More empirical evidence from a Harvard/MIT study that financial advisors are only looking out for one person's interests...it's amazing that this industry continues to operate this way.
So, when the actors came into these offices, what happened? Basically, the advisers advised the dummy clients to do a whole lot of things that were in the advisers' interests, while making some adjustments based on just how much they thought the clients could be persuaded to do.
Financial Advisers Flunk Undercover Sting - SmartMoney.com
So, when the actors came into these offices, what happened? Basically, the advisers advised the dummy clients to do a whole lot of things that were in the advisers' interests, while making some adjustments based on just how much they thought the clients could be persuaded to do.
Financial Advisers Flunk Undercover Sting - SmartMoney.com