You have seen the headlines. Financial service firms have paid billions of dollars of fines for cheating investors. So, how does this impact you? More than you might think and you do not have to buy investment services or products from the firms in the headlines. You just have to be unlucky enough to select the wrong type of financial advisor.<\/p>\n
Deceptive Titles<\/strong><\/p>\n Before I describe an easy way to protect your financial interests, you should know that titles mean absolutely nothing in the financial services industry. Anyone can claim to be a financial planner or advisor, whether it is true or not. Wall Street representatives select titles that will reduce your sales resistance<\/span><\/a><\/span> and facilitate the sale of investment and insurance products.<\/p>\n Consequently, you have to look past titles and look at how advisors are compensated to determine their role in relation to your assets. \u00a0Review our Infographic \u2018How Does Financial Advisor Compensation Impact You?\u2019\u00a0<\/strong>to understand the differences.<\/p>\n