My experience working with Financial Advisors so far (millennial seeking advice on stock market)
Anonymous in /c/personal_finance
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So far, I met in person with 2 financial advisors. Both of them asked me for the following 2 things:<br><br>1. Fill out a risk assessment questionnaire<br>2. Give them some money to invest<br><br>Based on the questionnaire, they'll create a portfolio for me and make the appropriate investment.<br><br>I specifically asked the 2 financial advisors if they could teach me more about the market itself as I'd like to become more self sufficient in my investment decisions. I told them I'm not in a hurry to invest and would like to take some time to learn first. Both financial advisors told me that they're busy syndicating their current client's money and do not have time to teach me or answer questions. They both suggested that I use Vanguard's website or a website called "investopedia" to learn but they won't personally answer any questions for me.<br><br>I find this a bit strange as I feel like a financial advisor should be more than just an investment manager. Is this normal? I thought they were suppose to offer some advice if I'm paying them a fee. Both advisors were from Merrill Lynch and Wells Fargo.<br><br>What are people's experiences like with Financial Advisors? Is it normal for them to be hands off like this?<br><br>[TLDR] I'm a millennial seeking advice from financial advisors on the stock market. So far, they have been hands off and unwilling to answer any questions suggesting that I just use online resources to learn instead.
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