No. of Recommendations: 2
Its really hard for some people to disassociate business and relationships. I've tried to politely tell some people they are better off with an index fund or researching stuff online but they usually say he is a good guy and a family friend. (I never push it since it isn't my money and people often have to learn the hardway.)

Not sure why that should matter. And when you are giving away 1% and often much more every year, a lot of people become friendly.

Over at Bogleheads there was a thread where a guy went home to visit his 80+ yr old mother and found out a rep from a big name FA service (I'll leave out the name here) had moved into the neighborhood and was visiting everyone on the guise of being a friendly neighbor. It seems like it wasn't just interested in friends but instead getting people to invest with him including this guy's mother. Fortunately she hadn't gone too far yet.

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