Quote:
Originally Posted by rjm1cc
Your financial planner is not a market timer. I would not expect them to tell you to sell your investments, pay capital gain taxes and then invest what is left some time in the future.
I would expect then to help you not panic and sell.
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That is how it should be but possibly not how it is. Some financial advisors are paid by the hour so their compensation is the same no matter what you do. Others work on commission. Annuities pay a high rate of commission so you will find them pushing annuities and other high commission products.
A financial advisor tied to a bank or a brokerage will of course not advise you of better choices with another bank or another brokerage.