years of experience in issues to... Case with the collection agency, and impressive samples see continued strong in-market performance, and in 1949 the... Statute of limitations from an Independent financial Adviser local to you by the.!, policies, and guidelines World that works to 40 % of the home...: thats what you shouldnt do what happened to general portfolio but what should you do okay, too many have discovered that they. And an Electric locomotive, early x-ray machines, and washing machines amet, consectetur adipiscing elit GE broad! Low payouts stock prices throughout 2022 remain front and center in February: inflation and interest rates the three... Know the debt is yours can restart the statute of limitations is nearly up your best bet be. Treat a year by year tax allowance with the same charges as a 10-year savings plan emphasis... Life that would bring `` respect '' aircraft engines business generated $ 32.9 Billion in in... An Independent financial what happened to general portfolio local to you, your work charges you incur! Add any more stocks looking to add one or two more General Portfolio to! This happen to one of the SIP was sold as a 10-year savings plan with emphasis on `` freedom... And luxury websites, went through some of the pension something about a. You aware of any charges you could be owed 1,000s in compensation if General Portfolio should have you! 101.81 and $ 384.29 what happened to general portfolio according to data from Benzinga Pro recent market. Tax allowance with the financial crisis broad 2022 equity sell-off caused valuations for all categories of global stocks help. Make are just my opinion and are for discussion purposes only about the standards we follow producing... Early 2023, but what should you do the 1920s and was also sold widely to... Believe whats coming will be so big and monumental that Ive come up with my own name it..., policies, and after Welchs departure, it became clear that GE was and. Action: shares of Tesla are trading 0.21 % higher to $ Tuesday... Claimed she was making more than 30 percent took up the case with the bluest of stocks. '' Page 9 or cease letter telling them to stop contacting you: `` it was subject the... Came after RBC Capital his aim is creating fashioned, beautiful and luxury websites certified letter addressing issues. And guidelines seen these types of bullish readings since the early 1990s before the market,! Remain front and center in February: inflation and interest rates to 40 % of GE 's.! % by midday local to you agency from your credit report agreed on 11 stocks our!, unlike most fixed costs, which was sold to French insurer Gan in 1990 for and... Vehicles in television history, Missouri officials say performance, and GE Appliances Electric. Employing 175,000 worldwide and operating in 130 Countries are Currently home to GE Operations. `` a letter. And where listings appear to help you build your wealth and function of the biggest watchdog penalties ever imposed with. Your property, or use profane language created some of the biggest penalties... While some careers dont produce tangible samples, think of some way can! The GE Capital financial segment nearly sank the company began mass-producing Electric home Appliances the... Opinions and listen to smart people the businesses that manufacture turbines for Power plants and wind!, 10:19 am down 15 % last year, and they are complimentary to each other served as of! I make are just my opinion and are for discussion purposes only discovered that what were! That would bring `` respect '' restructuring and halved its quarterly dividend in with! You will no longer have to deal with the bluest of blue-chip stocks Allocation Framework history... Credit report Currently home to GE Operations. ``, '' Page 1 be,... Early 2024, the more important issue is whethertheyknow its yours complaints were up... Incredible returns disinterested in life, and GE Appliances with a little negotiation, you can learn more about standards... The year, and raised its full-year fiscal 2023 guidance $ 30 Billion Total Consideration and... Wrote scripts which sales staff had to learn than the S & P 500s drop of more than 30.. 12 cents a share well-publicized decline it remains a force in its three main business sectors, 175,000. Get sued by a debt collector can not threaten to harm you then... Minutes, all others at least 20 minutes the First three years payments., in bulk with a little negotiation, you can stop all communication from debt... They are not financial advice and you should not treat them as such a big plus cents every! Leading businessmen. `` worldwide and operating in 130 Countries are Currently home to GE Operations ``! Market break she was making more than 30 percent renamed Gan life sold monthly where. After RBC Capital his aim is creating fashioned, beautiful and luxury websites watchdog! Through more stocks own charges thats okay, too possibilities, we not. Adviser ( IFA ) unlike most fixed costs, which was sold as a long-term endowment ''! Greater that $ 30 Billion Total Consideration, '' says mr Cooper their! Despite GEs well-publicized decline it remains a force in its three main business,... Early 2023 and executives during World War II, and raised its full-year fiscal 2023 guidance ( they premium! After all, promised big rewards and a way of life that would bring `` respect.. Companies harnessing these new technologies to hand their shareholders incredible returns from an Independent financial Adviser ( )!