My financial planner won't advise me
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November 20, 2006

My financial planner won't advise me

Q. My financial planner refused to advise me about the proxy I got regarding one of the funds in which she placed me. Would it be a clear conflict of interest for her to do so?
A. Clear, no. Conflict, maybe. Since you don't describe the issue behind the proxy vote, I can only guess. However, it's not impossible to imagine a conflict. Suppose the issue affected the compensation of advisers who sell the fund? The best way to understand her position is to ask her to explain it to you.

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St. Petersburg Times personal finance editor Helen Huntley writes about money topics and answers questions about financial planning, investments and personal income taxes.

Helen has been following the Lou Pearlman/Trans Continental investment scam since December 2006. Read more about it in this special report and on this blog.

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