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6 Red Flags Of A Bad Financial Planner

Tuesday, June 4, 2013 - 7:19 PM
From MoneyRates:
A good financial planner can guide you toward useful products, boost the returns on your investments and help you design a sensible approach to retirement. A bad financial planner, on the other hand, may fail spectacularly on each of those counts -- and others.

How can you tell if you're stuck with an incompetent or unscrupulous financial planner? Here are six red flags you may encounter.
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Among the red flags:  all the adviser has is a hammer, making every situation look like a nail.  A planner who does not take into account your personal situation but tries to fit you into his favorite investment is bad news.
pearlbrownpearlbrown1,465 posts since
Nov 2, 2010
Rep Points: 6,374
1. Tuesday, June 4, 2013 - 8:30 PM
There is no good financial planner except the non-professional (i.e., non-money-earning) ones.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427