Bob is featured on the Absolute Trust Talk Podcast and discusses many topics surrounding his specialty, beginning with who is most likely to be victimized by financial advisors who do not act in the best interest of their clients. Bob then shares the different types of situations he sees his clients in and how they decided they were in over their heads and needed legal help. Later Bob weighs in on the do’s and don’t’s when looking to hire an advisor or broker and what you should regularly do to stay on top of your portfolio.
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Time-stamped Show Notes:
3:02 – Bob shares why senior citizens are the most common group of people he works with in regard to the loss of money in investments
4:20 – Kirsten asks Bob to share how clients come to the ultimate conclusion that they are in enough trouble and they need legal help
5:17 – Why senior citizens should not have volatile investments
8:44 – Bob discusses the different types of situations he sees and the types of advisors responsible for taking advantage of investors
11:08 – What “suitable” means regarding an industry standard for advisor-client relationships
15:00 – Bob defines the difference between the fiduciary and suitable standards in terms of responsibility of advisors to their clients
17:03 – Kirsten asks Bob to share what else he sees advisors doing wrong in his practice
19:56 – This is the most important thing you can do when looking to hire an advisor or broker
24:27 – Bob highlights what an investor should stay on top of when they finally hire an advisor or broker