Comments on: Sound Off! http://www.thenumberbook.com/blog/2006/05/04/sound-off/ Mon, 01 Dec 2008 16:11:53 +0000 http://wordpress.org/?v=1.5.2 Comment on Sound Off! by: JayCeezy http://www.thenumberbook.com/blog/2006/05/04/sound-off/#comment-32 Fri, 05 May 2006 16:02:38 +0000 http://www.thenumberbook.com/blog/2006/05/04/sound-off/#comment-32 Speaking as a civilian, my biggest concern is how the advisor gets paid. A close second is the risk-adjusted performance of the advisor recommendations. My experiences with advisors have not been great; they immediately assume a low level of financial literacy (they may be right in most cases). It would be nice to have them ask some questions up front, to at least give the illusion that they are interested in my needs before selling me some pre-packaged set of funds that gives them a great commission and annual nut. We've all heard horror stories about 80 year-olds being sold annuities, or some other inappropriate insurance instrument. Advisor integrity, as well as results that are better than the overall market performance, are my concerns. Real results for a client speaks volumes; just reverse-engineering a basket of funds that have done well prove nothing. Speaking as a civilian, my biggest concern is how the advisor gets paid. A close second is the risk-adjusted performance of the advisor recommendations.

My experiences with advisors have not been great; they immediately assume a low level of financial literacy (they may be right in most cases). It would be nice to have them ask some questions up front, to at least give the illusion that they are interested in my needs before selling me some pre-packaged set of funds that gives them a great commission and annual nut.

We’ve all heard horror stories about 80 year-olds being sold annuities, or some other inappropriate insurance instrument.

Advisor integrity, as well as results that are better than the overall market performance, are my concerns. Real results for a client speaks volumes; just reverse-engineering a basket of funds that have done well prove nothing.

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