You really think they are managing your money? FA's have a list of funds that their company offers and they "help you" pick the ones that fit your "risk tolerance". They are not buying and selling individual stocks on your behalf or telling you that you should take some risk and go long or short on some puts or calls at any given time when their detailed market analysis shows them opportunities. There are a good bit of FA's who don't even know how to sell puts or calls much less know when to do it.

They just get your money, make you fell good, and collect their commission. Once they get 20 to 30 million under their belt, its 250k/year for kissing their clients buts telling them everything is ok and you are in good hands.

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Posted by Niner

Member since Apr 2019

2026 posts

Posted on 9/29/22 at 4:14 pm to Bazzatcha

quote:
You really think they are managing your money? FA's have a list of funds that their company offers and they "help you" pick the ones that fit your "risk tolerance". They are not buying and selling individual stocks on your behalf or telling you that you should take some risk and go long or short on some puts or calls at any given time when their detailed market analysis shows them opportunities. There are a good bit of FA's who don't even know how to sell puts or calls much less know when to do it.

They just get your money, make you fell good, and collect their commission. Once they get 20 to 30 million under their belt, its 250k/year for kissing their clients buts telling them everything is ok and you are in good hands.

Exhibit A of someone who has never met, or worked with, a good financial advisor.

1. Not all FAs only sell "their company's" investments.
2. Not all FAs get paid commissions.
3. Not all FAs just buy and sell.

Have hope. There are some good guys out there truly looking out for their client's best interests.

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