It has become routine with virtually all retail purchases. I recently bought my son a $25 box fan at Target and was asked if I wanted "protection coverage" for it. I gave the clerk a quizzical look and asked, "For a fan?" She shrugged and answered, "we're required to ask for any appliance purchase."
HTTPS://WWW.KIPLINGER.COM/ARTICLE/TAXES/T055-C032-S014-3-SMART-WAYS-TO-GIVE-TO-CHARITY-UNDER-NEW-TAX-LAW.HTML
A few years ago a friend suggested I might enjoy meeting the management team of a newly formed investment firm. A specialty insurer decided to expand their service offering to include wealth management. They believed their insurance niche would provide them easy entree' to the professional community they served.
During the mid-2000s I was a partner in a private trust company that was in the midst of reinventing itself. For years the firm had used a regional large cap investment firm to manage client portfolios, but at my urging the firm adopted a markets-based investment approach using DFA funds in 2003. Our clientele and new business focus were mostly inheritors of wealth with portofolios of $5 million or more. This was during the "heydey" of hedge funds, and we encountered many a prospective client that scoffed at the DFA approach, insisting their investment needs required more sophistication, sophistication that only hedge funds provided.
The "Groundhog Day" stock market correction has lots of investors casting a wary eye on CNBC wondering if this is the beginning of another major market decline. In just two trading days (FEB 2 & 5) the Dow Jones declined roughly 1500 points or about 8%. While we would urge investors to remain disciplined and not sell in a panic, it may be an appropriate time to reassess the value you receive from your financial advisor.