6 ms·

Almost all "financial advisors" are really just in sales.

• Humdeee 7y ago
  Correct, and developing trust is a fundamental tool in every salesman's pocket.
• GordonS 7y ago
  In the UK (and, AFAIK, across the EU) we have IFAs (Idependent Financial Advisors) who follow rules, such that they are nit permitted to get kickbacks from investments. Does such a thing not exist in the US?
  • jeremyashort 7y ago
    In the US we have "Fee-Only Financial Advisors": https://www.forbes.com/sites/davidmarotta/2012/06/11/fee-only-financial-planner-whats-the-difference/#30da618f3f24 https://www.forbes.com/sites/davidmarotta/2012/06/11/fee-onl...
  • mfoy_ 7y ago
    In Canada we have fiduciaries, but most people aren't that financially literate. If you walk into a bank and ask for a financial advisor they're just going to pass you to a sales rep. Enjoy your TD e-Series! (Although, admittedly, mutual fund MERs have dropped substantially with the rise of low-cost ETFs...)