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If you notice any of the signs mentioned here or anything else that’s troubling, don’t be afraid to look elsewhere for your financial planning advice.Ĭameron Huddleston contributed to the reporting for this article. Free to sign up - try it every day for a few days, see if DayViewer online planner works for you. Overview Calendar Shopping Lists To Do Lists Recipes & Meal Planner. So it makes sense that you should be comfortable with the advisor you are working with. Story and Mission Careers Advertising Opportunities. You hire a financial advisor to gain expert advice related to your financial needs and goals and help guide you to make the best decisions. “No matter who you are, if you’re not diversified not just among a basket of stocks but the appropriate amount of bonds, international stocks, small, mid and large-sized companies and cash … you’re not diversified enough.” Takeaway The problem is, they likely have a team of attorneys and forms you have to sign to protect themselves. “If your advisor recommends you concentrate your life savings in one stock, they’re rolling the dice with your financial future. “No one knows the future of any single investment, no matter how smart they are,” said Thiederman. If you haven’t heard it before, diversifying your investment portfolio is a wise move, while putting everything in one investment is usually not. Your Financial Planner Wants To Put Everything in One Investment
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