I try to help my clients out to the best of my ability. I absolutely uphold ethical standards. Its important to me not because the SEC and NASD would pound down on my ass, but because I care and want to sleep at night.
I don't sell my clients expensive products they don't need. I don't overcharge on my wrap account fees. And if a client needs an asset distribution, I make damn sure that they will pay the least as possible in taxation.
Not so for other assholes. I've stayed calm about this when communicating with the clients and the other advisor, but I've been absolutely livid over this all afternoon.
So, my point is, working with a financial planner is very important if you don't have the time, knowledge, and inclination to do it yourself. But be careful who you work with. Just like there are shady strippers, car salesman, and realtors, there are just as many shady investment advisors/brokers. Do your research on the person and the company. Take a good look at what they are recommending.
Let me know if you have any questions. Thanks!




Reply With Quote

.

Bookmarks