{"id":9239,"date":"2018-09-17T09:17:52","date_gmt":"2018-09-17T16:17:52","guid":{"rendered":"http:\/\/blog.paladinregistry.com\/?p=9239"},"modified":"2018-09-17T09:17:52","modified_gmt":"2018-09-17T16:17:52","slug":"are-you-getting-bad-financial-advice-for-your-life-savings","status":"publish","type":"post","link":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/","title":{"rendered":"Are You Getting Bad Financial Advice for Your Life Savings?"},"content":{"rendered":"<p>Advice and recommendations \u2013 there is a huge difference between these two words.<\/p>\n<p>In our everyday lives, the words \u201cadvice\u201d and \u201crecommendation\u201d are often used interchangeably as a \u201csuggestion or proposal put forward by a knowledgeable or authoritative person.\u201d However, when it comes to financial planning and the health of your investments and life savings, there\u2019s actually a huge difference! And that difference depends on whether the suggestion is coming from a broker\/salesman or a real financial advisor.<\/p>\n<p>The difference in most people\u2019s minds is that advice is usually not welcomed unless it has been solicited, while most people are willing to accept a recommendation from someone with knowledge or experience in a matter of interest to them.<\/p>\n<p>However, when it comes to your future financial security, knowing the difference between advice and a recommendation is critically important because they can produce markedly different outcomes.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_68_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e73ba82a38d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e73ba82a38d\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#Advice_Comes_From_Unbiased_Experts\" title=\"Advice Comes From Unbiased Experts\">Advice Comes From Unbiased Experts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#Recommendations_Come_From_Salespeople\" title=\"Recommendations Come From Salespeople\">Recommendations Come From Salespeople<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#Recommendations_are_Often_Cloaked_as_Advice_Salespeople_are_Often_Cloaked_as_Advisors\" title=\"Recommendations are Often Cloaked as Advice (Salespeople are Often Cloaked as Advisors)\">Recommendations are Often Cloaked as Advice (Salespeople are Often Cloaked as Advisors)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#Advice_and_Recommendations_Come_with_Different_Standards_of_Care\" title=\"Advice and Recommendations Come with Different Standards of Care\">Advice and Recommendations Come with Different Standards of Care<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#The_Suitability_Standard_of_Care\" title=\"The Suitability Standard of Care\">The Suitability Standard of Care<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#The_Fiduciary_Standard_of_Care\" title=\"The Fiduciary Standard of Care\">The Fiduciary Standard of Care<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#You_Wouldnt_Seek_Dietary_Advice_from_a_Butcher\" title=\"You Wouldn\u2019t Seek Dietary Advice from a Butcher\">You Wouldn\u2019t Seek Dietary Advice from a Butcher<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Advice_Comes_From_Unbiased_Experts\"><\/span><strong>Advice Comes From Unbiased Experts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>We seek advice from our doctors and attorneys or other experts from whom we can expect to receive objective guidance on matters of importance. Because such advice is typically based on an in-depth study of an individual\u2019s situation and dispensed with the individual\u2019s best interests in mind, it is usually followed without question.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Recommendations_Come_From_Salespeople\"><\/span><strong>Recommendations Come From Salespeople<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>When we go to the store to buy a TV or computer, we often welcome the recommendations of a salesperson because they should have more knowledge about the products we want. They do their best to learn about our preferences and explain why one product might better meet our needs than another. We hope they are unbiased; however, it\u2019s very possible the salesperson is driven by incentives to promote one product over another and he or she is likely to earn more commissions for selling a more expensive product along with accessories.<\/p>\n<p>In the financial services industry, the theory is the same but <strong><a href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/dont-be-the-next-victim-of-financial-fraud\/\" target=\"_blank\" rel=\"noopener\">the sales pitch can be trickier to catch<\/a><\/strong>. And in this situation, the recommendation could be bad financial advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Recommendations_are_Often_Cloaked_as_Advice_Salespeople_are_Often_Cloaked_as_Advisors\"><\/span><strong>Recommendations are Often Cloaked as Advice (Salespeople are Often Cloaked as Advisors)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>When it comes to financial advice, we expect \u2013 or at least hope \u2013 that the guidance we receive is objective and free of any conflicts of interest. But, very often, the distinction between advice and recommendations is muddled, leaving investors to discern.<\/p>\n<p>The good news is there is actually a legal distinction between advice, which is required to be unbiased and in the best interests of the client, and a product recommendation, which only needs to be reasonable and suitable in light of a client\u2019s situation.<\/p>\n<p>The bad news is you really don\u2019t know which you are getting unless <strong><a href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-find-a-fiduciary-financial-advisor\/\" target=\"_blank\" rel=\"noopener\">you know which type of financial advisor is providing it<\/a><\/strong>. The challenge for investors is there are more than 600,000 financial professionals who call themselves a \u201cfinancial advisor,\u201d \u201cinvestment advisor,\u201d financial consultant\u201d or some other title that implies an authentic advisory relationship. However, 90 percent of these \u201cadvisors\u201d are really nothing more than salespeople who are licensed to sell investment products as registered representatives.<\/p>\n<p>They might work for a brokerage firm, an insurance company or an independent broker-dealer. Under regulatory rules, they are not allowed to offer investment advice \u2013 they can only make product recommendations. Essentially, they are paid to sell investment products; not provide advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Advice_and_Recommendations_Come_with_Different_Standards_of_Care\"><\/span><strong>Advice and Recommendations Come with Different Standards of Care<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"The_Suitability_Standard_of_Care\"><\/span><strong>The Suitability Standard of Care <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Recommendations must be based on reasonable grounds that the product is suitable for the client. But, it doesn\u2019t necessarily mean the recommendation must be in the best interest of the client. For example, an advisor can recommend a certain mutual fund based on its suitability for the client, but it may not be the lowest cost alternative. But that\u2019s acceptable if the advisor can show that it is suitable.<\/p>\n<p>Registered representatives are generally commission-based salespeople, which means they don\u2019t make money when they make a product recommendation; only when they sell a product. They may earn higher commissions, a larger payout or a bonus for selling certain products on their broker-dealer\u2019s product platform, which puts them completely at odds with your best interests. And they are not even required to disclose how much they or their firm earn from the sale of a product. Once they sell you a product, they are not required to provide any ongoing advice or guidance with respect to the product or how it is performing.<\/p>\n<p>You can see how this may lead to bad financial advice.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"The_Fiduciary_Standard_of_Care\"><\/span><strong>The Fiduciary Standard of Care<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>There is only one type of financial advisor who is required to provide objective, conflict-free advice in a fiduciary capacity \u2013 Registered Investment Advisors (RIAs) who register with the Securities and Exchange Commission (SEC). As fiduciaries, RIAs don\u2019t sell investment products for a commission. They are paid a fee directly by their clients, which allows them to put their clients\u2019 interests first. Unlike commission-based financial advisors, RIAs are required to fully disclose how they are compensated.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"You_Wouldnt_Seek_Dietary_Advice_from_a_Butcher\"><\/span><strong>You Wouldn\u2019t Seek Dietary Advice from a Butcher<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><a href=\"https:\/\/www.youtube.com\/watch?v=AfSaENxAe0M\" target=\"_blank\" rel=\"nofollow noopener\">The difference between advisors who recommend and sell products and fiduciaries who provide advice is often illustrated by comparing butchers with dieticians.<\/a><\/strong><\/p>\n<p>You go to a butcher because you expect him or her to sell you a quality piece of meat. However, you wouldn\u2019t or shouldn\u2019t expect the butcher to send you to a fish market because fish is a healthier choice for your diet. That would be the job of a dietician, who is knowledgeable about such things and is trained to dispense advice based on your dietary needs.<\/p>\n<p>For the same reason you wouldn\u2019t seek dietary advice from a butcher because he or she obviously has a bias toward meat, you shouldn\u2019t seek financial advice from a stockbroker because he or she has a bias toward certain types of investment products. This can lead to bad financial advice.<\/p>\n<p>If you go to an insurance agent, you can expect to be sold life insurance or an annuity. If you go to a bank, you should expect to be sold bank products because that is what they are paid to do. If you seek unbiased, conflict-free financial advice, you go to a fiduciary financial advisor because that is what they are paid to do.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Advice and recommendations \u2013 there is a huge difference between these two words. In our everyday lives, the words \u201cadvice\u201d and \u201crecommendation\u201d are often used interchangeably as a \u201csuggestion or proposal put forward by a knowledgeable or authoritative person.\u201d However, when it comes to financial planning and the health of your investments and life savings, there\u2019s actually a huge difference! And that difference depends on whether the suggestion is coming<\/p>\n","protected":false},"author":105,"featured_media":9240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[325],"tags":[],"class_list":["post-9239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advisors"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are You Getting Bad Financial Advice for Your Life Savings? - Paladin Registry Blog<\/title>\n<meta name=\"description\" content=\"Would you go to a butcher to ask about squash? Of course not. So why would you go to a saleperson to plan your future? You may get bad financial advice.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are You Getting Bad Financial Advice for Your Life Savings? - Paladin Registry Blog\" \/>\n<meta property=\"og:description\" content=\"Would you go to a butcher to ask about squash? Of course not. So why would you go to a saleperson to plan your future? You may get bad financial advice.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/\" \/>\n<meta property=\"og:site_name\" content=\"Paladin Registry Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-17T16:17:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/bad-financial-advice-reccomendation-Paladin-Registry.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"732\" \/>\n\t<meta property=\"og:image:height\" content=\"477\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lauren Aimes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PaladinRegistry\" \/>\n<meta name=\"twitter:site\" content=\"@PaladinRegistry\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lauren Aimes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/\",\"name\":\"Are You Getting Bad Financial Advice for Your Life Savings? - Paladin Registry Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/bad-financial-advice-reccomendation-Paladin-Registry.jpg\",\"datePublished\":\"2018-09-17T16:17:52+00:00\",\"dateModified\":\"2018-09-17T16:17:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/02cab6f49de5b6bd0080bffe6d5b4a41\"},\"description\":\"Would you go to a butcher to ask about squash? Of course not. So why would you go to a saleperson to plan your future? You may get bad financial advice.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#primaryimage\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/bad-financial-advice-reccomendation-Paladin-Registry.jpg\",\"contentUrl\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/bad-financial-advice-reccomendation-Paladin-Registry.jpg\",\"width\":732,\"height\":477},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.paladinregistry.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Advisors\",\"item\":\"https:\/\/www.paladinregistry.com\/blog\/category\/advisors\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Are You Getting Bad Financial Advice for Your Life Savings?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#website\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/\",\"name\":\"Paladin Registry Blog\",\"description\":\"Helping You Make Better Financial Decisions\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.paladinregistry.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/02cab6f49de5b6bd0080bffe6d5b4a41\",\"name\":\"Lauren Aimes\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/Lauren-Aimes-5x7-color1291-96x96.jpg\",\"contentUrl\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/Lauren-Aimes-5x7-color1291-96x96.jpg\",\"caption\":\"Lauren Aimes\"},\"description\":\"Lauren Aimes has worked in the financial services industry for the past 12 years. She is responsible for managing Paladin\u2019s Registry website for investors who use the services of financial advisors. The Registry provides free educational content about advisors and a match service that connects investors to vetted financial advisors who meet Paladin's requirements for being profiled in the Registry. Lauren\u00a0graduated from California State University, Sacramento with a BS degree in Accounting and is a licensed CPA.\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/author\/lauren-aimes\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Are You Getting Bad Financial Advice for Your Life Savings? - Paladin Registry Blog","description":"Would you go to a butcher to ask about squash? Of course not. So why would you go to a saleperson to plan your future? You may get bad financial advice.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/","og_locale":"en_US","og_type":"article","og_title":"Are You Getting Bad Financial Advice for Your Life Savings? - Paladin Registry Blog","og_description":"Would you go to a butcher to ask about squash? Of course not. So why would you go to a saleperson to plan your future? You may get bad financial advice.","og_url":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/","og_site_name":"Paladin Registry Blog","article_published_time":"2018-09-17T16:17:52+00:00","og_image":[{"width":732,"height":477,"url":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/bad-financial-advice-reccomendation-Paladin-Registry.jpg","type":"image\/jpeg"}],"author":"Lauren Aimes","twitter_card":"summary_large_image","twitter_creator":"@PaladinRegistry","twitter_site":"@PaladinRegistry","twitter_misc":{"Written by":"Lauren Aimes","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/","url":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/","name":"Are You Getting Bad Financial Advice for Your Life Savings? - Paladin Registry Blog","isPartOf":{"@id":"https:\/\/www.paladinregistry.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#primaryimage"},"image":{"@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/bad-financial-advice-reccomendation-Paladin-Registry.jpg","datePublished":"2018-09-17T16:17:52+00:00","dateModified":"2018-09-17T16:17:52+00:00","author":{"@id":"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/02cab6f49de5b6bd0080bffe6d5b4a41"},"description":"Would you go to a butcher to ask about squash? Of course not. So why would you go to a saleperson to plan your future? You may get bad financial advice.","breadcrumb":{"@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#primaryimage","url":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/bad-financial-advice-reccomendation-Paladin-Registry.jpg","contentUrl":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/bad-financial-advice-reccomendation-Paladin-Registry.jpg","width":732,"height":477},{"@type":"BreadcrumbList","@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/are-you-getting-bad-financial-advice-for-your-life-savings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.paladinregistry.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Advisors","item":"https:\/\/www.paladinregistry.com\/blog\/category\/advisors\/"},{"@type":"ListItem","position":3,"name":"Are You Getting Bad Financial Advice for Your Life Savings?"}]},{"@type":"WebSite","@id":"https:\/\/www.paladinregistry.com\/blog\/#website","url":"https:\/\/www.paladinregistry.com\/blog\/","name":"Paladin Registry Blog","description":"Helping You Make Better Financial Decisions","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.paladinregistry.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/02cab6f49de5b6bd0080bffe6d5b4a41","name":"Lauren Aimes","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/Lauren-Aimes-5x7-color1291-96x96.jpg","contentUrl":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2018\/09\/Lauren-Aimes-5x7-color1291-96x96.jpg","caption":"Lauren Aimes"},"description":"Lauren Aimes has worked in the financial services industry for the past 12 years. She is responsible for managing Paladin\u2019s Registry website for investors who use the services of financial advisors. The Registry provides free educational content about advisors and a match service that connects investors to vetted financial advisors who meet Paladin's requirements for being profiled in the Registry. Lauren\u00a0graduated from California State University, Sacramento with a BS degree in Accounting and is a licensed CPA.","url":"https:\/\/www.paladinregistry.com\/blog\/author\/lauren-aimes\/"}]}},"_links":{"self":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts\/9239"}],"collection":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/users\/105"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/comments?post=9239"}],"version-history":[{"count":1,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts\/9239\/revisions"}],"predecessor-version":[{"id":9241,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts\/9239\/revisions\/9241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/media\/9240"}],"wp:attachment":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/media?parent=9239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/categories?post=9239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/tags?post=9239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}