Comments on: The limitation of relying on advisor designations http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/ Everything to do with thickening your wallet by entrepreneur turned President of an Investment Company Wed, 17 Mar 2010 13:21:25 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Michael - The Fat Loss Authority http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/comment-page-1/#comment-19386 Michael - The Fat Loss Authority Sun, 30 Aug 2009 02:42:06 +0000 http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/#comment-19386 This type of information makes me think about index investing more. Good list for people looking to go this route. Mike This type of information makes me think about index investing more. Good list for people looking to go this route.

Mike

]]> By: A Week in Review: Edition #13 - My Money Tree Is Back | My Findependence Day http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/comment-page-1/#comment-19384 A Week in Review: Edition #13 - My Money Tree Is Back | My Findependence Day Fri, 28 Aug 2009 14:38:31 +0000 http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/#comment-19384 [...] Thicken My Wallet points that it should look at more then some simple credentials when choosing a financial advisor [...] [...] Thicken My Wallet points that it should look at more then some simple credentials when choosing a financial advisor [...]

]]> By: admin http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/comment-page-1/#comment-19383 admin Fri, 28 Aug 2009 13:30:17 +0000 http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/#comment-19383 Larry- the one thing to remember that a complaint is anything from "my lawyer was rude to me" to "she's not returning my calls and my house is closing in two days" to"I think my lawyer is stealing from the trust accounts." As a sheer number its quite high but remember there are over 20,000 lawyers in private practice in Ontario. Larry- the one thing to remember that a complaint is anything from “my lawyer was rude to me” to “she’s not returning my calls and my house is closing in two days” to”I think my lawyer is stealing from the trust accounts.” As a sheer number its quite high but remember there are over 20,000 lawyers in private practice in Ontario.

]]> By: Weekend Reading – August 28, 2009 | Financial Freedom http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/comment-page-1/#comment-19382 Weekend Reading – August 28, 2009 | Financial Freedom Fri, 28 Aug 2009 11:06:07 +0000 http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/#comment-19382 [...] Thicken My Wallet overviews The limitation of relying on advisor designations. [...] [...] Thicken My Wallet overviews The limitation of relying on advisor designations. [...]

]]> By: larry macdonald http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/comment-page-1/#comment-19379 larry macdonald Fri, 28 Aug 2009 02:47:32 +0000 http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/#comment-19379 "... the Law Society of Upper Canada gets upwards of 100 complaints a day ...," Wow, that's pretty high. “… the Law Society of Upper Canada gets upwards of 100 complaints a day …,” Wow, that’s pretty high.

]]> By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/comment-page-1/#comment-19378 A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com Fri, 28 Aug 2009 01:44:31 +0000 http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/#comment-19378 [...] My Wallet discusses the limits of advisor designations in helping find a truly good advisor. Note, he recommends that you “taste test” your potential advisor. Sounds [...] [...] My Wallet discusses the limits of advisor designations in helping find a truly good advisor. Note, he recommends that you “taste test” your potential advisor. Sounds [...]

]]> By: Riscario Insider http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/comment-page-1/#comment-19376 Riscario Insider Thu, 27 Aug 2009 21:54:52 +0000 http://www.thickenmywallet.com/blog/wp/2009/08/27/the-limitation-of-relying-on-advisor-designations/#comment-19376 Great points. Designations are certainly not enough. Some professions mandate designations(doctor, lawyer, engineer). In contrast, nearly anyone can call themselves a financial advisor --- even without any designations. Who understands what a cryptic designation means anyway? Prospects may pay more attention to a title. "President" or "partner" may sound impressive, but in a small business that same person may take out the garbage, make the coffee and order the office supplies. Self-regulation has flaws. There are conflicts when the members vote on the rules. A reformer will have difficulty getting elected to run their organization. There's reluctance to change unless forced. And then to change only enough to make the heat go away. Buyers must beware. Your list helps in picking the right advisor. Great points.

Designations are certainly not enough. Some professions mandate designations(doctor, lawyer, engineer). In contrast, nearly anyone can call themselves a financial advisor — even without any designations. Who understands what a cryptic designation means anyway? Prospects may pay more attention to a title. “President” or “partner” may sound impressive, but in a small business that same person may take out the garbage, make the coffee and order the office supplies.

Self-regulation has flaws. There are conflicts when the members vote on the rules. A reformer will have difficulty getting elected to run their organization. There’s reluctance to change unless forced. And then to change only enough to make the heat go away.

Buyers must beware. Your list helps in picking the right advisor.

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