There is a common error among the sellers of financial products. The stockbrokers, mutual fund advisors and insurance agents often promise results - the promise of success. This is foolhardy promise. None of us has a crystal ball. None of us can outplay, outsmart or outperform the market without gambling. Despite their best sales pitches, stockbrokers, mutual fund advisors and insurance agents are not experts on how to gamble your money.
The simple truth is that stockbrokers, mutual fund advisors and insurance agents should not be guarantors of results. Financial products and markets are overwhelmingly complex and unless the guarantee is in writing from a reputable, reliability insured entity, no guarantee of results is credible.
Stockbrokers, mutual fund advisors and insurance agents are guarantors of process. They are highly trained and regulated professionals who are required to meet or surpass well established standards. They are required to carefully investigate and plan your financial future so that they can recommend suitable financial products for you to consider. They are required to make sure that you understand the limitations of their planning, the benefits of what they recommend (and alternatives) and the risks of both what they recommend and the alternatives. They are educators, investigators, analysts, planners, and implementers.
The rub is that few stockbrokers, mutual fund advisors and insurance agents adequately fulfill their process guarantee. Too many of these trusted professionals are focused on sales, grand promises and fancy graphs. Often they seem smitten with their own terminology and the elation of yesterday’s success. After recent events, the faults are laid bare: the emperor has no clothes.
After all the dust has cleared, what is left? In many cases, the stockbrokers, mutual fund advisors and insurance agents have been paid their fees and left the client with a financial disaster. The “planned” retirement, the “planned” business succession, the “planned” security are gone.
If your security is gone, then your financial loss may be recoverable with our assistance. Geller & Associates is experienced at assessing potential claims and seeking financial recovery on behalf of clients who have suffered financial losses as a result of the negligence of financial advisors.
Call us for a free, no-commitment initial consultation.