If you're invited to invest big money in a 'wholesale' fund and you don't know what the term 'sophisticated investor' means, alarm bells should be ringing.
![]() | Marcus Padley (MAppFin, LLB, MSAA) is the author of the Marcus Today share market newsletter. He is an author, speaker and a regular on ABC TV and radio. Marcus has been advising institutional clients and a private client base for more than 32 years. |