Kiplinger

What You Know About Financial Advisers Is All Wrong

What comes to mind when you hear the phrase "financial adviser?"

If you thought of an older man in an expensive suit who is likely wealthier than you'll ever be and is always talking about what's going to happen in the market next, that's understandable. Or maybe you thought of someone who wasn't really an adviser at all, but merely a salesperson who uses the title to hawk financial products that came with fat commissions.

Unfortunately, these stereotypes exist for good reason: Traditional financial advisers from decades past used to be little more than money managers who only invested assets on your behalf, but did little to give you actual

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