#4 WELL-TRUSTED FRIENDS OR “WTF”
WTFs are laureled and tenured advisers. Through years of service, they cross a relationship Rubicon among their client base—from stockbrokers to personal friends. They’re widely labeled as “the best.” They’ve been around forever. They still bring best practices and solid thinking to their everyday advice.
These stockbrokers are tired, though. They’re resting on their laurels and no longer going the extra mile. Not open to new ideas. It’s now difficult to separate personal from business, and given the confusing relationship, you may find yourself wondering, WTF. This begs an obvious question. And we want to hear your story no matter how you classify your broker—SQUID, ZOMBIE, or any of the categories described to date.
What’s your WTF moment with your stockbroker? Tell us about it.
Norb Vonnegut
About the author
Norb Vonnegut wrote 178 articles on this blog.
Do you ever feel the financial news makes no sense? Do stories leave you with more questions than answers? I created Acrimoney to discuss Wall Street’s behavior behind the headlines. As a veteran of a wealth management business that exceeded $1 billion in assets, I offer insight into the people and the “doings” that affect your money. I’ll start the discussion. But I hope you’ll jump in and say what you think.
"The Gods of Greenwich is a pure delight, racing relentlessly from the bedrooms of Manhattan to the boardrooms of Connecticut to the banks of Iceland. Bravo!”
