{"id":223,"date":"2020-10-18T07:00:00","date_gmt":"2020-10-18T11:00:00","guid":{"rendered":"http:\/\/staging-prblog.paladinregistry.com\/blog\/?p=223"},"modified":"2024-08-12T08:44:57","modified_gmt":"2024-08-12T12:44:57","slug":"5-ways-to-identify-fake-financial-planners-2","status":"publish","type":"post","link":"https:\/\/www.paladinregistry.com\/blog\/advisors\/5-ways-to-identify-fake-financial-planners-2\/","title":{"rendered":"5 Ways to Identify Fake Financial Planners"},"content":{"rendered":"\n

It is fair to say every family in America needs a financial planners. A high quality plan is your roadmap to a secure financial future: Goals, savings rates, risk tolerance, performance requirements, and financial security. Unfortunately, this huge need by so many people has also produced a major scam that is used to deceive people.<\/p>\n\n\n\n

How does the deception work? A sales representative (insurance agent, stockbroker) claims to be a financial planner to reduce sales resistance \u2013 remember everybody needs a plan. Then the rep uses specially designed software to sell large amounts of investment and insurance products that produce big commissions. The consumer assumes he has a legitimate plan and the rep makes a lot of money.<\/p>\n\n\n\n

How can you protect your family from fake financial planners? It is not easy. The charlatans usually have exceptional sales skills so their pitches make them sound like legitimate planners. Your best protection is to obtain documented, factual information for the following criteria:<\/p>\n\n\n\n

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