Top 10 Reasons Financial Advisors Stink

Top 10 Reasons Financial Advisors Stink

June 30, 2014 Investor Education
Print Friendly
(Last Updated On: March 15, 2015)

We were sitting around the office today discussing the type of financial advisor we’d like to be.

Then it struck us. What would Charlie Munger do?

Invert, always invert.

So we decided to come up a list of 10 things people DON’T like about their financial advisor

  1. Charging me too much
  2. I can’t understand what they actually charge
  3. Always trying to sell me a bank product
  4. Overly aggressive in recommendations
  5. Constantly changing my investments
  6. Poor returns
  7. The investment strategy is too complicated
  8. Nobody listens to my opinion
  9. My calls are secondary to the richer guy
  10. Nobody will take ownership of mistakes


…maybe you should?



Note: This site provides NO information on our value investing ETFs or our momentum investing ETFs. Please refer to this site.

Join thousands of other readers and subscribe to our blog.

Please remember that past performance is not an indicator of future results. Please read our full disclosures. The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Alpha Architect, its affiliates or its employees. This material has been provided to you solely for information and educational purposes and does not constitute an offer or solicitation of an offer or any advice or recommendation to purchase any securities or other financial instruments and may not be construed as such. The factual information set forth herein has been obtained or derived from sources believed by the author and Alpha Architect to be reliable but it is not necessarily all-inclusive and is not guaranteed as to its accuracy and is not to be regarded as a representation or warranty, express or implied, as to the information’s accuracy or completeness, nor should the attached information serve as the basis of any investment decision. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from Alpha Architect.

Definitions of common statistics used in our analysis are available here (towards the bottom)

About the Author

David Foulke

Mr. Foulke is currently an owner/manager at Tradingfront, Inc., a white-label robo advisor platform. Previously he was a Managing Member of Alpha Architect, a quantitative asset manager. Prior to joining Alpha Architect, he was a Senior Vice President at Pardee Resources Company, a manager of natural resource assets, including investments in mineral rights, timber and renewables. He has also worked in investment banking and capital markets roles within the financial services industry, including at Houlihan Lokey, GE Capital, and Burnham Financial. He also founded two technology companies:, an internet-based provider of automated translation services, and, an online wholesaler of stone and tile. Mr. Foulke received an M.B.A. from The Wharton School of the University of Pennsylvania, and an A.B. from Dartmouth College.