Log in or Register to post new content in the forum. It seems that most of us avoid the words "stock broker" like the plague.

After all, we are Financial Advisors, right? For those who want help with investing, maybe "stock broker" is a more pure way to entice them In the old days, you needed a stock broker for access to trades, and you benefitted from a company having IPO access, along with information and research. All of that stuff is now available via the internet.

What a financial professional today is supposed to offer, is the ability to understand that information and then apply it to a certain set of circumstances that is each client. There are precious few people, reps included, that have the ability to manage their own money. Something happens to folks when dealing with their own money, that makes them literally dangerous to their own financial health.

There is so much information out there, and so much of it is fraudulent or wrong, that it takes a very keen eye to sift through it. Toss in conflicts of interests from a professional or individual stand point, and the odds of winning the lottery or at Vegas seem good in comparison. It is an interesting subject for sure, and I think one of the best analogies and comparisons is the relationship of intelligence or iq of a person relative to them owning a set of encyclopedias in the old days, or a computer with internet access today.

It isn't the encyclopedia or the computer that makes you smart, it's the reading and studying of that material that creates knowledge and intelligence. I must say, I'm probably more convinced than ever that the investing public needs a good financial advisor.

Having a good or bad advisor the last 10 yrs is the difference between financial life and death. Log In or Register. BlackRock Said to Acquire Stake in Robo-Adviser Scalable. Engage Millennials in Estate Planning. Is Term Insurance a Commodity? IRS Simplifies Extension Procedures for Portability Elections. Surrender a Universal Life Insurance Policy?

Financial Advisers and Stock Brokers: What's the Difference?

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Career Advice: Stockbroker Vs. Financial Advisor | Investopedia

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Log in or register to reply. Jan 16, 9: Jan 25, 2: Which football game were you watching? Jan 28, 9: Jan 28, Well, there is a historical element to this, that is easy to forget, and certainly not taught.