A Potential Conflict of Interest with your Financial Advisor
Posted by Gary S. Williams, CFP®, CRPC®, AIF® on Wed, 09/14/2016 - 17:10
I have been managing investments for over twenty years and, during this period, I have met with many prospective clients. It is during these initial meetings that I review investment statements and other financial documents to determine if I can be of assistance. As an independent advisor, there is one specific situation that I believe deserves attention since it is a potential conflict-of-interest when acting in a fiduciary capacity. The situation looks like this:
Posted by Gary S. Williams, CFP®, CRPC®, AIF® and Nicholas A. Ibello, CFP®, AIF® on Thu, 09/08/2016 - 10:39
Remember playing Monopoly with your kids or as a kid? It’s a game of strategy and most of us choose one of two ways to go. The first way is to spend most of our cash on a high-end property like Park Place or Boardwalk in the hopes that we will score a big profit when the other players land there. The other strategy is to purchase a combination of high-rent and low-rent properties to spread out our investments.