Saturday, April 18, 2009
7 Questions to Ask When Picking a Financial Adviser
Recent world events may have even the most daring of investors feeling cautious. So whom can you trust?
A Wall Street Journal article this week recommends 7 questions to ask when choosing a financial adviser:
1. What's in the adviser's background?
2. What do the adviser's clients say?
3. How does the adviser get paid?
4. Where are the adviser's checks and balances?
5. What's the adviser's track record?
6. Can the adviser put it in writing?
7. What do other pros think?
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1 comment:
Good list. One other question is "Does the Advisor take Custody of the Assets?"
Madoff was able to take custody directly from his cutomer's accounts, and was able to make changes on said accounts.
Not a good idea for anyone.
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