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times1
2 reviews
1 helpful vote
12/3/18

Worthless piece of CRAP award!

Read this October 2017 article:
https://secondhalfplanning.com/blog/dont-be-fooled-by-five-star-professional-awards

Each year, they (ie. the 5 Star program) grant Five Star awards to "wealth managers," investment professionals, real estate agents, mortgage professionals, and home/auto insurance agents. These award recipients must meet certain eligibility and selection criteria. Five Star has done a pretty good job in laying out evaluation steps, but it's a low hurdle and measures the wrong things.

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Another link about this worthless award:
http://www.sandiegofeeonly.com/fivestar.html

"We recommend that you be wary of any financial advisor (whether Fee-Only, Fee-Based, or Commission-Based) that promotes these type of awards. Unless they are completely ignorant, these advisors are engaging in deceptive promotion."

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