Ep 43. Warning Signs Of A Bad Financial Advisor

While Suze Orman may consider herself the ultimate authority on personal finance, there are still plenty of self-proclaimed financial gurus who can lead us astray. In season 8, episode 43 of The Suze Orman Show, Suze tackles the topic of bad financial advisors and the warning signs that we should watch out for.

Suze begins the episode by providing a brief overview of the financial industry, including the different designations that financial advisors can hold. She explains that not all financial advisors are created equal and that some may not have your best interests at heart.

To help viewers identify bad financial advisors, Suze provides a list of warning signs. These include high fees, a lack of transparency, and a focus on products rather than planning. She also discusses the importance of reading contracts carefully and asking plenty of questions before signing on with an advisor.

Throughout the episode, Suze provides a number of real-life examples of bad financial advisors and the harm they can cause. She encourages viewers to do their own research and to be wary of advisors who make promises that seem too good to be true.

Suze also touches on the controversial topic of annuities, highlighting the fact that many advisors push these products on their clients even when they aren't the best solution for their financial situation. She stresses the importance of understanding what you're investing in and being aware of the potential downsides of annuities.

Finally, Suze wraps up the episode by offering some tips on how to find a good financial advisor. She urges viewers to do their due diligence and to look for advisors who are transparent about their fees, have a fiduciary obligation to their clients, and have a track record of success.

Overall, season 8, episode 43 of The Suze Orman Show is a must-watch for anyone who is concerned about finding a good financial advisor. Suze's expert advice and real-world examples provide valuable insights into the warning signs of a bad advisor and the steps we can take to protect ourselves and our finances.