123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL » Business >> View Article

What Your Average Boston Financial Advisors Will Not Tell You

By Expert Author: Paladinregistry .com

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 : 62Word Count Appx. : 440See All articles From Author

Business Articles

1. Asphalt Driveway Repairs In Long Island – How To Go For It?
Author: Joshua Young

2. Why Social Videos Matters For Video Ad Networks
Author: mediaconversion

3. Meet The New York Fashionable Clothes Design Partner
Author: davudobuya55

4. High Quality Fashion Merchandising Site In New York.
Author: davudobuya55

5. Top Notch Designing Services In New York
Author: davudobuya55

6. Meet The Fashion Designing Experts Of New York
Author: davudobuya55

7. The Most Reliable Custom Embroidery Partner In Ny
Author: davudobuya55

8. Quality Automobile Locksmith Service Is All You Need
Author: rokyfernandis12

9. Keep Your Family And Business Safe With Lock Smith
Author: rokyfernandis12

10. Emergency Locksmith Services Are Readily Available
Author: rokyfernandis12

11. Discover Guaranteed Locksmith Services Today
Author: rokyfernandis12

12. Do Away With Crime For Good Effortlessly
Author: rokyfernandis12

13. It’s True! Global Payroll Outsourcing Has Become Important
Author: Sandra Lee

14. Top 7 Factors To Consider While Choosing Amongst The Best Contemporary And Business Hotels In Delhi
Author: Satya Svelte

15. Translate For A New Atlas
Author: Shreya Gupta

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