Choosing an Investment Advisor

When Galileo trained his eyes on the heavens and found out that the earth revolved around the sun, this fact was considered heresy (according to the church), and punishable by being burned at the stake. I’m sure Galileo shook his head in disbelief that the truth was being suppressed…intentionally. This is how I felt when I emailed agents, planners, and investment advisors that I created a blog to talk about the truth concerning financial products & services. I had many financial planners email me back to say this was a great website, but I had a few email me back to condemn my actions, and made it clear that this blog would be a “deal killer” for their business activities. It is truly unbelievable that an agent could say this, when this website is designed to evaluate the truth behind financial products to help the public make the right decision concerning investment purchases (and thus help planners in the back end). It's interesting how agents interpret the truth...especially if commissions are involved.

I asked these agents; “Don’t you want to do what’s right for the client and get more referrals by doing what’s truly in the best interests of the client?” All I got in the reply was hate mail. Those emails made it clear to me I was on the right path, concerning this blogs direction to help the public not get burned by “wishy-washy” agents selling just for the sake of the all mighty commission check and not looking out for their clients best interests.   

There are agents and securities representatives who advertise to the public they are a financial planner or an investment advisor…but in reality they are nothing but “commission planners.” Commission planners will “hustle” any financial product as long as it pays a high commission. They are not evaluating the true pros & cons of the product or solution…but only looking out for their interests (I mean commission payout).

Financial planners or investment advisors evaluate financial products or solutions based on this simple question; “Is this product or solution truly in the best interests for my client (based on the specific planning variables for the case)?” Many “commission planners” will throw out the fact find for the case and specifically focus on the “liquid” assets that are transferable into a specific product (for the highest commission payout).

Ask yourself, did the financial planner or investment advisor create a solution for my wants & needs, which evaluated the highest possible yield relative to liquidity, safety, recovery of principal, and tax reduction? Did the financial planner or investment advisor focus on a single product, or did the financial planner or investment advisor solve for a diversified product solution to reduce risk? Did the financial planner or investment advisor solve the problem of liquidity incase you need to liquidate in an emergency? Did the financial planner or investment advisor create a solution to solve for income, yet solve for the recovery of the initial investment principal? If you found more no’s than yes’s to above questions, then you should move on to evaluate other financial planners or investment advisors that can solve these problems for you.

I know several high qualified planners, they do exist, and their honesty to seek out the truth (concerning financial products) shall be revealed in their advice...to truly benefit your interests (first and formost).

Sincerely,

John Bagwell

The Truth About Financial Products.com

www.thetruthaboutfinancialproducts.com