• Adams Financial Concepts,  Return on Investment,  The Investment Industry

    Is Your Money Being “Stolen”?

    Hypothetically, say you had a brokerage account worth $5 million, and when you got your statement you saw that the financial advisor had taken $3 million out of your account and transferred it to his. How would you feel? Would you just accept it because the financial advisor is so personable and nice, almost like a friend? Would you send in more money? Would you ask for an updated financial plan to see how you could live on $2 million? Then, suppose the financial advisor met with you, said you were right on track to meet your long-term goals, and then he removed another 70%? How would you feel? What…