No. of Recommendations: 9
Our experience with FAs is that they are great salesmen, but typically don't know all that much about investing, other than the package they are told to assign you. I think our FA learned more about investing from me than we did from him, yet there were constant articles about him in USA TODAY, about how great he was. It was to the point that I assumed these were paid for ads.
The poor guy literally wailed "People don't leave me!" when we told him his services were no longer needed. The best thing his fee did was convince DH that I knew what I was doing, even without an alphabet soup of qualifications after my name. I have to thank TMF for that.
IP
