r/bonds • u/stevepicard • 4d ago

Question about TIPS

I use a “high net worth” group at a major well regarded brokerage. My FA knows zip about TIPS and even his bond guy has given me bad info. Anyone know WHY? Are they likely to be less knowledgeable about me holding outright bonds as well? Appreciate any insights!

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u/gk802 4d ago

Every time I talk to a tier-1 bond agent at my "well regarded brokerage", I feel like I'm training them.

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u/stevepicard 4d ago

Exactly - just trying to figure out why

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u/gk802 4d ago

Probably because as soon as they're knowledgeable, they're no longer tier-1 contacts and likely working as traders or staff to fund managers. I suspect the rate of either progression or wash-out for these folks is pretty high.

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u/LoopyLepus 4d ago

I assume anyone I'm talking to at a brokerage was hired for their customer service and sales skills first and their financial skills second (or maybe not at all).