I just read an article about a client suing their financial adviser
because they lost money on what was supposed to be a conservative investment. It’s easy to spot bad behavior when you lose
money. But MOST bad behavior is less obvious. When you make money, you are happy. But would you be happy if you found out you
should have made TWICE as much and the difference went to your financial adviser? You probably know 10 people this has happened
to. It’s simple. The earnings on money invested over 20 years
at 5% net of fees will be DOUBLE of what that same money would earn if the annual
fees were 2% higher. Maybe you are even
paying a big, upfront commission AND high annual fees. This is far more common than you think. Be careful of the sales pitch from that adviser
who seems like such a nice man or woman. If you don’t understand what you’re being sold,
you are probably one of the 10 people mentioned above.
Client Priority Financial Advisors LLC is an
independent, fee-only, hourly-advice company.
NO COMMISSIONS. NO AUTOMATIC RECURRING FEES. WE CHOOSE INVESTMENTS WITH ULTRA-LOW EXPENSE
RATIOS WHENEVER POSSIBLE.www.clientpriority.com
