By: Daniel ChencloseAuthor: Daniel Chen Name: Daniel Chen
Member: Member Paladin
Quality Rating:
Email: dcstrategies@yahoo.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1893
About: Dan's specialty is delivered by his Wealth Management Practice with a core competency in Fianancial Planning. The ability to deliver services for a fee eliminates the potential conflicts of interest created by the commission only type of aproach. He maintaines his office in Ocean N.J. however serves a clientel base from coast to coast. Dan believes that the basis for a great life is planning for it. Dan offers a no obligation meeting to decide if his services are appropriate for your needs.See Authors Posts (12) | February 23, 2011

This financial advisory firm claimed it could help you avoid taxes and shift your debts to the U.S. government. It was a scam. Read about it here:

http://www.nj.com/news/index.ssf/2010/07/eight_charged_in_new_jersey_wi.html

By: Daniel ChencloseAuthor: Daniel Chen Name: Daniel Chen
Member: Member Paladin
Quality Rating:
Email: dcstrategies@yahoo.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1893
About: Dan's specialty is delivered by his Wealth Management Practice with a core competency in Fianancial Planning. The ability to deliver services for a fee eliminates the potential conflicts of interest created by the commission only type of aproach. He maintaines his office in Ocean N.J. however serves a clientel base from coast to coast. Dan believes that the basis for a great life is planning for it. Dan offers a no obligation meeting to decide if his services are appropriate for your needs.See Authors Posts (12) | February 17, 2011

How does an advisor deliver accountability when they are dealing with a element [Markets] that are uncontrolable and unpredictable? Sure it’s difficult , but not impossible. When anyone aquires any type of service, they want the other party to deliver some form of accountability for the services/products delivered. The financial services industry should be no different. The excuse used is always the same-” I cannot control the markets”, “markets go up and they go down”.

Although these are true statements, financial advisor’s need to go to the next level and at the very least deliver accountability in the advice they provide by reporting on the ongoing status and performance of the investments they recommend. Advisors need to help clients understand why thier investments do what they do when markets are up, down, or sideways. The problem lies in the in the fact that most so called advisors do not have a clue as to why thier recommened portfolios do what they do and performing the way they are performing in any market condition.

How about providing performance statements for any account, anytime? How about being able to show a client what he has invested , what has been added, and exactly where he/she is at today. The industry , promoted mostly by the large brokerage houses hide behind the fact that they do not need to provide this. They say that all they neeed to provide is the monthly custodial statements. I am sure evryone out there agrees that these statmenst can be very confusing at best and does not provide the bottome line information that most investors want[ what have I contributed and what is my performance as of today?.

The industry needs to do a better job. So next time you talk to your advisor, ask him/her, “How are you providing accountability for the advice you have provided to me and my family?”. If you don’t like the answer, then start interviewing.

By: Daniel ChencloseAuthor: Daniel Chen Name: Daniel Chen
Member: Member Paladin
Quality Rating:
Email: dcstrategies@yahoo.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1893
About: Dan's specialty is delivered by his Wealth Management Practice with a core competency in Fianancial Planning. The ability to deliver services for a fee eliminates the potential conflicts of interest created by the commission only type of aproach. He maintaines his office in Ocean N.J. however serves a clientel base from coast to coast. Dan believes that the basis for a great life is planning for it. Dan offers a no obligation meeting to decide if his services are appropriate for your needs.See Authors Posts (12) | March 5, 2010

I found this artcle to be very interesting. In order for Morgan Stanley to continue perpetuating thier practice of serving clients while maintainng thier army of brokers they have taken the following action. Even though brokers are looking to serve thier clients in a different fashion, MS will take action to not lose the revenue at all cost. Read this and enjoy.
“>http://www.fa-mag.com/fa-news/5234-morgan-stanley-sends-message-with-broker-suit.html

By: Daniel ChencloseAuthor: Daniel Chen Name: Daniel Chen
Member: Member Paladin
Quality Rating:
Email: dcstrategies@yahoo.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1893
About: Dan's specialty is delivered by his Wealth Management Practice with a core competency in Fianancial Planning. The ability to deliver services for a fee eliminates the potential conflicts of interest created by the commission only type of aproach. He maintaines his office in Ocean N.J. however serves a clientel base from coast to coast. Dan believes that the basis for a great life is planning for it. Dan offers a no obligation meeting to decide if his services are appropriate for your needs.See Authors Posts (12) | February 19, 2010

This type of action continues to show all of us that the responsibility of qualifying a competent and trusted Advisor to work with still resides with the individual. The investor needs to educate themselves on how to decide on what type of advisor to work with. Investors need to ask questions, review certifications, review investment philosphies and more. Investors need to advocate for themselves today more then ever as demonstrated in this article. These type of criminals believe that if you work for a big brand name that is supposedly trusted, then no one will ever ask questions that may uncover thier fraudulant activities.
Copy and paste to a new browser;
Enjoy!!!

http://www.app.com/article/20100218/NEWS/100218072/1401/Former-financial-adviser-admits-scamming-investors-out-of-more-than-685-000

By: Daniel ChencloseAuthor: Daniel Chen Name: Daniel Chen
Member: Member Paladin
Quality Rating:
Email: dcstrategies@yahoo.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1893
About: Dan's specialty is delivered by his Wealth Management Practice with a core competency in Fianancial Planning. The ability to deliver services for a fee eliminates the potential conflicts of interest created by the commission only type of aproach. He maintaines his office in Ocean N.J. however serves a clientel base from coast to coast. Dan believes that the basis for a great life is planning for it. Dan offers a no obligation meeting to decide if his services are appropriate for your needs.See Authors Posts (12) | December 20, 2009

“About.com” is a website that advocates for consumers through education to assist them in solving all types of problems. The article that is referenced by the link below does a great job in clarifying the difference in two types of Investment Advisors. It also references ” Paladin Registry” as a good resource. Enjoy.

http://moneyover55.about.com/od/findingqualifiedadvisors/a/costofbadadvice.htm

By: Daniel ChencloseAuthor: Daniel Chen Name: Daniel Chen
Member: Member Paladin
Quality Rating:
Email: dcstrategies@yahoo.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1893
About: Dan's specialty is delivered by his Wealth Management Practice with a core competency in Fianancial Planning. The ability to deliver services for a fee eliminates the potential conflicts of interest created by the commission only type of aproach. He maintaines his office in Ocean N.J. however serves a clientel base from coast to coast. Dan believes that the basis for a great life is planning for it. Dan offers a no obligation meeting to decide if his services are appropriate for your needs.See Authors Posts (12) | November 18, 2009

There continues to be growing evidence that as the recession continues, more fraudulant activity will become increasingly evident. Scam and schemes will not be sustainable as the economic infrastructure continues to feel pressure. The following link to the most recent article is only one of many to come. http://bit.ly/Q3iE8

My advice to all individual investors continue to be ” if it’s too good to be true, it probably IS.”