Wealth Managers are Wealth Hoarders - Administrative Janney Montgomery Scott Employee Review

"Customer focus" are superficial talk but inherently GREED is their primary motivation. They present themselves as Fiduciary Advisers but secretly find ways to circumvent SEC & FINRA and maximize trading activities and profit. I've sat in meetings and overheard conversations about "diversifying" and "re-balancing" savings and retirement accounts (buzz words) but realistically, it was actual Churning maximized. The culture here is Greed but its all wrapped in pretty paper and ribbons designed to fool customers.