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Gathering Assets Isn't Advising

Don McDonald

Investors need to understand the underlying motivations of their financial "experts." Are they true professional advisors or are they salespeople (or asset gatherers). The VAST majority of those who hold themselves out as financial "advisors" are really financial "asset gatherers." This is particularly true of "Main Street's Advisor," Edward Jones as explained in this 2012 article from the Motley Fool.

Read the Motley Fool Article