Financial Advisor Subjected To Another Client Who Just Discovered Motley Fool

ERROL PARKER | Editor-at-large | Contact

A Betoota Heights financial advisor has this week been subjected to another client who has just discovered Motley Fool, in what colleagues are describing as the fourth such incident this calendar year.

Brett Hutchinson, who has worked in personal financial planning for over two decades, sat silently across a laminate desk on Tuesday afternoon while a 54-year-old ceramic artist from Betoota North read aloud from his phone for approximately twenty-five minutes.

The client, who asked not to be named, had inherited a sum described by his brother as "not nothing" following the passing of their father in July last year. The brother, who is executor of the estate, had made the appointment on his behalf and driven him there personally.

The client had used the pre-probate period to do his own research. When approached by this masthead, Hutchinson was brief.

"He'd found Motley Fool over the weekend," he said.

"Said it changed everything."

It is understood the client arrived with a series of screenshots, a dog-eared stack of printed off free-tier articles from The Motley Fool and a library-loaned copy of The Barefoot Investor's first book where he famously details how to launder money from a small-to-medium sized drug dealing operation. He had also watched several YouTube videos about index funds and had purchased Rich Dad Poor Dad from the Betoota Salvos for two dollars, which he described to Hutchinson as "putting him out of the job."

Hutchinson, who holds a Master of Financial Planning and has managed portfolios through three recessions, listened carefully and took notes. When asked what he had written down, he was again brief.

"Index funds," he said.

"Time in the market."

The client left the meeting confident his advisor had learned several things. His brother was waiting in the car and did not come in.

More to come.