WSJ: Make the Most of Your First Meeting With a Financial Adviser

[Trying for a third time. Moderation filters keep catching this and
I'm trying to figure out what's tripping it up.]
Make the Most of Your First Meeting With a Financial Adviser
Wall Street Journal article published Monday, November 5, 2012:

A really helpful article discussing what folks may expect at a first
> meeting with a financial adviser.
>
> Unfortunately, the article doesn't shed very much light on some
> essential issues - the differences between a Registered Investment
> Adviser and a representative of a Broker/Dealer, for example.
>
> And while it mentions conflicts of interest in the context of folks who
> sell products and get commissions, it does gloss over the issue a bit. 
> (For example, a fee-only planner/adviser who provides financial
> planning as part of an assets-under-management agreement still has a
> conflict of interest - it's in his interest to maximize the assets
> under his management.  And an hourly planner has a conflict - it's in
> his interest to bill for more hours.)  As someone once pointed out to
> me, any time money changes hands, there's a conflict of interest.  The
> best you can do is make it exceedingly clear exactly when money is
> changing hand and what it's paying for - which may be the bigger
> problem with commission-based services.)
>
> Nevertheless, it's a great article and highly recommended.
> ---
> The above is from a blog post I wrote about this WSJ article. In my
> blog post, I go into more detail about how my shop does initial
> meetings, and if folks would like to read it, I'd be quite pleased, but
> I want to make clear that I'm posting this here to
> misc.invest.financial-plan mainly to let folks know about the article,
> not about my own business. The link below is to my blog post.
>
>

>
>
Reply to
David S Meyers CFP

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