The position of “financial advisor” is somewhat of a misnomer. It portrays the concept that the advisor is there to offer recommendations on the best financial investments their clients can make. In reality, they are given a very limited scope of products they’re allowed to sell which means they’re not allowed to “advise” their clients to buy other things even if it would be a better investment.
In other words, they’re job is to sell THEIR products, not the best financial products available. Calling them “financial advisors” is no different from calling a car salesman a “transportation advisor.” There’s nothing wrong with the profession itself but the title can be misleading.
Jonathan Rose, CEO of Genesis Gold Group, joined Steve Poplar from The Poplar Report to discuss a wide range of economic topics. Poplar, who is an accountant by trade, grilled Rose about the state of the economy and the geopolitical events influencing it. He also dropped random gems ranging from government waste surrounding ball bearings to the age-old question, “Is there any gold in Fort Knox?”
