Posts Tagged ‘fee-only’
What Can Happen When You Have a Life Insurance Salesman as Financial Advisor
Posted by: Michael Zhuang on: January 19, 2012
In an online forum, a doctor’s wife shared with me her story that should serve as a cautionary tale for all doctors. Her husband had a solo medical practice. They had a “financial advisor” who advised them to put their saving into a $5mm cash value life insurance policy. They believed the product not only [...]
Does your financial advisor engage in “fee-ing frenzy”?
Posted by: Michael Zhuang on: February 26, 2009
“Avoid the fee-ing frenzy,” says David Swensen. Marion banks at Wachovia. When she needs to rollover her 401(k) into an IRA account, she naturally asks a Wachovia financial advisor for help. He helps her open an account and recommends she buy the Evergreen Asset Allocation Fund (EAAFX). Is there anything wrong with this picture? Plenty! [...]
Author
You may also get his monthly newsletter, or join his Facebook page for regular wealth management insights. Michael's email is info[at]mzcap.com.
