Sunday, February 17, 2013

What to Ask a Financial Advisor | Reduction

What to Ask a Financial Advisor

Conflict with Executive Sponsor
Conflict with Executive Sponsor by Tatiana12
License (according to Flickr): Attribution License
Excerpt:

Using a skilled financial advisor can be a great way to increase your investment returns and help sustain a successful portfolio for the long term. Yet some of these advantages can be offset, or even eliminated, if your advisor is more concerned about building his or her wealth than your own. There are myriad scenarios where conflicts of interest can occur. For example, if an advisor is anxious to sell you an annuity that will hold every dime you own -- and happens to be earning a large commission on the sale -- this is questionable on several levels. More frequent are cases where generally ethical advisors might tilt toward making recommendations that aren't necessarily unsuitable for the client but would result in greater compensation for them than other options on the table. Let's say you're considering two similar investments.

People:

Ted Schwartz

Overall Sentiment: 0

Relevance: 0.711226

Additional Info:

Company: Capstone Investment Financial Group

Overall Sentiment: 0

Relevance: 0.551695

Organization: SEC

Overall Sentiment: 0.134864

Relevance: 0.52856

Organization: federal Securities and Exchange Commission

Overall Sentiment: 0

Relevance: 0.483029

Organization: Financial Industry Regulatory Authority

Overall Sentiment: -0.224533

Relevance: 0.446511

Organization: Oregon State University

Overall Sentiment: 0

Relevance: 0.423765

Organization: Duke University

Overall Sentiment: 0

Relevance: 0.421146

Organization: FINRA

Overall Sentiment: 0.072217

Relevance: 0.368705

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