Today was my appointment with my "financial advisor". He came over and spent about an hour with me. He asked me what he may be able to help me with, and we focused on alternatives to CDs and bonds for fixed income solutions. He described two different products:
1) A product with a 4% guaranteed return, and some upside to share in the market gains but with no loss of principal if the market goes down.
2) A product with a 1% annual fee that gives you a 25% premium over the gains on the above product, but again with no loss of principal.
I let him know I would like to review the fine print details of the program, and he said he would send me a copy of the contract for the Allianz 360 product for me to review.
I didn't find him to be particularly pushy. He could tell that I'm used to reviewing contracts and I understand financial investments fairly well. If he misrepresented anything, I think he figured out pretty quickly that I would figure it out after review the terms of the contract. He said he would be sending me the information in the mail. ...