I subscribe to a daily email list called Help a Reporter Out. Essentially, reporters write in with stories they’re working on, and experts/bloggers/whoever else can email them to provide information.
Today, a particularly noteworthy request arrived:
“In a time when some clients are blaming their financial advisors for their terrible portfolios, I’m looking for someone who is trying to repair that relationship and restore trust, perhaps even through counseling.”
Seriously? Counseling?! If you’re not only paying a financial planner, but paying a psychiatrist to help you deal with that planner, then let me make this clear: You’re paying too much for financial advice.
Just take your money, put it in a target retirement fund, and stop worrying about it.
[Note: My intent here is not to discredit either psychiatrists or financial planners, but rather to say that the use of one should not necessitate the use of the other.]
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