Originally Posted by Azanon
I dont see what difference it makes pointing this out, since hiring one with any designation makes one a suckor anyway.
An "investment advisor's" primary job is to separate you from a portion of your money and subsequently deposit it in his bank account.
Wow, if that isn't a generalization! I work for an RIA firm and will be the first to let you know that I think we do a very honerable job and are good stewards of our client's money. I personally have the CPA and CFA designations which I think are important, but tell you little about the character of the person you are dealing with.
BTW: does hiring a CPA, JD, or MD also make you a "suckor"?