Frank Moore was quoted in the New York Times in October in an article titled, Red-Flag Time: Your Broker Offers a Can’t-Miss Sales Contest. The article discussed how it is difficult for consumers to determine whether or not to trust their financial advisor. Frank shared one of the recent cases we’ve seen where brokers sell their clients investment products like annuities or untraded Real Estate Investment Trusts that are expensive, often perform poorly, and sometimes make more more for the broker than the client.
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