Article: Dirty tricks financial advisers play

Posted By Paul

Hi Everyone,

I saw an article on CNN that I wanted to pass on. If you are a frequent reader of this blog you might get the feeling that I am "anti-adviser" from some of my earlier posts:

Adviser or Not?

What are you really paying for advice?

-and-

Article: Before of free financial advice.

It would be fair to say that I am very 'adviser skeptical' since it seems like so often the information they provide you can easily be obtained by just doing a little research, and the cost to you can be significant if you're not careful. There have been so many times where someone I know will mention a financial adviser that "works for free". When I ask my friend if the adviser has suggested a life insurance annuity and my friend says they haven't my standard response is: "Wait a few months, they will." I seem to always be right. To read more about annuities just select the posting label 'annuities' in this blog to bring up the articles where I discuss them.

Considering the role they play in your life, I think a certain level of adviser skepticism is healthy.

Here is the article:

Dirty tricks financial advisers play.