Buyer Beware
When searching for a financial advisor, you may be frustrated because they all sound the same. You may feel that you have no choice but to pay your money, and hope you get the personal financial skills of a competent technician. Gain control of your finances, rather than being manipulated by the “expert”. Our firm does not sell any investment or insurance products. Rather, we are an efficient provider of financial and investment management services tailored to our clients’ unique situations.
The Consumer Federation of America has stated, “The evidence is clear (that) the majority of planners spend more time on product sales than planning. They earn most of their money on commissions and fees and they focus on their own needs not the client’s best interest.”
Investor losses nationwide are in the billions of dollars from “fraud and abuse”. The American Association of Retired Persons (AARP) advises its millions of members not to work with personal financial planners who charge commissions on the so-called “products” they sell to investors – mutual funds, insurance policies, bonds, etc. Be aware of perceived or actual conflicts of interest.
For some seniors, a free dinner or lunch at a fancy restaurant might sound like a welcome break; yet Senate testimony has revealed that many of these meal offers are rife with fraud.