By: Jeffrey A. Harrell, CFA

Identifying a financial advisor that truly has your best interest at heart can be a difficult task.  From high fees, to illiquid products, to unrealistic investment promises, nearly every doctor has come face-to-face with a broker or advisor looking out solely for their financial benefit, rather than yours. 

Given the complex nature of investing and financial planning, it is understandable why so many doctors are easily taken advantage of. As part of our comprehensive tax and business planning service, we review the investments of all clients.  We asked Jeff Harrell, CFA, Director of Portfolio Management at McGill Advisors*, to provide us with some of the most common ways doctors are mislead or taken advantage of.

One all-too-common tactic he has noticed is...