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Fiduciary VS regular brokers?
Old 09-18-2015, 12:35 PM   #1
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Fiduciary VS regular brokers?

Do you work with a Fiduciary or regular brokers as financial advisers?
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Old 09-18-2015, 12:49 PM   #2
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I don't use any financial advisers or sales reps for advice. I do have a TDAmeritrade person who will do things for me that I ask him to do. Vanguard reps will do thing for me, too. Examples might be: Can you please pre-fill out this form and send it to me? Or Can you please transfer these shares to my child? None of them are fiduciaries.
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Old 09-18-2015, 02:11 PM   #3
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Do you work with a Fiduciary or regular brokers as financial advisers?
- No. At least not in regard to getting any advice on investments.
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Old 09-18-2015, 03:14 PM   #4
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I did a one-time FA consultation before retiring. Now I'm DIY.
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Old 09-18-2015, 03:24 PM   #5
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Used to use a broker that charged tooo much. Figured he was adding little value back in 2007 so fired him and now a DIY.
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Old 09-18-2015, 03:59 PM   #6
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I use both and see him in the mirror every morning.
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Old 09-19-2015, 07:19 AM   #7
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Neither. But if I ever reached a point where I would have an adviser or asset management by third party I would insist on fiduciary.
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Old 09-19-2015, 07:45 AM   #8
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We don't currently use an FA but if DW finds herself suddenly alone I have suggested a few options, one of which is a CFA.
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Old 09-28-2015, 02:03 PM   #9
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Originally Posted by Birchwood View Post
regular brokers as financial advisers?
Brokers are not advisers. They are salesmen. The most expensive free advice you will ever get.

FACT: Three out of four U.S. investors mistakenly think that financial advisers at brokerage firms are required to put clients’ interests first.
‚€˜Clueless‚€™ Investors Think Brokers Are Fiduciaries, Survey Says - Bloomberg Business

Free and unbiased investing advice
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Old 09-28-2015, 08:27 PM   #10
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I use a broker that I have known for 30+ years. I do most by myself, but DW has no investment skills and little to no interest in it.


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