Ugh. This should be in the vent.
Who else has the hardest time attempting to educate people about financial sales people vs. fee-based fiduciary financial planners? Everyone thinks they have a "financial adviser" or a "financial planer" but in reality, most people have financial sales people.
Person A: "Oh, my financial planner at the bank put us into this great private pension annuity. It's the best!"
Person B: "Annuity? That's an insurance policy, that's not a pension. My financial adviser at Merrill Lynch has me in the best stocks, bonds and funds, and I never have to pay any fees or commissions!"
Me:
And if you try to educate person A or person B, they get defensive and downright hostile. "Oh, Suzy is not a sales person, she is so nice, and always wants to help, and they are very honest down there".
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