Quote:
Originally Posted by PramFinancial
Investment advisory services given by them are really profitable for future. The only thing to take care is the high fees of their services. They act as a guardian to your money and savings.
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Not all of investment advisors act as guardians to their client's money and savings. This is why I support the current administration's effort on fiduciary duty requirement. I have seen more than few friends and acquaintances who got fleeced by their investment advisors with high fees, mis-directed, tax inefficient investment churns mainly to generate commissions etc.
Of course this is not to say all investment advisors are crooks or people don't benefit from professional financial advices. I would recommend people to go to fee-only financial planners who are registered investment advisors with a fiduciary responsibility to act in their clients’ best interest