Financial advisors traditionally serve the wealthier among us, who are historically more proactive with their money, because they have more of it. But these industry professionals can be a good idea for anyone looking to make smarter financial decisions, and can benefit people across the income spectrum. But only if you hire the right ones.
As with any profession, there are financial advisors who are only in it for themselves, and could end up costing you. Liz Frazier Peck, writing for Forbes.com, has listed 11 warning signs to help us spot those bad actors. One common red flag – they don’t listen to you. If they talk a big game, but never take the time to get to know you personally, it’s time to move on.
For more financial advisor warning signs, click here.