Fiduciary VS regular brokers?

[Birchwood]

Do you work with a Fiduciary or regular brokers as financial advisers?

 

[LOL!]

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.

 

[Whisper66]

Do you work with a Fiduciary or regular brokers as financial advisers?

- No. At least not in regard to getting any advice on investments.

 

[Animorph]

I did a one-time FA consultation before retiring. Now I'm DIY.

 

[RE2Boys]

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.

 

[frayne]

I use both and see him in the mirror every morning.

 

[jebmke]

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.

 

[MichaelB]

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.

 

[ETFs_Rule]

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

 

[Taxman59]

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.


Have the day you deserve, and let Karma sort it out.

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