Top 10 Reasons Financial Advisors Stink

Top 10 Reasons Financial Advisors Stink

June 30, 2014 Investor Education
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(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

WHY DON’T I JUST DO THIS MYSELF!!!

…maybe you should?

 

 


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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: E-lingo.com, an internet-based provider of automated translation services, and Stonelocator.com, 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.