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Suze Orman Won't Stop Bashing Advisors (March 30)
Written March 30, 2015...
Personal-finance celebrity Suze Orman concluded the final installment of her long-running TV show on Saturday night by telling her audience, “If you want to find the best financial advisor of all, just look in the mirror.”
Orman has been blasting traditional financial services since the 1990s, when she began publishing self-help books. (One oft-repeated joke is that “a broker makes you broker.”) Don’t expect her to stop — another television program is in the works. And despite practices that many have found questionable, Orman enjoys the support of what CNN reporter Chris Cuomo last year called “the Orman cabal .”
She worked for Merrill Lynch and Prudential Bache, selling mostly insurance, before starting her own firm in 1987; at some point she got her CFP designation. But her real calling is entertainment of the Jerry Springer variety. The Suze Orman Show , which ran for 13 years, was noisy, self-congratulatory and heavily reliant on public shaming of call-in viewers who, say, coveted a $130,000 car even though they’d saved only $65,000 toward retirement.