January 3rd, 2008
Who Is To Blame? Investor Or Financial Advisor?
When financial plans fail to achieve the financial objectives aimed at, there is normally a lot of blame-laying. Indeed some advisors even get fired along the way. But let us be brutally honest with each other. Who is to blame? The investor or the financial advisor?
It is very difficult to answer this question due to the complexity of the financial planning process. I feel strongly that a general answer will be invalid, and that it is sensible to take each individual case in isolation, as a result of disparity in circumstances.