Reply to Those retirement planning seminars with free dinner..

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I get these too but have never gone. For those who have, was it worth a nice dinner?[/quote]

There is no free lunch comes to mind.[/quote]

That's a very simplistic view. A typical dinner may set them back, what, $5K? $10K? Do that 3-4 times a year, that's $50K max. Even if they get 2 customers from each session (I bet they get more), they've more than made their money back. They also have every incentive to treat all the guests with respect in terms of privacy expectations, not nagging after the dinner, etc because each of them is a potential future customer. They could always cut you off if they think you are a freeloader but I don't think there's any other cost.[/quote]

Yeah the free lunch is paid by existing clients through the high fees. Also of course your time/attention. I wouldn't much enjoy sitting at a table with people I don't know and have no reasonable connection with. Nor would I enjoy being pitched on services I know a good amount about already, and have zero interest in buying. So that's a big cost for some people.[/quote]

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