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Author: TheBadger Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19218  
Subject: Re: CFP's Date: 2/27/2000 4:59 PM
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Are you saying then that commission based people then are doing their clients wrong because of the way they are paid, this whole commission and fee arguments is all a matter of semantics I do not care how you get paid it makes no difference

Whenever the professional: accountant, insurance agent/broker (well, that's a stretch), doctor, financial planner, etc. sets him or herself out to the public and offers "free consultations" and the like attempting (and often suceeding) that he or she is providing "unbiased" & "on-the-money" professional advice on whatever is relevant; then YES, IT MATTERS A GREAT DEAL; because that professional; at a minimum is compromised by his desire to sell a product from his stable of products on which he will earn a commission versus truly giving the client the "unbiased" prfoessional counsel that they thought they were getting. A a maximum; that "professional" is a liar & a thief becuase he will frequently not disclose his motives for offering the advice he gives.

Case in point: Bob & Mary use their insurance agent for their financial plan. The agent says: 1. do your 401(k)'s at work; 2, Open up ROTH IRA's; & 3. Take all the rest of your money & start contributing to deferred annuities with my insurance company.

I'm sorry, but for 1 or 2 cases per 1000; that agent belongs in prison.

TheBadger
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