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Choosing A Financial Advisor: Who Can You Trust With Your Money?

Friday, October 25, 2013 - 9:45 AM
If there were a prize for the biggest oxymoron of the decade, “trusted financial advisor” would be among the finalists, and probably waltz off with the top prize, uncontested.

http://www.theguardian.com/money/2013/oct/17/choosing-financial-advisor-trust-doctor
7
ShorebreakShorebreak2,367 posts since
Apr 6, 2010
Rep Points: 12,602
1. Friday, October 25, 2013 - 10:53 AM
"A Fool and His Money are Soon Parted"  especially if they trust anyone but themselves with their money.  I am all for listening to what they may advise but as for turning my funds over to anyone but "myself" to save and/or invest, that is a big "No, No".  Seniors are the greatest prey for these people because usually the one who handled the funds dies and the other is desperate for help.  That desperation can cost them a lifetime of savings.  I am constantly giving my partner instructions as to what "not" to do if I go first.  He, unfortunately, has put himself in the position of a lot of seniors and may end up prey to those who will be so glad to "help" him.  Not my problem.  I won't be around to worry about it if I am gone.
4
paoli2paoli21,140 posts since
Aug 10, 2011
Rep Points: 5,083
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