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Thread: Local stockbroker recommendation
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Old 05-16-2025, 06:46 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by MikePgh View Post
As has already been stated a broker is going to sell you things. Things that pay him a commission. That is how he makes a living. The more you buy and sell the more he makes.

If you are doing your own research h and making your own decisions use Schwab or Fidelity.

If you want someone to make the decisions for you and manage your portfolio then you want a fee only advisor. A Registered Investment Advisor has a duty to put your interests first. It’s called a fiduciary obligation.

And do not buy Fisher Investments BS line that they are clearly different. EVERY Registered Investment Advisor has the same duties and obligations.
In my opinion, regardless of the legal fiduciary requirements, it is always a good idea to ask your financial advisor for a signed letter that clearly states that they will be acting as a fiduciary when providing advice.
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