Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 18,536
First... I do not have one... and I know MOST here do not... but there are enough people that come and take a look here that seem to want one or have one...
I saw this video that seemed appropriate... and he had three questions that any FA should answer IN WRITING... the lady said that FA can not tell you something that is not true.... the guy corrected her and said they can tell you something, but they will not put something down in writing that is wrong...
The three questions are:
1> Total annual fees (includes all fees)
2> Portfolio performance (vs the appropriate benchmark which should be spelled out... IOW, if you are 50%/50% the benchmark should also be 50%/50%)
3> Why portfolio is right for you
I find these are interesting questions and I just thought I would throw them out for discussion....
Here is the link..
3 Things Your Financial Advisor Won't Tell You - CBS MoneyWatch.com
I saw this video that seemed appropriate... and he had three questions that any FA should answer IN WRITING... the lady said that FA can not tell you something that is not true.... the guy corrected her and said they can tell you something, but they will not put something down in writing that is wrong...
The three questions are:
1> Total annual fees (includes all fees)
2> Portfolio performance (vs the appropriate benchmark which should be spelled out... IOW, if you are 50%/50% the benchmark should also be 50%/50%)
3> Why portfolio is right for you
I find these are interesting questions and I just thought I would throw them out for discussion....
Here is the link..
3 Things Your Financial Advisor Won't Tell You - CBS MoneyWatch.com