THe group NAPFA, one of several trade groups for professionals who advise investors, has published a field guide to assist investors as they interview and select a financial advisor.
Why does the weather channel try to frighten you? Why does the financial news channel try to convince you the financial markets are at a critical point – today!? Because both want you to keep watching!
In the world of investment advice, this ultimate conflict of interest inevitably leads to selecting – or firing – an advisor for all the wrong reasons. If you believe experts know more than you do, you will abdicate your own responsibility.
