Fross & Fross

[cab1948]

I have checked previous threads on Fross and Fross Investment Firm. There is some positive info. My husband and I have a firm in Massachusetts who currently handle our funds. We would prefer to have someone local handle it for us. We talked with Fross and Fross and had decided to go with them but our current advisor told us that he looked into their firm and warned us against them. He said that no one there was designated as a Certified Financial Planner and their really employed by SII Investments. They never mentioned anything about selling us annuities, like some people have said. If your with Fross are you happy? Any info would be appreciated.

Home | Fross & Fross Wealth Management (https://www.frossandfross.com/)
This is their website.....

[golfer808]

I have checked previous threads on Fross and Fross Investment Firm. There is some positive info. My husband and I have a firm in Massachusetts who currently handle our funds. We would prefer to have someone local handle it for us. We talked with Fross and Fross and had decided to go with them but our current advisor told us that he looked into their firm and warned us against them. He said that no one there was designated as a Certified Financial Planner and their really employed by SII Investments. They never mentioned anything about selling us annuities, like some people have said. If your with Fross are you happy? Any info would be appreciated.

You should be interviewing them not the other way around. Our Wealth Manager is out of MI but is licensed in many states and owns two Ameriprise practices. He has several clients in TV and I would highly recommend him after all he did manage to get us retired at an early age. Respond to this if you would like his name/number.

[PatsFan41]

I have checked previous threads on Fross and Fross Investment Firm. There is some positive info. My husband and I have a firm in Massachusetts who currently handle our funds. We would prefer to have someone local handle it for us. We talked with Fross and Fross and had decided to go with them but our current advisor told us that he looked into their firm and warned us against them. He said that no one there was designated as a Certified Financial Planner and their really employed by SII Investments. They never mentioned anything about selling us annuities, like some people have said. If your with Fross are you happy? Any info would be appreciated.


I'm happy with those guys (and all the helpful ladies). In early 2009 I gave them my money and they have been doing great. Most of it is in funds, and some is in an anuuity. The last two years the guy at H&R block said something because I did well and didn't pay alot in taxes.

[diesel]

success seams to breed to breed contempt !!
Very happy with Fross & Fross

[cab1948]

I was the original poster. Since then, we have gone with Fross & Fross and are very happy. We did actually go for another meeting and questioned them about what our advisor from Massachusetts had said. They explained in detail how they operate and so far we have not been disappointed. It does sadden me when people who have had no experience with someone are so quick to knock them or put them down. Just an observation.

[baileysdad]

We have used them for a couple years..Service is great...their decisions have helped us considerably...I interviewed four other investment companies before deciding to go with F & F...We made the right decision !!! They may sponsor a Polo team, others will give you a membership to a golf club or a gift card..if that's what you want..sign with others..if you want someone to manage your wealth sign with Fross.

[NJblue]

I was the original poster. Since then, we have gone with Fross & Fross and are very happy. We did actually go for another meeting and questioned them about what our advisor from Massachusetts had said. They explained in detail how they operate and so far we have not been disappointed. It does sadden me when people who have had no experience with someone are so quick to knock them or put them down. Just an observation.

For the most part, those who expessed concerns about F&F did have experience with them in that they had interviews with them, saw how F&F operated and how they would invest their money. If they didn't like any of these details, why shouldn't they express their concerns when requested? I'm glad you are happy with F&F, but to belittle those who responded to your request is not called for in my opinion.

Your experience with them is fairly short. I hope you can report back in a few more years and tell us how your returns compared to benchmarks like the S&P 500.

[rubicon]

Perhaps I am mistaken but I subscribe to that philosophy of "beware of Greeks bearing gifts."

It served me well in my corporate life in that I selected outside vendors, suppliers ,providers, etc based on performance . In fact every time I assume accountability for another department my first task was to determine if outside people were chosen on merit or perks.

Fross & Fross's noted for give-a-aways via golf ,etc. Before you answer too quickly by saying that they do so to show their appreciation that's exactly what I got from those vendors whom I let go after an extensive investigation showed me they were more apt to be prone toward appreciation then they were told successful results and the latter is what I was seeking.

Burton Malkiel in Random Walk speaks to the issue of holding long, benchmarks and low operating fees, etc.

I know nothing about Fross except the well publicized perks. I have no idea what their average ROI is for their customers nor the expenses and fees open or hidden associated with doing business with them.

I also learned that leading experts in this field argue all the time defending their various philosophies .

Since 1978 I have focused on investment and the most repeated issue of mutual agreement among investors speak to Burton Malkiel's basic investing principles.

[chelsea24]

We have been with Fross and Fross since 2007. They saw us through the dip so my husband could sleep at night -- and since then we have not only rebounded, but with their guidance, we are way ahead of the game!

I can't say enough wonderful things about Fross and Fross and we know several couples that feel the same way. And, trust me, my husband and some of the people we know are not easy to please when it comes to financial guidance and investments.

FROSS & FROSS ARE THE BEST!!!!!! :BigApplause:

[billethkid]

I prefer people/organizations that do not display in your face buildings, cars etc.

I will take the understated professional who will gladly share with you his wealth, how he is invested and provide references.

btk

[rubicon]

I prefer people/organizations that do not display in your face buildings, cars etc.

I will take the understated professional who will gladly share with you his wealth, how he is invested and provide references.

btk

precisely

[Cedwards38]

I have no knowledge about Fross and Fross, nor about any perks they might provide, or entities they might sponsor. What I do know is that in any business that provides perks...........someone is paying for those perks, and we all know who those "someones" are!

[chelsea24]

I prefer people/organizations that do not display in your face buildings, cars etc.

I will take the understated professional who will gladly share with you his wealth, how he is invested and provide references.

btk

FYI They can afford an "in your face" building because they do such an outstanding job for their clients and if you can find "an understated professional who will gladly share with you his wealth, how he invested, " Share it with us all!!!!! haha! It doesn't exist. I, myself, do not trust "understated". Good luck! :)

WE LOVE FROSS & FROSS!!! :kiss:

[Sandy222]

We have been with Fross and Fross since 2004 and never regretted that decision. During the economic downturn they quickly made changes to our portfolio that prevented us from losing and actually made us money. We feel they have our best interest at heart. We can enjoy life and not worry. I feel very comfortable that if something should happen to my husband that they would be there for me. We have a personal review with them every 6 months so we can discuss any changes that need to be made. I can sleep very well.

[rubicon]

The devil is in the details and no one has advanced discussion as to precisely what advice F&F offers, their fees (type ), the net %of ROI, etc so there is no way to compare to determine if F&F is beating benchmarks and at what costs?


How does F&F compare to fees ROI of say S&P 500 Index Mutual Funds? Counting dividends S&P 500 Index is up 177% since March 2009 and for the 24th time this year it hit an all time high

A repeated theme in the Wall Street Journal is that no one can beat the market and is the basis for some experts to suggest that benchmark funds with low fees in the long run produce higher ROI's .

The ugly truth is that in a good market a portfolio run by a chimp can make you money. However, its the down market that concerns us all and in that diversification is the key. Can a portfolio manager do better than an index fund? That is an ongoing debate in the world of investment. This is part of a conversation I had a few years back with an investment broker who claimed she was making a fortunate. She is the person who described the chimp analogy above. I was one course short of becoming a CFP but her conversation changed my mind.

I have no dog in this fight. Investment is very personal and very complex and thus requires a lot of research and verifying no matter who or how your portfolio is managed. Trust but verify its your money after all and you will be the only winner or loser

[billethkid]

FYI They can afford an "in your face" building because they do such an outstanding job for their clients and if you can find "an understated professional who will gladly share with you his wealth, how he invested, " Share it with us all!!!!! haha! It doesn't exist. I, myself, do not trust "understated". Good luck! :)

WE LOVE FROSS & FROSS!!! :kiss:

To each their own. It certainly does in fact exist.

I personally know several that could by a Fross & Fross each day!!! That does not make one better or lessor; not even in the equation...merely a stated preference....nothing more.

btk

[paperclip202]

It looks like there are several people in this tread that are happy with Fross and Fross. They seem to have several hundred clients in TV and spend significant time marketing their services.

Can someone enlighten us on the following:
- Are they a fee-only advisor or fee plus commission?
- Are they a fiduciary for you the investor? This is huge and I highly recommend that you only work with a fee-only fiduciary advisor. Here is a good article that highlights the differences.
Does Your Broker Make You Broker? | Terry Savage (http://www.huffingtonpost.com/terry-savage/does-your-broker-make-you_b_3567539.html)

- What types of investments are in your portfolio? Mutual funds like American Funds, ETF's or other investments? Do you have A shares, B shares, C shares or no load funds? Do you pay 12b-1 fees back to Fross and Fross?
- Do they compare your portfolio to a custom benchmark/ index every quarter so you can track performance? This will help you determine if they add value over time.
- It looks like they also sell insurance? Do they try to sell you equity indexed annuities or other high commission insurance products?
- Who do they custody your money with? Where is your money held? Is it at Schwab, Fidelity, TD Ameritrade or someplace else?
- Here is their firm brochure. It looks like they are part of SII Investments, Inc. They are required to give the firm brochure to every client and prospect once per year. Are people really paying this high fee schedule or are you getting some sort of TV discount for "private wealth management for select individuals"? At this tiered schedule you would pay $21,249 per year for $1 Million (this is very expensive)!!!! What are people actually paying?

Fross and Foss firm brochure from SEC
IAPD - Part 2 (http://www.adviserinfo.sec.gov/iapd/content/viewform/adv/Sections/iapd_Adv2Brochures.aspx?ORG_PK=2225&RGLTR_PK=50000&STATE_CD=&FLNG_PK=034C43400008016700F3AED004207365056C8CC0)

Standard Linear Fee Schedule - from SII Investments, Inc ADV2 brochure 2013
Portfolio Value Maximum Annual Fee
$0 - $49,999.99 2.75%
$50,000 - $99,999.99 2.75%
$100,000 - $249,999.99 2.50%
$250,000 - $499,999.99 2.25%
$500,000 - $749,999.99 1.90%
$750,000 - $999,999.99 1.75%
$1,000,000 - $1,249,999.99 1.75%
$1,250,000 - $1,749,999.99 1.50%
$1,750,000 - $1,999,999.99 1.40%

When it comes to investing, details matter. We hope to learn more about their approach. Thanks.

[784caroline]

It looks like there are several people in this tread that are happy with Fross and Fross. They seem to have several hundred clients in TV and spend significant time marketing their services.

Can someone enlighten us on the following:
- Are they a fee-only advisor or fee plus commission? (FEE ONLY)
- Are they a fiduciary for you the investor? This is huge and I highly recommend that you only work with a fee-only fiduciary advisor. Here is a good article that highlights the differences.
Does Your Broker Make You Broker? | Terry Savage (http://www.huffingtonpost.com/terry-savage/does-your-broker-make-you_b_3567539.html)

- What types of investments are in your portfolio? Mutual funds like American Funds, ETF's or other investments? (MF, ETFs, Bonds, REITs ...would vary depending upon a clients need) Do you have A shares, B shares, C shares or no load funds? (Typically "I" or "Advisor" class funds - no commission or back charges) Do you pay 12b-1 fees back to Fross and Fross?(All 12b-1 fees are rebated back to your cash balance)
- Do they compare your portfolio to a custom benchmark/ index every quarter so you can track performance? (YES....You can work with them to determine the best benchmark to use...not everyone is for full charge growth ) This will help you determine if they add value over time.
- It looks like they also sell insurance? Do they try to sell you equity indexed annuities or other high commission insurance products?(They are licensed to sell insurance or annunity products. Each clients situation is much different than the next so its hard to generalize. If a client needs some guaranteed income (or downside safety)an annunity may fit their need, this however, is not their primary sell.
- Who do they custody your money with? Where is your money held? Is it at Schwab, Fidelity, TD Ameritrade or someplace else? (SII Investments)
- Here is their firm brochure. It looks like they are part of SII Investments, Inc. They are required to give the firm brochure to every client and prospect once per year. Are people really paying this high fee schedule or are you getting some sort of TV discount for "private wealth management for select individuals"? At this tiered schedule you would pay $21,249 per year for $1 Million (this is very expensive)!!!! What are people actually paying? (The fee schedule(s) you included are part of SIIs package, however in addition to these schedules there is an option for a FLAT fee. Fross and Fross uses a 1% annual flat fee...which is very reasonable for a managed account.)

Fross and Foss firm brochure from SEC
IAPD - Part 2 (http://www.adviserinfo.sec.gov/iapd/content/viewform/adv/Sections/iapd_Adv2Brochures.aspx?ORG_PK=2225&RGLTR_PK=50000&STATE_CD=&FLNG_PK=034C43400008016700F3AED004207365056C8CC0)

Standard Linear Fee Schedule - from SII Investments, Inc ADV2 brochure 2013
Portfolio Value Maximum Annual Fee
$0 - $49,999.99 2.75%
$50,000 - $99,999.99 2.75%
$100,000 - $249,999.99 2.50%
$250,000 - $499,999.99 2.25%
$500,000 - $749,999.99 1.90%
$750,000 - $999,999.99 1.75%
$1,000,000 - $1,249,999.99 1.75%
$1,250,000 - $1,749,999.99 1.50%
$1,750,000 - $1,999,999.99 1.40%

When it comes to investing, details matter. We hope to learn more about their approach. Thanks

[keithwand]

I wii stick with Bernie Madoff and his stellar returns.

[Jrs1958]

I have checked previous threads on Fross and Fross Investment Firm. There is some positive and negative info. My husband and I have a firm in Massachusetts who currently handle our funds. We would prefer to have someone local handle it for us. We talked with Fross and Fross and had decided to go with them but our current advisor told us that he looked into their firm and warned us against them. He said that no one there was designated as a Certified Financial Planner and their really employed by SII Investments. They never mentioned anything about selling us annuities, like some people have said. We are confused. If your with Fross are you happy? Any info would be appreciated.
I use Interactive Brokers and they are excellent and cheap although they don't offer advice. I have set my account up as follows and it generates an excellent income stream and I think is conservative.

10% cash
10% acg
10% vti
10% fam
10% pff
10% awf
10% lqd
10% pcef
10% dia
10% nma

I reinvest dividends to keep these balances. IB charges .05 per share traded

[Mallory Voice]

I have checked previous threads on Fross and Fross Investment Firm. There is some positive and negative info. My husband and I have a firm in Massachusetts who currently handle our funds. We would prefer to have someone local handle it for us. We talked with Fross and Fross and had decided to go with them but our current advisor told us that he looked into their firm and warned us against them. He said that no one there was designated as a Certified Financial Planner and their really employed by SII Investments. They never mentioned anything about selling us annuities, like some people have said. We are confused. If your with Fross are you happy? Any info would be appreciated.

Interesting - did you know that Fross & Fross handles the Morse portfolios?
Tom is a regular on the TV financial news stations? They handle annuities because they are safe investments for seniors with assets to protect. Just makes sense right? We've personally talked to several of their clients and they have all said that they are making money, assets are protected, and they're happy. We have transferred all our investments to them. We trust them. You'll be in better hands with Fross & Fross than any other financial institution in our area - bare none because we have been with them all from time to time!
Hope this helps! MV
:clap2:

[bmac007]

Sounds like good experiences with Fross & Fross. Any other recent feedback?

[STLRAY]

Before employing anyone to manage your finances you should check out FINRA.ORG and click on Broker Check. Thomas Fross has had numerous complaints from clients. Use your best judgement.

[petsetc]

paulmerriman.com - read his 3 FREE ebooks - at least read the one titled "Get Smart or Get Screwed" before making new investments.

[dewilson58]

Give them $1mil to invest for you.
After 10 years, you paid them over $200,000.
Ouch.

[Dan9871]

I've been happy with Steve Resler of Hallmark Capital. He is a CFP and a fiduciary. (407)-567-2934.


I have checked previous threads on Fross and Fross Investment Firm. There is some positive info. My husband and I have a firm in Massachusetts who currently handle our funds. We would prefer to have someone local handle it for us. We talked with Fross and Fross and had decided to go with them but our current advisor told us that he looked into their firm and warned us against them. He said that no one there was designated as a Certified Financial Planner and their really employed by SII Investments. They never mentioned anything about selling us annuities, like some people have said. If your with Fross are you happy? Any info would be appreciated.

Home | Fross & Fross Wealth Management (https://www.frossandfross.com/)
This is their website.....

[Hifred]

We had several meetings with Fross and Fross. They seemed very professional and we were ready to transfer our money to them. We got the paperwork and read it noticing that they were with LPL financial. If you look at emails you get from them you will notice it states LPL financial. LPL was fined numerous times once for 11.7 million dollars by FINRA, another time for 10 million, another time for 6.5 million and has been cited in a number of attorney general complaints and improper regulatory actions. You can look up LPL financial and read for yourself before making a decision. We personally found that to be disconcerting and chose not to invest with Fross and Fross. However, investments are a personal decision so it is important you do your research and come to your own conclusions. Some of the problems with LPL was they were charged with sales of complicated REITS or non-traded REITS to unsophisticated investors, failing to maintain a proper supervisory system with respect to the sales, employee misconduct, and the like. The people at Fross and Fross did seem efficient and caring however, after reading horror stories of others who worked with offices also owned by LPL I decided against it.

[CoachKandSportsguy]

The key to the current questions is how will they invest your money in an inflationary environment of 5% or greater? how will they invest your money in a rising interest rate environment? Fidelity told us in December they did not see a recession in the next 12 months. . . hmmmm. . . the question is how quickly do they adapt to changes in the market environment, or do they set it and forget it? Given your answers to their risk profile questions, can they show you how a similar proposed portfolio returned with the investment changes over the last 20 years? the biggest uncertainty right now is that the US bond market has been in a deflationary trend for 40 years, which ended with the pandemic when interest rates went to ZERO. That positive market support is now gone from a long term basis.

finance guy, which this type of question is all about, future investments and returns

[CoachKandSportsguy]

We had several meetings with Fross and Fross. They seemed very professional and we were ready to transfer our money to them. We got the paperwork and read it noticing that they were with LPL financial. If you look at emails you get from them you will notice it states LPL financial. LPL was fined numerous times once for 11.7 million dollars by FINRA, another time for 10 million, another time for 6.5 million and has been cited in a number of attorney general complaints and improper regulatory actions. You can look up LPL financial and read for yourself before making a decision. We personally found that to be disconcerting and chose not to invest with Fross and Fross. However, investments are a personal decision so it is important you do your research and come to your own conclusions. Some of the problems with LPL was they were charged with sales of complicated REITS or non-traded REITS to unsophisticated investors, failing to maintain a proper supervisory system with respect to the sales, employee misconduct, and the like. The people at Fross and Fross did seem efficient and caring however, after reading horror stories of others who worked with offices also owned by LPL I decided against it.

:boom: :welcome:

Most all customer facing investment professionals should and will present that way. However, that should have no bearing on how they handle your money. Money investments is a process to adapt to changing environments and forecasts. There will always be a historical data to their performance, you just have to look at it to see if it makes sense to you with changing outlooks such as high valuations, rising interest rates, increasing systemic risks.

[retiredguy123]

Give them $1mil to invest for you.
After 10 years, you paid them over $200,000.
Ouch.
I never have and never would pay someone a percentage of my assets to invest for me.

[manaboutown]

F&F certainly has a lot of costly overhead and charges very high fees for a little hand holding and guidance. And happy Hours!!! Oh boy! I wonder what their historic investment track record has actually been. Very few beat the market averages and usually not for long. There are only a handful of exceptions. Warren Buffett, Charlie Munger, Peter Lynch and Bill Miller come to mind.

Where are F&F's customers' yachts?

[ChrisTee]

F&F certainly has a lot of costly overhead and charges very high fees for a little hand holding and guidance. And happy Hours!!! Oh boy! I wonder what their historic investment track record has actually been. Very few beat the market averages and usually not for long. There are only a handful of exceptions. Warren Buffett, Charlie Munger, Peter Lynch and Bill Miller come to mind.

Where are F&F's customers' yachts?

You're spot on. The science is that actively managed funds rarely outperform index funds. For those new to investing, that means that a human will almost NEVER do a better job with a mutual fund than a basic index fund will achieve.

"If you're investing for the long term, passive funds of all kinds almost always give higher returns. Over a 20-year period, about 90% index funds tracking companies of all sizes outperformed their active counterparts." - Forbes

Make more $$!
Now you know that you can go to Vanguard.com, Fidelity etc. and have the BEST chance of getting the HIGHEST return on your $ - for ALOT less than a stealer FA.:thumbup: Vanguard's index mutual funds cost about .18% ------ yes, way less than a percent/yr. Vanguard and Fidelity charge much much less than any FAs Im aware of... and both Vanguard and Fidelity have dedicated, intelligent people to walk you through the process if you'd like help.

Of course if you want lower than average returns on your money AND you want to pay big $$ to a FA, you're free to do that. We're talking thousands ++ per year.

[baileysdad]

We have been with F&F since 2008. Have seen the the good. the bad and the ugly. They have done what we pay them to do...make us money!

[manaboutown]

I just found a fascinating website which shows how the S&P 500 performed from year X to year Y with dividends reinvested, not adjusted for taxes, but factoring in inflation. S&P 500 Returns since 2008 (https://www.in2013dollars.com/us/stocks/s-p-500/2008?amount=100&endYear=2022)

How have anyone's results compared?

"If you invested $100 in the S&P 500 at the beginning of 2008, you would have about $366.22 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 266.22%, or 9.15% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 164.85% cumulatively, or 6.79% per year."

Also, Charles D. Ellis on index funds vs. actively managed funds: https://www.youtube.com/watch?v=YYjvA7U__mk

[Stu from NYC]

We have been with F&F since 2008. Have seen the the good. the bad and the ugly. They have done what we pay them to do...make us money!

But have they done better than buying a good diversified package of well rated no load mutual funds and reinvesting the dividends?

[Babubhat]

But have they done better than buying a good diversified package of well rated no load mutual funds and reinvesting the dividends?

Positive responses are dubious at best. Risk adjusted returns matter. Most clients have no idea what that number is. A monkey with a dart would have made good money during the bull run.

Stick with low costs etf. Advisors are expensive hand holders

[ChrisTee]

Babbuhat, Manaboutown and Stu from NYC have it right. The folks here who say they like their financial advisor FAs don't know or don't share their results with us - why? Risk adjusted returns matter - they're very important. As others have stated here - a monkey can make money in a good market. Focus on your risk adjusted returns and know how your investments did compared to the market in general, and compared to a diversified portfolio of no load index funds.

[ChrisTee]

We have been with F&F since 2008. Have seen the the good. the bad and the ugly. They have done what we pay them to do...make us money!


Well, how'd that compare to just putting your money in a few diversified index funds at Vanguard or Fidelity? It was pretty darn easy to make money during that time period.

Perhaps you would have made more - much more if you simply put your funds into a small, diversified mix of a no-load index mutual funds in 2008.

[Babubhat]

Would love to see how they justify any fee in this market. Perhaps lost you less money than an index?

[retiredguy123]

The idea of paying someone a percentage of my assets to buy and sell stocks does not make sense to me. Never has, never will.

[manaboutown]

The idea of paying someone a percentage of my assets to buy and sell stocks does not make sense to me. Never has, never will.

They appear to sell annuities, a particularly high commission product, judging from the complaints of record FINRA shows resolved one way or the other.

They also sell life insurance; indeed, for the most part their employment histories originated in the insurance industry. Of course these are high commission, low yield products.

Noteworthy to me is that their formal post high school education is not posted as part of their CVs on the F&F website. Enquiring minds want to know! Oh well...

[Stu from NYC]

They appear to sell annuities, a particularly high commission product, judging from the complaints of record FINRA shows resolved one way or the other.

They also sell life insurance; indeed, for the most part their employment histories originated in the insurance industry. Of course these are high commission, low yield products.

Noteworthy to me is that their formal post high school education is not posted as part of their CVs on the F&F website. Enquiring minds want to know! Oh well...

Amazing how some of these so called financial advisors do not bother to advertise their qualifications for telling others how to invest their life savings. One was a former math teacher who had enough of teaching and thought he could do better as an advisor.

Some have even said they use a computer model that tells when you should buy and sell in the market.

[manaboutown]

Amazing how some of these so called financial advisors do not bother to advertise their qualifications for telling others how to invest their life savings. One was a former math teacher who had enough of teaching and thought he could do better as an advisor.

Some have even said they use a computer model that tells when you should buy and sell in the market.

One of my fraternity brothers from college became an insurance salesman. He was not one of the brighter bulbs on the tree and one semester had 15 hours of F so dropped out and joined the army. He eventually returned to college and obtained a BA in education. He was not making enough teaching so he started selling life insurance on the side. He soon gave up teaching and went into selling life insurance full time. He told me in his first full time year he made three times the income he had made the prior year as a school teacher. He eventually started his own agency and his son joined him. They have had a few complaints filed against them over the years.

[bimmertl]

Amazing how some of these so called financial advisors do not bother to advertise their qualifications for telling others how to invest their life savings. One was a former math teacher who had enough of teaching and thought he could do better as an advisor.

Some have even said they use a computer model that tells when you should buy and sell in the market.

If you consider getting a financial advisor, one of the things to look for is an advisor who is certified a Certified Financial Planner.

Certified Financial Planner (CFP): What You Need to Know - NerdWallet (https://www.nerdwallet.com/article/investing/certified-financial-planner)


None of the advisors at Fross and Fross has that designation.