Financial advisers, also known as financial consultants as well as financial planners, retirement planners, or wealth advisors are in a peculiar position in the ranks of people who sell us.
With most other sellers, whether they are pushing cars, clothes, we understand that they're just doing a job and we accept that the more they sell to us, the more they should earn. But the proposition that financial advisers come with is unique. You can also contact the best financial advisor in Gloucester online.
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They claim, or at least intimate, that they can make our money grow by more than if we just shoved it into a long-term, high-interest bank account. If they couldn't suggest they could find higher returns than a bank account, then there would be no point in us using them.
Most financial advisers are not expert horticulturalists able to grow money nor are they alchemists who can transform our savings into gold. The only way they can earn a crust is by taking a bit of everything we, their clients, save.
Most financial advisers are just salespeople whose standard of living depends on how much of our money they can encourage us to put through their not always caring hands.
And whatever portion of our money they take for themselves to pay for things like their mortgages, pensions, cars, holidays, golf club fees, restaurant meals, and children's education must inevitably make us poorer.