Do Financial Advisers Really Serve Their Purpose?

Are financial advisers truly working on behalf of their investors?

It appears that they are doing what they have always done in the past; perhaps satisfactory only within certain standards and reasoning.

Some are still resorting to alternative investments, which are being designed to offset weakness in stocks and bonds. These investments are suggested for clients in the form of currency trading, commodity futures and private partnerships.

However, not only are these type securities volatile, they are expensive; though fine for the advisers.

Larger accounts are getting the use of math models, which don’t always work, and so-called structured products, which gets back to the potential 2008-2009 financial meltdown problems.

When big fees are involved, many financial advisers still employ business as usual. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)