6 lies your financial advisor is telling you. Here’s how you can spot them

When it comes to wealth planning, you always turn to your financial advisor for best investments and planning.

At this point of time, where the government is tweaking rules and regulations in the financial sector, one must be careful and look for ways to safeguard their savings.

Apart from protecting your savings, an individual investor also looks for multiplying the wealth and here the role of a financial advisor becomes important.

Pay attention to how your financial advisor discusses and approaches risk. The best and most trustworthy financial advisors tend to be completely open about risk. If someone downplays risks, run for the hills.

Christopher Elliott, who in a LinkedIn influencer and specializes in solving unsolvable consumer problems, says, “When it comes to getting advice -- especially financial advice -- truth can be such a relative thing. Few advisors will tell you an outright lie.”

That’s true. But how do you spot them?

Here are 6 lies your financial advisor is telling you and how you can nail them