By: Daniel ChencloseAuthor: Daniel Chen Name: Daniel Chen
Member: Member Paladin
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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 going to share with you two key indicators of when one of these individuals are actually trying to sell you a PRODUCT as opposed to ADVISING you on which solution makes the best sense for your situation. The fact of the matter is simply this. It is much more time consuming, complicated and requires a level of due diligence to fully understand and apply various financial solutions for different needs versus the single exercise of understanding one product and selling it’s benefits and track record as a all in one solution for anyone. 

First Red Flag indicator of Bad Advice “GREED”;

A discussion framed around the points of how well a product has done over time, it’s safety, low risk but always produces a high return. This approach attempts to trigger your greed for profits with virtually no risk. If it’s too good to be true it probably is! 

Second Red Flag Indicator of Bad Advice “ FEAR”;

A discussion framed around the fear that you will not achieve your goals unless you invest with me and the products I have available. I have access to these products and if you do not act soon you will fall further behind in your quest to achieve your important goals of a comfortable retirement, college funding or other financial needs. 

Do yourself a favor and be on the lookout for these signs bad advice. You may want to consider a fee only planner to ascertain your situation before you consider reallocating your assets.