In a recent article found in the Huffington Post, author Dan Solin breaks down the difference and importance between sound financial advice and financial advice geared toward putting money into a company’s bank account. When a person is paying a financial agent to manage their stocks, retirement funds or any other financial product, the person pays for the expert’s sound advice. Unfortunately, some brokers and companies are only concerned with pushing products that make them the most money, regardless of what is best for an individual.
There are many advisor’s and companies that specialize in marketing and selling products designed to grow investment cash. Likewise, many of those products are designed to make the company selling the products richer and not the person buying it. Additionally, the media spin on products and investment companies can lead investors into the wrong direction.
Dan Solin acknowledges the pitfalls investors can become overwhelmed with. He recommends certain journalists that look out for the good of individuals and not the large corporations only interested in making a sale.
Solin feels that it is imperative journalists and the media are held to higher standards of reporting financial information and advice. Picking stocks can be overwhelming and difficult, at best, as well as “unreliable”. Finding the right financial advisor is key to protecting and growing any kind of investment monies.
LAIDLAW & COMPANY
Laidlaw has been giving sound financial advice to their clients since 1842. They have offices in both the U.S.A. and in Europe. Unfortunately for the company, principals James Ahern and Matthew Eitner have come under fire for “misleading” and “dissemination of false” statements to the Relmada Therapeutics, Inc. company.
Clearly, the fact they they have done that to a corporation, chances are pretty high they would do it to an individual as well. It should be noted that you should do a little research before choosing an adviser.