Undercover report on advisors full of holes?

Undercover report on advisors full of holes?

2 Comments
  • Barb 2015-09-24 9:56:41 AM
    Very useful analysis to make public. It was not a surprise to me that investment advisors did not get to the fee discussion as there are so many issues that must be discussed before becoming a client (and nor do lawyers often describe a fee at a first session unless the would-be clients ask - did the clients ask about compensation?). I think the report would have been helped if the length of the "interviews" was identified as well.
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  • Glen Rankin 2015-09-24 12:47:02 PM
    I agree with Barb. The initial meeting may be more of a get to know you session to see if the advisor and client are a good fit. Discovery may occur at the next appointment. Recommendations may not happen until appointment three.
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