By Michael J. Searcy
We often talk to people about how utilizing multiple financial advisors can lessen their chance for success. For example, one advisor could decide to trade out of an investment to take losses at the same time the other decides to buy into that same investment, creating a wash sale, and adverse tax consequences. Neither professional is at fault, they just didn’t realize what had occurred because they weren’t aware their client was working with multiple advisors. I started thinking about that concept differently and now want to tell you that you should work with multiple advisors, but, it’s not what you think!