How To Spot a BAD Financial Advisor #doctor #physicianfinance #financialeducation #financialadvisor

Talk about the kind of financial advisor you do not want. These are fee based advisors. They charge commissions and they charge fees and what happens is you can't tell which hat they have on at a given time. Are they wearing their salesperson hat, are they wearing their advisor hat and you can't tell. It all sounds like it's coming from the same person. And meanwhile you end up with crummy insurance products, you end up with crummy investments, you end up paying way too much in fees, you grow your wealth way too slowly and it's embarrassing. I'd be embarrassed to be an advisor like this. I don't know how you look yourself in the mirror at the end of the day knowing you're charging 2.5% AUM fees and putting people into loaded mutual funds with expense ratios of 1% or 2% and actually feel like you're doing people a favor. You're not. They're just ripping you off. So if you have an advisor like that fire them.