Just thought I would put this up and see if anybody has any productive comments to make on this topic.
Just seems to me like the general public have an inherrent distrust of Financial advisors , not to mention the comission or fees charged by financial advisers which can be seen as expensive:
-People will pay €45 to have a doctor tell them something they already know (you have a cold go to bed).
-People will pay thousands for Solicitors to do what seems like the most basic of tasks (legal letters etc).
-I have seen accountants charge hundreds by the hour for number crunching.
* I chose these 3 as they are the most obvious professions known to us all. They are just my examples, not to be taken personally.
I havent been on this website long but from talking to brokers generally and from feedback from certain organisations (including my own experiences working in broker service environments) there seems to be an unbalanced opinion of brokers and fees in the market place in comparison to differant professional services.
I personally feel that I generally get more value for money off my rabbits vet then I do off my doctor (its not that much cheaper either)!!. But then again this shows that people can have an unbalanced view of the fees being charged for specific services.
The money we all spend on legal fees, accountant fees and doctor fees can be ridiculous but generally go unquestioned.
I was at my Dentist the other day for under 10 mins, he looked at my teeth, did a bit of messing and said all fine, that'll be €75 thanks very much.
Im not questioning whether or not the majority of people in these professions havent worked hard to get where they are, Im just flabbergasted by the disproportionate importance (moneywise) put on certain services.
Just curious to see what the general consensus out there is.
Just seems to me like the general public have an inherrent distrust of Financial advisors , not to mention the comission or fees charged by financial advisers which can be seen as expensive:
-People will pay €45 to have a doctor tell them something they already know (you have a cold go to bed).
-People will pay thousands for Solicitors to do what seems like the most basic of tasks (legal letters etc).
-I have seen accountants charge hundreds by the hour for number crunching.
* I chose these 3 as they are the most obvious professions known to us all. They are just my examples, not to be taken personally.
I havent been on this website long but from talking to brokers generally and from feedback from certain organisations (including my own experiences working in broker service environments) there seems to be an unbalanced opinion of brokers and fees in the market place in comparison to differant professional services.
I personally feel that I generally get more value for money off my rabbits vet then I do off my doctor (its not that much cheaper either)!!. But then again this shows that people can have an unbalanced view of the fees being charged for specific services.
The money we all spend on legal fees, accountant fees and doctor fees can be ridiculous but generally go unquestioned.
I was at my Dentist the other day for under 10 mins, he looked at my teeth, did a bit of messing and said all fine, that'll be €75 thanks very much.
Im not questioning whether or not the majority of people in these professions havent worked hard to get where they are, Im just flabbergasted by the disproportionate importance (moneywise) put on certain services.
Just curious to see what the general consensus out there is.