Ten Characteristics of Bad Financial Advisors
July 10, 2008
Many financial advisors and planners have turned into ravenous wolves and decidedly become what can only be defined as con artists. They promote and offer products or services designed for one thing only, to rob you blind. A great number of them can do it without you ever even knowing it.
Don’t get these types confused with the usual suspects though. I want to make sure that it’s clear that these people or entities are exceptional at the smoke and mirrors game. Their smiles cannot conceal the fact that their products and services are like pouring gasoline on Joe Public’s finances and lighting a match.
These jokers may even wear the title of financial planner or advisor. However, make no mistake that they usually plan your financial demise and advise you into a financial sink hole whenever possible. They only learn enough about their products to be convincing to the unlearned Joe. Most of them do not even know the real pitfalls to their offerings. They choose to be blind in order to deny all responsibility later.
Shortfalls and setbacks is what Joe Public gets from the so-called free consultations doled out by inefficient financial advisors. How is something free if it cost you more in the long run due to lost income or minimum return?
The real target by the legal poverty brokers is to destroy the financial future of those they serve by robbing them of their retirement dollars. Read more