Why hire an investment advisor/planner/counselor?

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Old 10-05-2023, 11:29 AM
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Originally Posted by BlueStarAirlines View Post
This sounds good, but there is a huge fallacy in the statement. We know what a medical or dental "professional" had to do to become that "professional". There was additional schooling, there were boards to pass, continuing education.

What are the requirements for someone to become a financial "professional"? The answer is absolutely nothing! Most do get certifications such as the CFP and if you want to sell securities one needs to pass the Series 7 or General Securities Representative License test....but its a pretty low bar.

To put a doctor or dentist on the same shelf as a finance advisor is silly. I'm not knocking financial advisors, but due diligence examining their credentials, certifications, and education would be prudent.
Another difference, my unscientific search indicates there are multiple more FA's seeking clients than Doctors seeking patients.
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