Who do you go to for financial advice?

For most people this is a hodge podge of answers. Depending on your personality type you may seek the counsel of a trusted friend whom you know is successful, or a relative like a parent or a rich uncle. Before you get that advice are you asking yourself how qualified is this individual to give this advice?

Some people who have come in to see me have gotten advice after I have raised issues for them that they hadn't thought of. Some of them come back to me and become clients and others don't and will follow the advice of some unqualified individual like their next door neighbor or maybe a golfing buddy or that parent or rich uncle.

If you are using a stock broker for financial direction you may be in good hands, however they are not trained to be a fiduciary. A fiduciary is someone who will only suggest what is in the best interest of the client. They are not trained to be an advocate. Even though the new laws and financial regulations are changing they haven't gone into effect yet. As of today a broker only is required to suggest what is suitable for their clients. There is a big disparity between what is suitable versus what is best for a particular client. The advisor must ask many personal questions regarding the situation before suggesting a solution.

If you want to know if what you have invested is prudent for your situation or just suitable give me a call at 610-695-8748 or email me at roy@yourwealthadvocate.com and I will be happy to set up a complimentary consultation. After all what have you got to lose?