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URL:  http://boards.fool.com/maybe-i-should-call-and-ask-for-a-different-30871565.aspx

Subject:  Re: Bonds. Lotsa Bonds. Date:  9/15/2013  3:43 PM
Author:  Rayvt Number:  72866 of 76384

Maybe I should call and ask for a different adviser, someone a bit more experienced.

Why? You are going to get the same answer.

It's called the agency problem

It's been written about quite a bit, that for an advisor his risk is making recommendations that stray too far from the herd. If he sticks with the recommendation that everyone else is making, then if he fails he says "Everybody got it wrong, so it's not my fault."

OTOH, if he recommends something completely different and it fails, then he gets fired.

In either case, if his recommendation is a winner, he is told, "Of course, that's what we are paying you for. No bonus for you, because all you did is what we paid you for."

Nobody cares about your money and your portfolio's performance but you. To everybody else, you are just a (small) chunk of assets they'd like to put under management and collect a fee from.
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