How do you know if your financial advisor's advice is in your best interests? While many advisors are required to put your financial interests first, this does not always protect you from inappropriate, outdated, or simply bad advice.
When seeking financial advice, the best policy is to use common sense and always ask questions. Just because an advisor is offering advice does not mean it is appropriate for your situation. You must follow up because, ultimately, it is your money that will be impacted, not theirs.
Here are four common financial advisor recommendations that are incorrect or misleading, along with examples of what an advisor should have told you, to help you get started with recognising questionable advice and drilling down to solutions.
