Finding what is right for you based on interest, ability and the given market is what’s important. In fact, academic research has revealed that not only do consumers possess behavioral biases which prevent the effectiveness of disclosures, but also that the sell-side of financial services industry is trained to take advantage of these shortcomings. Hence, the solution to the problem of vast information asymmetry in the financial markets can be found with the application of a principles-based fiduciary standard of conduct. Of Business at Alfred State College, where he serves as Program Chair for its Financial Planning Program.
Let us hope that the economic analysis will focus not on the cost/benefits to Wall Street – we know Wall Street firms will shrink over time if broad, bona fide fiduciary standards are imposed. In fact, it is essential for the future economic health of our economy, and it is essential to better secure the financial futures of our fellow Americans. The result will be many more Aunt Beas , whose financial futures are ruined by betrayals of trust and poor ethical standards.
Sadly, I don’t have much confidence that the SEC will act anytime soon, or that if it acts that it will reverse its course over the past few decades and apply a bona fide, non-waivable fiduciary standard upon all those financial and investment advisers in relationships of trust and confidence with their clients. In May 2008 the median annual wages of wage and salary insurance sales agents were $45,430.
Nonetheless, if the child absolutely needs to be placed in one of these private schools, states can provide financial incentives for these families. It is considered one of the top special education boarding schools in the nation and follows the same philosophy as the Queens day school: they provide full academic, social-emotional, clinical, and job training services for students with mild learning disabilities.
During your interview, the manager will regurgitate to you these common myths as part of his/her sales pitch to you about being a financial advisor. The better off points I can think of is that the advisor has the potential to make much more money than his/her peers who take a salary and doesn’t have to worry about taking leave or taking a MC. It’s also a great way to start a general career in finance You can go on to become a stockbroker or get additional licenses to sell other financial products.