We are NOT financial planners or advisers.  And that is a good thing!  Financial planners and advisers are not fiduciaries, or in other words, if you hire them, they have no legal obligation to do what is in your best interest.  Rather, they can legally serve their interests first!  We don’t want to throw each and every planner/adviser under the bus because good planners/advisers are out there, and they certainly have their place.

We, however, are not a good or bad planner/adviser, rather we are working stiffs who like personal finance.  So, if someone you pay to help you with your financial life doesn’t legally have to do what is in your best interest, why would you think some random dawgs on the interwebz would be legally bound?  But, proceed with caution, your on you’re (wait, flip that) own, Caveat Emptor!

Also, this blüg is a public service.  We don’t make money from any of the links found within.  If we make any recommendations for products it is because we think they are the best.  We also think we are the best, and it just isn’t always true.


3 Responses to “Legalese”

  1. 1 JKBman
    March 13, 2012 at 7:26 pm

    Well, actually advisors who work under a Refistered Investment Advisor and regulated by the SEC as well as Certified Financial Planners are in fact held to a fiduciary standard and therefore are required to act in the clients best interest. brokers and those simply registered by FINRA do not.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: