The Investment Scientist

Hire a salesman as your financial advisor …

Posted on: August 15, 2009

and this will happen.

What will happen to your money if you hire a salesman as your financial advisor

What will happen to your money if you hire a salesman as your financial advisor

3 Responses to "Hire a salesman as your financial advisor …"

Hey sometimes the salesman and the sales company have to divide up that pacman like pie!

Too funny and sometimes very true. Remember, even Fee only advisors have to sell their services to help people.

We are all sales persons. The real question should be is the person you hired a good or bad Financial Advisor.

Enjoy

I agree, and it is a harder sales job since we have to disclose fees upfront. On the other hand, we are not after a transaction, we are after a long-term profitable relationship for both clients and us. There is no getting around honesty when you want to build long-term relationships.

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Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC. He is also a regular contributor to Morningstar Advisor and Physicians Practice. To explore a long-term wealth advisory relationship, schedule a discovery meeting (phone call) with him.



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.

Twitter: @mzhuang

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