Posted by: The Investment Scientist on: August 15, 2009
and this will happen.
What will happen to your money if you hire a salesman as your financial advisor
1 | James Brennan
August 18, 2009 at 2:15 am
Hey sometimes the salesman and the sales company have to divide up that pacman like pie!
2 | James C Scott
August 26, 2009 at 9:20 pm
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.
3 | investment-fiduciary
August 26, 2009 at 10:20 pm
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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