Seeking Alpha

Retirement Advisor: What They Don't Teach In Advisor School (Podcast)

by: SA For FAs
Summary

A very nice new retiree who asked my advice on what to do with his nest egg yelled at me - twice! - when I offered him my thoughts.

His raising his voice raises the point that advisors who simply turn on the advice spigot without truly understanding the client’s perspective cannot be of help.

Investing is not some sort of Aristotelian system that one derives from pure reason.

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Investing is not some sort of Aristotelian system that one derives from pure reason.

This brief podcast (4:27) illustrates that an advisor can’t make the client’s money work hard for him unless he truly understands how hard the client worked for the money.