Bad Financial Advice Category

Your biggest financial risk is not the stock market. It is bad advice when you invest in the stock market. Bad advice causes you earn less in rising markets and lose more in falling markets.

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 (10) | February 19, 2010 | Bad Financial Advice, Report Fraud

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 [...]

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (87) | December 7, 2009 | Bad Financial Advice, Bad Products & Services

You have read hundreds of stories describing Ponzi schemes and other illegal investment scams. But, investor losses from those scams are a drop in the bucket compared to legal investment scams.
Legal scams are perpetrated by unscrupulous, licensed advisors who deliberately sell bad investment products that benefit them or their companies. An example of a bad [...]

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 (10) | July 9, 2009 | Bad Financial Advice, Conflicts of Interest, Deceptive Sales Practices, Investor Information

I recently attended a continuing education seminar for insurance and securities licensed representatives and happen to be sitting at a table with a group of insurance salesman turned investment advisor. During the CE session as well as lunch, a group of them from the same office happen to talk about their latest and very successful [...]

By: Matthew Arndt, CFA, CPA, CFP | June 25, 2009 | Bad Financial Advice, Investor Information, Who Can I Trust?

Allan Roth, author of How a Second Grader Beats Wall Street, is the proud owner of Max Tailwager, a dachshund puppy and a 2009 recipient of the America’s Top Financial Planners award bestowed by the Consumers’ Research Council of America.
Roth received a letter in the mail from SLD Industries, informing him that he was named [...]

By: Matthew Arndt, CFA, CPA, CFP | June 22, 2009 | Bad Financial Advice, Who Can I Trust?

As a consequence of the recent financial turmoil, many investors have lost untold sums and are considering shifting assets away from advisers they perceive to be incompetent and negligent.  Knowing this, some advisers are resorting to disgraceful scare tactics to hang onto their clients.  Detailed in Brokers Using Scare Tactics To Badmouth Advisor, brokers afraid [...]

By: Amy HerrickcloseAuthor: Amy Herrick Name: Amy Herrick
Member: Member Paladin
Quality Rating:
Email: rher86@aol.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1258
About: I have been in the financial services industry for over 23 years achieving the Chartered Financial Consultant (ChFC) and Investment Advisor Representative (IAR) designations. For the benefit of my clients, I am a licensed Life, Health, Critical Illness, Long Term Care and Disability Insurance Agent in multiple states. I believe in giving back to the community supporting ministries of the Light of The World Christian Center, Couple to Couple League, The Helping Hands of Goodwill Industries and other non-profit organizations on a local or global level Compliance Disclosure: Amy Rose Herrick, ChFC, Investment Adviser Representative is a Registered Representative of and offers Securities and Investment Advisory Services through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser branch office 4536 SE 37th Street Topeka, KS 66605-9141 785-379-0586See Authors Posts (18) | June 18, 2009 | Bad Financial Advice, Illegal Schemes & Scams

One of the risks of pre-paying for services needed at the time of death you may not consider: embezzlement and fraudulent use of your deposited funds.