Most financial advisers don't get a second opinion for themselves

02/14/2010 | InvestmentNews (free registration)

Although financial advisers have argued for years that they should be considered professionals along the lines of lawyers and doctors, they haven't embraced the practice of other professions in seeking the independent advice of their peers, Lisa Shidler writes. Many go it alone when working on their own personal financial plans, despite the potentially harsh financial consequences of an easily overlooked mistake. Some advisers say it is important for them to "eat their own cooking" to maintain credibility with their clients.

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