Has your advisor told you, “I am selling you this product to make a huge commision”? We didn’t think so. Sometimes the most powerful information is what you are not being told. With financial planning and asset management, the stakes are simply too high. In this ColoradoBiz article, our founder and president, Kevin McNab provides a refreshing look at 5 things your advisor will not tell you.
Financial advisors have a lot to say. They may tell you about the past performance of a fund or use financial jargon to explain a concept. They may talk about the rich tradition of their company or discuss your financial goals. There are also many different types of advisors. There are independent fee-only advisors and there are commission-based advisors. There are advisors who service thousands of clients for huge mutual fund companies and there are advisors who work for big brokerages with traditional “Wall Street” firms. They may also go by different names including wealth management advisors or financial planners with titles ranging from personal financial advisor to vice president. With all this variety, what you don’t know, could hurt you, and frankly, the stakes are simply too high not to ask. Here are some of the unmentionables to beware of…READ MORE!