Do expensive commissioned-based advisors actually believe they are helping clients? Or are they oppo...

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Do expensive commissioned-based advisors actually believe they are helping clients? Or are they opportunistic? Something else?

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I just don’t get it.

You get a BA in Finance and get a job at EJ or a firm like that. You HAVE to know that taking 1-2% of a portfolio per year leads to potentially HUNDREDS OF THOUSANDS of dollars in wasted fees. This is not to mention high cost funds that eat into returns.

How do you work for a place like that? I am actually curious. Are they delusional? Are they opportunistic? Am I missing something?

I am NOT talking about hourly advisors that you would pay for tax planning and such. I am talking about the salesman type.

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NotCanadian80

They are parasites and they know it if they are smart.

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Waltgrace83

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