25 Jun 2025 9:10 am
You miss the point entirely. I have heard countless advisors give their obligatory, learned-it-from-their-liability-lawyers, speech on risk. What I want to know is what can they do that any other advisor who has access to Morgan Stanley, Chase, Wells, Ameriprise, Merrill, or some other Quack-In-The-Box back-office "team" can't do? That's what people really want to know, right?Blackvegetable » 25 Jun 2025, 9:02 am » wrote: ↑ No...not always...
If your prospective advisor can't provide 3 coherent definitions, and speak intelligently about them, then change the subject to crafts.
If an "Advisor" (stock picker) starts out by explaining "risk", that tells me that he's as green and inexperienced as a wet turnip, probably got his daddy to fund buying out some old-man broker's book of business.