Conflicts of Interest Category

Wall Street is loaded with conflicts of interest. In fact, the foundation of the industry is based on a major conflict of interest. That is, companies and advisors make more money doing what’s best for them versus what’s best for you. This conflicts explains greedy executives, bad financial advice, and bad investment products. All too often you hear what makes them the most money.

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) | July 20, 2009 | Conflicts of Interest

Wall Street makes more money when investors do not know much about investing or its products. That lack of knowledge makes you dependent on financial advisors and easy prey for less ethical sales representatives who sell lower quality products with high expense ratios.
What you need is complete transparency from Wall Street that starts with the person who [...]

By: Matthew Arndt, CFA, CPA, CFP | July 10, 2009 | Conflicts of Interest, Deceptive Sales Practices, Illegal Schemes & Scams

Ameriprise’s agreement to pay $17.3 million to settle charges that it received millions of dollars in undisclosed “incentive” payments to sell certain REITs to its brokerage customers is an example of how potent enticements like large sales commissions can lead to deplorable acts that harm investors. Ameriprise received about $30.8 million in payments related 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 (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 17, 2009 | Annuities, Conflicts of Interest

If your advisor is accepting commissions, guess who is paying him? Not you.  He is being paid by the company that is providing the product he is selling. This is a serious conflict of interest in the very least; it creates a situation where your best interest is not the same as your adviser’s best [...]

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 11, 2009 | Bad Financial Advice, Conflicts of Interest, Financial Advisors, Financial Planners

To avoid unnecssary portfolio churning when changing Advisors, perhaps only a change of Broker form or other document is all that is really necessary.

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 9, 2009 | Conflicts of Interest, Financial Advisors, Financial Planners, Investment Performance

Carefully examine the motives, expected results and the reasons why anyone is suggesting or endorsing it.