Wednesday, March 17, 2010

Fortune article: relationship between client & planner

I came across this article from Fortune magazine.  I encourage you to read it for yourself.  Here is the link:
fortune

The most important thing I read was the last two paragraphs, "Finally, the yes-man problem can't just be pinned on advisers. A 2007 survey from the Employee Benefit Research Institute found that two-thirds of the people interested in meeting with a financial planner were likely to implement advice only if it conformed to their own ideas.
So if you want to improve the input you get, perhaps the first step is to look for someone who challenges your ideas, rather than echoing them."

Something to think about.....

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