Our financial adviser says we are locked in’ and the market dropping will not affect us But she never connects with us unless we call her Does this sound right?
Currently, many advisors have to act in your “best interest,” but what that entails can be almost unenforceable, except in the most egregious cases. While we adhere to strict editorial integrity, this post may contain references to products from our partners. A Financial Advisor typically reports to their Firm Manager or Bank Manager if they work for a financial establishment. However, self-employed Financial Advisors may report directly to their clients.
- “While it might be tempting to hire a financial advisor who is being paid by someone other than you, remember that being commission-based could also mean your best interests aren’t