123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

What Your Average Boston Financial Advisors Will Not Tell You

By Author: Paladinregistry .com
Total Articles: 7

The first thing that you’ll never hear from your average financial planner advisor, is how unregulated the industry is. Virtually anyone with a computer and high school diploma could claim to be an investment expert. The SEC (Security Exchange Commission) has over the years together with other regulatory bodies been working on regulating the sector but most clients are still not satisfied.

Qualifications and Experience

According to many insiders and experts who have worked in the industry for many years, the job not only requires a degree, but also some experience. An MBA is better than an accounting qualification, as it gives a better and broader picture from different perspectives. A planner without the necessary qualification, working for an investment firm, is simply a sales rep who makes money by selling securities and annuities to the clients on behalf of the company.

Hidden Fees

Because of poor regulation of the industry, some advisors will not disclose all the fees. The law for a long time did not force the service providers to disclose all the hidden fees. Sometimes, they may favor wealthier clients and give them information on a more lucrative investment because of what they stand to gain from a small percentage of their investment. The SEC has tried to prevent this, for those with high as well as low financial advisor ratings, by requiring that all their fees be disclosed in a special document that can be found on the SEC website.

Useful Advice

Most of them will not give you a very clear picture of what the prospects are. They may sound very optimistic about an investment, but some may not even have an idea of what will happen to certain stocks in the near future. The truth is that there is always some level of uncertainty. Any financial planner advisor, who claims he can guarantee results without any doubts or uncertainties whatsoever, is probably lying.

Sometimes the advisor may not disclose the actual picture of your financial status, either because they are incapable of doing so, or because it is not beneficial to them. An unqualified person may not be in a position to tell with certainty when there is a problem.

The best thing to do is to establish their financial advisor ratings by researching online. However, they will also not disclose that they may begin to research you in return, once they realize you are researching them. Researching anonymously can help you avoid unsolicited calls and emails from them.

Paladin Research & Registry is an experienced Content writer and publisher for Business Development. Visit at http://www.paladinregistry.com/ to know more about Best Financial Advisors and Top Financial Advisors

Total Views: 65Word Count: 440See All articles From Author

Business Articles

1. Styrene Prices Updates In First Quarter Of 2017
Author: Mirza Zahid Baig

2. Updated And Cost-effective Ibm Crm Users Email Lists To Reach Target Audience At The Right Time
Author: Jordan Smith

3. Opportunities For The Global Continuous Fiber Thermoplastics Market To Grow At A Cagr Of 9.5%
Author: Roy Almaguer

4. What Is The Procedure Of Manufacturing Tissue Paper Using The Toilet Paper Machine?
Author: Zack Kugler

5. Best Property Dealer In Bhopal
Author: byterealestate

6. Bells And Whistles Of A Servo Voltage Stabilizer
Author: R. D. Electric Works

7. Technical Writing For Hr Professionals
Author: NetZealous LLC, DBA TrainHR

8. Best Campers For Your Adventure
Author: Paul Wright

9. Explaining Different Oil Cooling Methods To Avoid Loss In Transformers
Author: Trutech Products

10. How To Control And Monitor Your Sales And Field Force With Actouch Sales Force Automation (sfa) Mobi
Author: Actouch

11. Web Designing And Web Development Company Toronto
Author: Unknown Member

12. 7 Essential Reasons To Associate With Naswiz Retails Private Limited And Make A Difference To Your L
Author: Shilpa Sharma

13. Save Money And Time With Best Reloading Supplies

14. Prove Yourself By Showing Your Fashion Taste By Beaded Bracelets
Author: John Winslow

15. Professional International Freight Forwarding Services Offer Best Solutions
Author: adkenkaylyn

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: