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Barry Ritholtz: Say ‘Yes’ To The Financial Adviser Who Will Tell You ‘No’

TedTed
in Off-Topic
FYI: Is finance a profession, akin to accountants, architects, lawyers and doctors? Or is it a mere salesmanship gig, akin to those whose jobs are to hawk as many autos, washing machines or insurance policies as possible that month?

I encountered this question during the recent debate over the Labor Department’s new fiduciary rules governing retirement accounts. For reasons that should be obvious, I support the stricter standard of behavior for advisers, where they are obligated to put clients’ interests first.
Regards,
Ted
https://www.washingtonpost.com/business/get-there/say-yes-to-the-financial-adviser-who-will-tell-you-no/2016/05/27/4fd381a4-211c-11e6-aa84-42391ba52c91_story.html

Comments

  • BobCBobC
    Love this commentary. We do lose some clients because we will say "no". We don't claim we are the smartest or have the best strategy, but we also know some things are way too risky or simply wrong for a client. All investors should read this article.
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