I was on a panel earlier this year at the ComCap conference in Portland, discussing how my colleagues and I manage to do what other financial advisors seem incapable, unwilling, or downright frightened to do. Audience members recounted tales of bringing this taboo investment subject up to their financial advisors, only to be rebuked, scolded, and dismissed.
What strikes such fear into the hearts of financial advisors? Local investing.
As more and more investors seek to move some of their money from the global financial system into their local economy, their advisors can present a roadblock. The truth is, many financial advisors are held back by some mix of compliance restrictions, lack of knowledge, fear of change, and/or fear of litigation.[…]
The full and original article can be viewed on Locavesting.com
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