I went to Wendy’s over lunch today. They have 10-piece nuggets on their 2 for $5 menu. I drove up to the drive-thru and ordered 2 10-piece nuggets. They told me that would be $7.18. Wait a minute, sales tax isn’t that high. I asked, “Aren’t they 2 for $5?” He said, “Oh. I didn’t hear you say 2 for $5. You have to ask for that. They are on a separate menu. I can fix that for you.”

Does that make sense to anyone? Shouldn’t I automatically get the best deal that they advertise?

I can see why clients feel nervous when talking to broker/advisors for the same reason. Should you have to ask them if the advice they just gave you was in your best interest or was it to make a sale?

If I have to ask…I’ll take my business elsewhere. What about you?

p.s. You don’t have to ask a Registered Investment Advisor that question. We are required to act in your best interest.

Legal Disclaimer: These posts do not constitute an offer or recommendation to buy or sell any securities or instruments or to participate in any particular investment or trading strategy. They are for informational purposes only. CTW gathers its data from sources it considers reliable. However, CTW makes no express or implied warranties regarding the accuracy of this information or any opinions expressed by the author and may update or change them without prior notification.

About the Author:

John has more than ten years experience as an Investment Advisor. He focuses on devising and maintaining portfolios that meet individuals’ needs, investment research, and investment strategy. John has been recognized as a “FIVE STAR wealth manager” by Twin Cities Business Magazine 2016-2020.