Posts Tagged Financial Planners
Financial Planning Assembly Line A Disservice
Posted by Harley in Financial Education on July 24, 2009
The only possible way for a financial professional to make a lot of money serving the middle class is to have a cookie cutter assembly line where only a few minutes can be spent with a customer who buys into their system. In the end, it’s highly questionable if anyone’s goals, objectives and dreams can be accomplished under this approach as it only results in the financial professional being the one who makes the money.
Financial Planners Not Much Help for The Middle Class
Posted by Harley in Financial Education on July 13, 2009
The sad facts supporting the imploding middle class is that over the last three decades, most every stock broker, financial planner and advisor, could not afford to work with the middle class because they were so overburdened with debt and had no money with which to invest for the future or buy the life insurance they needed for family protection purposes. Consequently, the financial professionals spent their time competing against one another for a share of the high income, high net worth market (less than 5% of the population) because that’s where the money is.
US MARKET NEWS:- UPDATE - Tyco International profit beats forecasts (at Reuters)
- Wall St futures point to higher open as data eyed (Reuters)
- Stocks struggle to hold gains after Fed caution (at Financial Times)
- Stocks set for early gains as investors await more earnings (at CNNMoney.com)
- Wall St futures point to higher open; data eyed (at Reuters)
