13 Things Your Financial Adviser Won't Tell You

I found this interesting article on Shine from Yahoo! , an on-line lifestyle blog. They in turn got it from the Reader’s Digest. I am passing it along to you because it generally repeats what I have been telling folks about financial advice from brokers and others who rely on commissions or hidden charges. It’s good to see others taking up the same cause. Remember, Registered Investment Advisors (RIAs) like Oaktree are fee-only advisors and portfolio managers whose income is tied to your total assets under management and who are thus tied to the successful return on your investment for their income.
--R.S.J.




13 Things Your Financial Adviser Won't Tell You

Interviews by Michelle Crouch

Financial consultants share some of the secrets of the trade.

1. Certified financial planners and NAPFA-registered financial advisers take a pledge to put their clients' interests ahead of their own, but traditional stockbrokers aren't held to the same standard, even if they've given themselves the title “financial adviser.”

2. Do some digging before you hand me the keys to your future. Use BrokerCheck at finra.org to see if I've been in trouble.

For the complete article go to 13 Things Your Financial Adviser Won't Tell You