{"id":873,"date":"2013-06-05T06:31:16","date_gmt":"2013-06-05T13:31:16","guid":{"rendered":"http:\/\/staging-prblog.paladinregistry.com\/blog\/?p=873"},"modified":"2024-08-12T07:25:51","modified_gmt":"2024-08-12T11:25:51","slug":"investors-need-protection-from-bad-financial-advisors","status":"publish","type":"post","link":"https:\/\/www.paladinregistry.com\/blog\/retirement\/investors-need-protection-from-bad-financial-advisors\/","title":{"rendered":"Investors Need Protection From Bad Financial Advisors"},"content":{"rendered":"

\"\"<\/a>There are good financial advisors and there are bad financial advisors. In fact 75% of financial advisors are not really advisors. They are sales representatives masquerading as financial advisors. Reps get away with this sales tactic because less than 10% of investors have a process than helps them determine the quality of advisors before they select them. They make decisions based on processes that are controlled by financial advisors.<\/p>\n

You are solely responsible for protecting your financial interests. But, you need a process that puts your interests first. However, if you are like most investors you do not have the knowledge or time to develop a process of your own. Paladin Research (www.PaladinRegistry.com<\/a>) has developed a process for you.<\/p>\n

Marketing Tactics<\/strong><\/p>\n

What chance do you have when you are up against Wall Street\u2019s sophisticated marketing tactics? The answer is none. Wall Street has had decades to develop finely tuned marketing strategies that its advisors use to dominate relationships with investors.<\/p>\n

The marketing tactics work because you do not have a counter-balancing process that protects your interests. Wall Street has taken advantage of this vacuum for decades.<\/p>\n

The Regulators<\/strong><\/p>\n

Don\u2019t expect much help from the Regulatory agencies. They are more about enforcement than they are about prevention. And, they can\u2019t protect you from yourself. For example, you are on your own if you select advisors based on verbal sales pitches and no due diligence. There is no way regulatory agencies can control what an advisor does and does not say to you.<\/p>\n

It\u2019s Your Money<\/strong><\/p>\n

You need a process that puts you in control of key decisions that impact your relationships with financial advisors.<\/p>\n