Wall Street is a marketing powerhouse. It knows how to manipulate investors for its own benefit. No matter how smart and sophisticated you think you are, all of those PhDs on Wall Street are smarter.
One popular Wall Street tactic is to blur differences to benefit itself. For example, can you tell me the difference between investment “advice” and investment “recommendations”? Would you believe there is a huge difference?
Investment advisors who are Registered Investment Advisors or Investment Advisor Representatives can provide financial “advice”. Stockbrokers, who hold Series 6 and 7 licenses, are not allowed to provide investment advice. They are limited to making investment “recommendations”.
If you want a real advisor you have to select a professional who is a Registered Investment Advisor or an Investment Advisor Representative.