When investors tell me their broker is a fiduciary I advise them to request a letter, on the letterhead of the firm simply stating: I agree to act as fiduciary to you in all my dealings. No one has received this letter to date.
Your prospect will make the decision whether or not hire you based on emotion, not facts. The more you “educate” the less likely you are to be retained.
There’s a huge bargain in stocks these days, but you’re unlikely to hear much about it.
Try this approach to convert a prospect and let me know how it works for you.
Your financial journey is a long one. The good news is you have the benefit of time. Start by taking these three steps. If you do, I like your chances.
Keep this in mind the next time someone offers to give you “free” advice.