Quote:
Originally Posted by Slava
Obviously you've just heard the bad, or dealt with bad advisors. The reality is that almost every mutual fund pays the exact same for me, so there is no incentive for me to push people to one fund over another . Most advisors operate in that manner.
As far as the life insurance comment, this is just plain wrong if you get a good advisor to begin with. I almost always sell people the cheapest insurance policies because its the right thing to do, not because of the amount of commission I make. My entire goal is to do whats best for peoples financial goals...so that is a moot point.
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Good to hear especially regarding the life insurance portion. I hate whole/universal life insurance (they are the Oilers of my investment world
) and would only recommend term insurance if I was an advisor.