Talk of The Villages Florida - View Single Post - Is the market going to crash?
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Old 06-11-2021, 09:39 AM
rustyp rustyp is offline
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Quote:
Originally Posted by Joe C. View Post
Why not get a fiduciary (don't go with a financial advisor)....there's a BIG difference.
And get the advice BEFORE reading the books. In other words, don't put the cart in front of the horse.

A financial advisor (certainly not all of them) may charge a commission up front, and take his money and leave your investment up to luck. Many advisors do "front end loading", and/or advise you to invest with their prime concern being them making money off of your investment.
A fiduciary doesn't do that, and by law, must answer to the state for any "screw ups" and possibly loose their license.

Just my 2 cents...(but with inflation, worth 25 cents).

Is there such a thing as "an official fiduciary license" ? If so what are the requirements and who issues the license ? I have asked many advisors are you a fiduciary. No one has ever said no back. What I do get is a list of this organization and that training etc. However what I don't see is a common piece of paper like in the Doctor's office on the wall that clearly says Doctor Degree of Medicine.