[quote=svelte]I read this article at lunch today. What struck me is a man who made so many – and there were many – financial mistakes and could not do simple math to project expenses vs income going forward could call themselves a financial planner.
It is astounding, really.[/quote]
Svelte, I could not come up with a more appropriate term than your choice of “astounding”. Described my experience reading this article to a T. I don’t know if Utah requires residents representing themselves as financial planners to be licensed, but, if they do, I hope someone goes after this guy.
I have met many financial “professionals” who were anything but. However, this guy seems to make no genuine connection between his actions and the minimum level of competence that should be expected of a paid financial advisor. He refers to it, almost abstractly, at times, kind of like he suddenly remembers, “Oh, yeah, that’s supposed to be the selling strategy for my book”. But, other than that, it’s just a “Wait…it gets even better!”-type of recitation, citing one act of incompetence after another, after yet another. I admit to being dazzled…..but not in a good way.
