95 Percent of Financial Advisors Give Clients Bad Financial Advice, Expert Says

RANCHO CUCAMONGA, Calif., May 31, 2011 /PRNewswire/ -- If financial advisors are supposed to help their clients make sound financial decisions, why have Americans lost trillions of dollars in the stock market, their 401ks, pension plans and IRAs, in just the last three years?

That's the question posed by personal finance expert Roccy DeFrancesco, the nation's leading trainer of advanced planning strategies. According to him, a staggering number of financial advisors in the U.S. -- nearly 95 percent -- are giving their clients bad financial advice.

"Americans are suffering financially because their advisors are giving them bad advice or simply not disclosing important information," DeFrancesco said. According to DeFrancesco, most financial advisors are more concerned about selling their clients a product or service than they are about helping them achieve financial goals.

"This self-serving approach is very detrimental," DeFrancesco said. "Many advisors are putting Americans' finances at risk and forcing more people to postpone their retirement or seek work during their retirement years."

In his book "Bad Advisors: How to Identify Them and How to Avoid Them," DeFrancesco reveals insider secrets about the financial services industry and provides readers with important questions to ask their financial advisors.

"My goal is to empower Americans to take control of their financial outlook," he said. "Don't be afraid to hurt your advisor's feelings. It's your money and your family's future. Ask the questions you need to ask in order to protect yourself."

To learn more and to order "Bad Advisors: How to Identify Them and How to Avoid Them," visit http://www.badadvisorsbook.com.

DeFrancesco is available for interviews and speaking engagements to discuss how a staggering number of financial advisors are giving their clients bad financial advice and causing Americans to suffer financially.

About Roccy DeFrancesco:

Roccy DeFrancesco is an acclaimed personal finance expert and the nation's leading trainer of advanced planning strategies for financial, insurance, mortgage, accounting and legal professionals.

About KS Publications, Inc.:

KS Publications, Inc. is a provider of premier educational resources ranging from children's activity books and picture books, business & finance books and law books, to courses, seminars and workshops. To learn more, visit http://www.kspublicationsinc.com.

Please direct inquiries to:
Monique Harris
909-823-8495
monique@kspublicationsinc.com

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SOURCE KS Publications, Inc.