YOU ARE GETTING BAD ADVICE

If there’s a common thread among nearly every person I talk to, it’s an unfortunate one:  People are getting bad financial advice.  No, TERRIBLE advice.  That is, if they’re getting advice at all.  Let’s be clear:  selling an annuity or insurance product only counts as “advice” in the context of my profession.  We do not… Continue reading>

Big Banking Thinks You’re An Idiot (Or A Frog)

  Have you seen the new Bank of America/Merrill and UBS Wealth Management ads? They’ve painted a lovely picture of themselves as people you can trust to talk about financial life management, helping consumers understand financial trade-offs and the general business of specific financial advice. Wait! Aren't these the same firms that have been steadily… Continue reading>

When “Touchy-Feely” In Finance Is A Good Thing

Ever hear the words “touchy feely” to describe a financial planner? It tends to tick me off since it often comes attached to an “ick factor” that implies something inappropriate or at least completely uncomfortable. Here’s the thing: many financial planners have erected for themselves a secure platform above the fray, from where they can… Continue reading>

10 Warning Signs Your Investment Advisor Is Leading You Astray

You know the old joke. How can you tell when a politician is lying? Their lips are moving. Of course, this isn't true of every politician—is it? But it should be a warning to exercise a rational level of skepticism when listening to the practiced words of those schooled in convincing others for a living.… Continue reading>

When Financial Illiterates Meet The Financial “Advisor” From Hell

"A man came from this financial company. He said he's a financial advisor. Here, he wrote down on this paper, I can get 5%, guaranteed. See, he even signed his name underneath it." (Very interesting. Did he leave you with a prospectus or give you any more information other than what's written on your pad?… Continue reading>