Top 10 Reasons Financial Advisors Stink
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
- Charging me too much
- I can’t understand what they actually charge
- Always trying to sell me a bank product
- Overly aggressive in recommendations
- Constantly changing my investments
- Poor returns
- The investment strategy is too complicated
- Nobody listens to my opinion
- My calls are secondary to the richer guy
- Nobody will take ownership of mistakes
WHY DON’T I JUST DO THIS MYSELF!!!
…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)