If I have to ask…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.