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Conversation with a Fee-Only Fiduciary

Conversation with a Fee-Only Fiduciary

Posted by Steve Schullo, PhD on May 24, 2016

The blog post will go help you recognise on-the-spot a fee-only fiduciary financial adviser. It is my vision of what a conversation might look like between a client and an adviser who genuinely looks out for your best interests. If you read this blog post you will be doing yourself a great favor and reducing your anxiety about your success of finding a financial adviser that is genuinely helpful, knowledgeable, a good listener and is competent and confident enough to teach clients to feel confident in their decisions.

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Book Review: Trusting Financial Advisers

Book Review: Trusting Financial Advisers

Posted by Steve Schullo, PhD on May 23, 2016

Here we go again. That five letter word T-R-U-S-T leads directly to our emotions. Who can we trust with our investments? How do we know that a fee-only financial adviser is trustworthy? In my previous blog post (Trust and Investing), John Bogle wrote that the only thing you can trust is that the economies of the entire planet will grow over time. As a do-it-yourself investor, you can eliminate trusting an adviser. I thought I will take up this topic again through a book review because many of you want help, and there are trustworthy fee-only advisers. This book might provide clues by the language which reflect trust that these advisers use.

According to the authors, you are not the only one who might not trust an adviser again. Most Americans are still reeling over the 2008 stock market crash. Because of 2008, trusting a financial adviser and the industry has radically changed according to the authors. They wrote: “The roots of negative selling run deep. It has a long history of success. But our culture has changed, and negative selling is no longer consistent with who we are as consumers…Yet salespeople still often find themselves in that gray area between creating fear and illustrating a need-which in turn costs them sales.”

While the book’s primary audience is for the financial professional, read my review on what I think the industry should do to address the trust problem.

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Steve’s Investment Seminar Comments

Steve’s Investment Seminar Comments

Posted by Steve Schullo, PhD on May 8, 2016

Additional workshop results from retired participations at one of the country’s biggest senior centers, Mizell, located in American’s premier retirement destinations, Palm Springs CA. I was asked by my friend Dave to give my presentation that Dan and I had given in the last 3.5 years.

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