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: 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: 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) | June 8, 2009 | Bad Financial Advice, Financial Advisors, Financial Planners

Did you know financial advisors want investors to like them for two primary reasons?
First, when people like advisors they also trust them and let their guards down. If that person happens to be a less than ethical financial advisor, a door opens that makes it easier for them to sell bad advice and products that maximize their incomes.
Second, investors are more tolerant of bad results when they like their [...]

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) | June 8, 2009 | Bad Financial Advice, Financial Advisors, Illegal Schemes & Scams, Investment Performance

The Securities and Exchange Commission obtained an emergency court order to freeze the assets of a former financial professor at Texas A&M and a Houston attorney who was also a CPA.
The SEC charged Robert Watson, the professor, and Daniel Petroski, the attorney, with "raising" $19 million from investors who were told they could earn annual returns of [...]

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) | June 5, 2009 | Bad Financial Advice, Financial Advisors, Report Fraud

A recent visitor to the Watchdog blog site reported a fraudulent way an investment advisory firm ripped her off for decades simply because she was too trusting.
Cathy and her former husband used the services of this firm for 25 years and she continued to use them for 12 years after her divorce. After all this time, Cathy decided to [...]

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) | June 3, 2009 | Bad Financial Advice

 Very Popular Sales Practice Results in Bad Advice at the Cost of the Clients interest!
When you meet with an Advisor, Broker, Financial Consultant, Investment Representative or however someone describes themselves, buyer beware!!
How some brokers hide bad advice!
The true intentions of a lot of these individuals is SALES, pure and simple!! In this brief article I am [...]