It is unfortunately difficult in the very noisy financial services sector to tell the difference from a broker working for a large bank, a financial services representative at your local bank, an insurance agent pitching financial advice via annuities or life insurance, online brokerage firms offering advice on a green chair, robo-advisors with model ETF platforms and accounting firms selling mutual funds. Some firms however are fee-only Registered Investment Advisors which provide wealth management services as a fiduciary for a fee without commissions thereby limiting many conflicts of interest.
Today's 2%+ market sell-off has certainly unnerved some investors. Like any market move in the short-term, it's important to take a deep breath and think about your long term goals as we assess our outlook and strategy. So, has anything changed?