Is your financial advisor biased?
To find out, read on…..
Steve
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Is your financial advisor biased?
To find out, just check two things: Is the advisor human? Is he or she breathing? If so, the advisor is biased.
Even if someone created a supposedly objective robotic financial planner—let’s call it CFP-3-O—it would carry its programmer’s biases. Any providers of financial services have opinions and biases. A host of factors such as their personal backgrounds, professional training, and experience in the industry shape their investment philosophies. Their compensation model also influences their financial advice.
What you can do as a potential client is evaluate the factors that might affect an advisor’s biases. Then you can decide whether their biases will work in your favor.
After 40 years of experience in various sectors of financial services—from real estate to all types of insurance and securities—I know how these industries work. That experience as a financial services insider has given me plenty of opinions, which often show up in my weekly columns.
read the complete article here: Rick Kahler: No Such Thing as Unbiased Financial Advice |.
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