They should, but they won't...I figure it's a sort of crony "you scratch my back, I'll scratch yours" between agents and the advisors...Probably some nice kickback money in there as well...After all, a good portion of the jobs in our economy nowadays are these Financial Advisors that live off of the percentages...Sure, the robo advisor could do the job, but once again we're talking about another sector of the F.I.R.E. economy that would be eliminated.
I'd be curious to know who manages Bieber's finances...He seems to hang around with the worst of the worst, you'd have to imagine that he probably has some shady guys doing deals for him as well.
Well the big guys approach the players saying they can get X amount return on their money ...of course these players are making bank and bonuses and signing contracts with Nike and Gatorade... So they are like take my $2.5 million and put it to work...they aren't even paying attention to where their money is going....that's why alot of these guys in the end have nothing...
It really is a lot of money, unfortunately people fall into these tricks, and not a few. Despite inexperience of Mr. Sanchez, everyone is unprotected if not take the proper precautions before making a deal of this magnitude, Ash Narayan, was not authorized CPA ...