| ??? 08/21/12 07:39 Modified: 08/21/12 07:40 Read: times |
#188103 - Paying for professionals. Responding to: ???'s previous message |
Richard Erlacher said:
The problem with "professional" advisors is that they work for themselves, and only benefit you if it also benefits them. This is true if you're not paying those professionals. Finding out how the professional is paid for, if you're not the one explicitly paying for their service, can be quite enlightening. Of course, most people don't want to spend money on someone managing their finances, but end up paying anyway (for the poor decisions made by someone who's paid for by someone else), and sometimes much more than they would have otherwise. Richard Erlacher said:
When asked pointed questions about it, he completely distorted the facts. At one point, when I asked, "From what revenue stream do you derive your income?", Precisely. A "professional" most likely isn't working with (only) your benefit in mind if you're not the one paying for their services. And if you do pay for these services, the contract should forbid accepting money from anyone else. Of course, that won't stop them if they're truly corrupt, but at least then you'll have a sound base for a lawsuit. An explicit breach of contract provides fairly good ammo for a lawyer. |
