Quote:
Originally Posted by lookout123
We're talking about the brokers. a.k.a. financial planners, advisors, shiny shoe whores. Brokers gather client assets, build financial plans, and invest according to those plans. ~snip
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OK, thanks.
Myself, being part of the "you wouldn't understand" group, hears "broker" and thinks the guy that's licensed to buy and sell stocks or commodities for clients. Hollywood tells me they do call clients on their list and offer information (hot tips) on what appears to be opportunities; 1-out of the goodness of their hearts or 2-more trades equals more commissions.
I thought financial planners/advisers (third option intentionally omitted), were the ones that look at the whole financial position of their clients and recommend strategies to make their money grow safely. That might include a number of financial instruments other than just stocks and commodities the "brokers" sell.
Apparently Hollywood lied to me.
