Many investors are dissatisfied with the services they receive from their advisers despite the bogus claims the advisers often make. You should look beyond the excellent sales presentation and hype. If he does not ask you about your goals and other factors that will determine the suitability of the product for you, your insurance agent may probably be only interested in making his commission. Furthermore, a stockbroker may coax you into buying shares of a company with a streak of losses. He makes money no matter how much you lose. If you buy shares that have proven to be bad investment, your stockbroker makes money twice when you buy and when you sell. A lot of investors are of the opinion that many advisers cannot justify the fee they collect from their clients.
Read more in InvestmentFrontiers Magazine.
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