FA Center: Asking a financial adviser these questions can help put your money in the right hands
In the Netflix series “Ozark,” a sleazy financial adviser converts an initially skeptical prospect into a client. His sales pitch falls flat, but as he’s leaving he compliments the prospect’s artwork on the wall. That does the trick.
The scene exposes the faulty reasoning that drives some investors to make foolhardy financial decisions, like giving money to an adviser who ladles out flattery.
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