Why You Must Not Count On Financial Advisors
This month I received a fax from one of my customers requesting that I liquidate his IRA to ensure that the funds could be invested in a guaranteed annuity item. In the letter, the client specified he understood that market-driven investments have greater possibility for growth however the annuity would provide him a guaranteed return. He additionally stated that he didn't desire more discussion on the matter, that he recognized the benefits and drawbacks of the annuity, and that he did not wish to be called even more. Upon receipt of his directions, I immediately liquidated his investments and also sent him a brief email mentioning that his funds prepared to be moved. At this factor, it came to be apparent that the financial consultant that was selling the annuity to the customer had created the letter I had actually gotten, and that the interaction didn't represent the dreams of the client. My idea is that the consultant had painted an unrealistically favorable analysis o
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