Comments on: Financial Advisors, For Everyone

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By: Asset Reconstruction

Asset Reconstruction — Fri, 23 Jan 2009 11:15:36 +0000

Lack of financial education suffers a major loss. You are right We all need a basic knowledge of finance because we all need to invest money and gain profit from that resources. Financial advisers helps to clarify all these things related finance.

By: William

William — Thu, 22 Jan 2009 01:08:18 +0000

Totally agree … no-fee advisors are critical. Otherwise you DO just feel like you are talking to an insurance salesperson. Not that there is anything wrong with selling stocks or insurance, but if you are looking for unbiased advice, you need them to not have those conflicts of interest.

By: Eric J. Nisall

Eric J. Nisall — Wed, 21 Jan 2009 22:57:59 +0000

I would have to disagree about financial advice being accessible exclusively to the wealthy. The problem is that many “advisors” are really just salespeople pushing investment products, and the wealthy are the ones who generally purchase such products. If you were to look at most financial advisor sites, or even job postings, they all mention sales and products. I’m a big proponent of strictly providing advice (which is all that my company was set up to do), as it accomplishes two things. First, it enables the advisor to be transparent and independent in the advice they dispense. Second, it makes the client the focus, rather than a sales goal.