Bussenger: Seven signs you’re getting bad financial advice
During the height of the financial crisis, a study complied by Prince & Associates showed that 81 percent of investors with $1 million or more planned to take money away from their adviser.
The study illustrated that the enormous loss of wealth during the Great Recession gave investors a peek into the poor quality of advice they had been getting and thus, sophisticated investors were taking their money elsewhere to put in more capable hands. Almost four years later, investors may still be wondering if they are getting good wealth-building advice or simply being sold products.
I want to arm you with the top seven warning signs that you could be getting bad advice:
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