Anonymous wrote:Sounds like he ordered as much husband - who dislikes peanut butter - would, simply asking them to leave it out. When ordering for a child (or any person) with an allergy, especially a life-threatening one, you make sure there is no risk of contamination, that everything is thoroughly cleaned before being used or, most likely, not even ordering something for an allergic person from a place that uses the allergy food in their products!
This “dad” sounds like a crap parent and person all-around.

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Anonymous wrote:Holy over reaction Batman? Like what was wrong with his smoothie? He’s acting like it had a turn floating in it.

His child went into anaphylactic shock and had to be rushed to the ER because they ignored his instructions not to put peanut butter in the smoothie.

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Anonymous wrote:Wealth managers are the dumbest of the dumb people in finance

+1

They’re mostly meatheads who couldn’t handle harder courses of study so they shuffle money from one pot to another and are ridiculously well compensated for doing so.

I think this guys is the scum of the world but I appreciate your savvy insights into wealth management. I’m an advisor without a MBA from Harvard or a silt
Overpriced degree. I went to a small private college but and made 1.4M last year as a 36yo. I guess I may not be as intelligent as you but I’m smart enough to have my family and kids set for life.

Do I deserve to make this money, heck no, the industry is lucrative (as are many other industry’s). Do I work very hard and have a load of stress and anxiety, you bet. All my friends in more prestigious “banking jobs” are envious of the time I’m able to devote to my family and would give their left arm to switch jobs. Glad you see it once sided.

I'm not the PP, but .... you kind of proved PP's point. Really, you make that kind of money for being a wealth manager? My understanding is that the wealth managers don't invest money, never quite understood what they actually did, but didn't realize they made so much money. My guy at fidelity just seems to answer my general questions and then turfs out anything more complicated to others at Fidelity. What is your cause of anxiety or stress at the job-- since you want people to not have the one sided view of wealth managers? Anyhow, kudos to you for landing a well paid job that doesn't require too much brain power or time commitment (per your comments).

Fundamentally the job is a sales job. He has to sell his clients (everyone from doctors, to firefighters, to small business owners, and plumbers), that HE has their interest in heart, that he will grow their money better than a Vanguard account. People die or switch to index funds all the time, so you have to keep finding clients, so put together free “seminars” on how to invest in tech stocks in 2022 or whatever trendy buzz word will get rubes with money in the door. Sure they are meatheads, but most sales guys are meathead athletes and make tons of money. Just how the world works. I think Merrill is not fee-only but commission based, so on top of selling yourself you have to sell your companies promoted dogsheet, I mean dog food, an you get multiples on your commission for that. Also have to keep the runes trading and moving money to get paid, they can’t just set it to S&P and let it ride, as you will wither commissions AND they will wonder why they pay you.

And then days like Friday happen, and you have calls from angry clients wondering why you didn’t see it coming, they want their money out, etc. so you need to think fast as to why your investing acumen was blindsided.

Reading this goes to show me you either:

1. don’t have a lot of money
2. Have no idea how financial advisor relationship works/compensation
3. Have been screwed over by a slime bag
4. Don’t realize that many advisors don’t sell themselves out to beat the market. If you work with someone who promises or says that, run. Our services run deeper than buying some ETFs.

I have to just laugh at this type of egomaniacs.

Why don’t you tell us what you exactly do rather than just what you don’t do? Since you came out swinging insults, I guess I touched a nerve, sorry I was just explaining to PP why someone without much academic pedigree or actual market prowess could command such rates. Perhaps there is a service I am ignorant of, because no matter how many $Ms we have, I know I will never engage a wealth manager so I am curious.

Some of our offerings, included in our fee: drafting any estate planning documents (all types of trusts, wills, medical directives, etc), tax prep/planning with CPAs, we have an in house therapist for clients, lending solutions (investment credit lines, mortgages, m&a financing, etc) via our private bank network, and the basic other stuff you’d expect ( SS experts, Medicare/insurance experts, etc)

My day to day is essentially acting as the CEO of the reaction ship. Our research team does 95% of the investments.

Every wealthy person I know (let’s say 10M+ investable) works with an advisor.. for the mass affluent with a million or two, an advisor might not be worth it.

Anonymous wrote:Sounds like he ordered as much husband - who dislikes peanut butter - would, simply asking them to leave it out. When ordering for a child (or any person) with an allergy, especially a life-threatening one, you make sure there is no risk of contamination, that everything is thoroughly cleaned before being used or, most likely, not even ordering something for an allergic person from a place that uses the allergy food in their products!
This “dad” sounds like a crap parent and person all-around.

Anonymous wrote:He was mad because he said he told them his son had a peanut allergy and told them no peanuts. His son drank the smoothie and had a severe allergic reaction to peanuts. The child’s throat and mouth started swelling up and he needed an epi-pen shot. One shot wasn’t enough and his child collapsed to the ground and couldn’t breathe. They have him another epi-pen shot and he was rushed to the hospital.
Not excusing the guy. What he did was wrong but his child almost died so he went back to the store and lost it.

Anonymous wrote:

Anonymous wrote:Holy over reaction Batman? Like what was wrong with his smoothie? He’s acting like it had a turn floating in it.

His child went into anaphylactic shock and had to be rushed to the ER because they ignored his instructions not to put peanut butter in the smoothie.

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Anonymous wrote:Holy over reaction Batman? Like what was wrong with his smoothie? He’s acting like it had a turn floating in it.

Reddit says it had peanuts in it, which his son is allergic too. So probably a mixed up order.

We have a peanut allergy in family, I can definitely see getting upset about a mix up if my son drank it and felt sick, but these things do happen.

At risk of being attacked — I can sort of empathize with him. Peanut allergies are no joke.

So why would a parent joke around with it by going to a place where cross contamination is likely to be an issue, then order a smoothie that normally has peanut butter in it, and then not even bother tasting it before giving it to your child to make sure the literal children working got it right? I know parents of kids with anaphylactic allergies and they would never put their kid at risk like that.

You’re never going to hear me say he was JUSTIFIED, I just said I can empathize since he feared for his kid’s health and life. And I think these immature teens filming everything for attention and then ginning up the dialogue for clout and viral fame is gross. All of this is gross and sad.

They are more mature than the POS racist, lol. Glad these racists are being exposed.

Anonymous wrote:

Anonymous wrote:Holy over reaction Batman? Like what was wrong with his smoothie? He’s acting like it had a turn floating in it.

His child went into anaphylactic shock and had to be rushed to the ER because they ignored his instructions not to put peanut butter in the smoothie.

Anonymous wrote:26 years at a top firm down the drain. Too bad.

Anonymous wrote:Holy over reaction Batman? Like what was wrong with his smoothie? He’s acting like it had a turn floating in it.

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Anonymous wrote:Holy over reaction Batman? Like what was wrong with his smoothie? He’s acting like it had a turn floating in it.

Reddit says it had peanuts in it, which his son is allergic too. So probably a mixed up order.

We have a peanut allergy in family, I can definitely see getting upset about a mix up if my son drank it and felt sick, but these things do happen.

At risk of being attacked — I can sort of empathize with him. Peanut allergies are no joke.

So why would a parent joke around with it by going to a place where cross contamination is likely to be an issue, then order a smoothie that normally has peanut butter in it, and then not even bother tasting it before giving it to your child to make sure the literal children working got it right? I know parents of kids with anaphylactic allergies and they would never put their kid at risk like that.

You’re never going to hear me say he was JUSTIFIED, I just said I can empathize since he feared for his kid’s health and life. And I think these immature teens filming everything for attention and then ginning up the dialogue for clout and viral fame is gross. All of this is gross and sad.

Got it, well I can’t empathize with putting your own child in danger and then…..assaulting a teenager about it, who you’re now berating as gross. Filming it for attention?? They filmed it so there would be evidence that it happened, and posted it so the schmuck would be identified and actually face consequences. What is wrong with you?

He “assaulted” them? No, he didn’t. But their laziness and/or incompetence did almost kill his kid and they apparently think it’s funny.

Nope. Daddy’s stupid choices almost killed his kid.

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Anonymous wrote:26 years at a top firm down the drain. Too bad.

He will be fine, sure he has $Ms, so just early retirement. Unless he gets jail time he will be forgotten soon enough.

Look at this horror show, she is a VP at Match.

https://www.nytimes.com/2015/02/15/magazine/how-one-stupid-tweet-ruined-justine-saccos-life.html

https://www.the-sun.com/news/3790849/who-justine-sacco-what-say-tweet/

The white rich take of the white rich don’t worry.