Comments on: Background Check Your Financial Adviser http://www.bargaineering.com/articles/background-check-your-financial-adviser.html personal finance blog with anecdotes, advice and commentary. Sun, 08 Nov 2009 17:32:34 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: thc http://www.bargaineering.com/articles/background-check-your-financial-adviser.html/comment-page-1#comment-74533 thc Sun, 11 Mar 2007 18:37:42 +0000 http://www.bargaineering.com/articles/background-check-your-financial-adviser.html#comment-74533 Nagel: I'm sorry you have such a low opinion of financial professionals. CFPs are bound by a strict code of ethics and RIAs are bound by law to put clients' interests first. Apparently you did not have the opportunity to work with the cream of the profession. Too bad. Nagel: I’m sorry you have such a low opinion of financial professionals. CFPs are bound by a strict code of ethics and RIAs are bound by law to put clients’ interests first. Apparently you did not have the opportunity to work with the cream of the profession. Too bad.

]]> By: thc http://www.bargaineering.com/articles/background-check-your-financial-adviser.html/comment-page-1#comment-74532 thc Sun, 11 Mar 2007 16:46:09 +0000 http://www.bargaineering.com/articles/background-check-your-financial-adviser.html#comment-74532 It's important to note that only information about registered representatives of broker dealers will be listed on the NASD sites and only information about Registered Investment Advisors is found on the last site you listed. Confusing, isn't it? But one of the first things people should know about their financial advisor is whether he/she is a registered rep or an RIA--there's a huge difference. It’s important to note that only information about registered representatives of broker dealers will be listed on the NASD sites and only information about Registered Investment Advisors is found on the last site you listed. Confusing, isn’t it? But one of the first things people should know about their financial advisor is whether he/she is a registered rep or an RIA–there’s a huge difference.

]]> By: Nagel http://www.bargaineering.com/articles/background-check-your-financial-adviser.html/comment-page-1#comment-74477 Nagel Sat, 10 Mar 2007 14:53:46 +0000 http://www.bargaineering.com/articles/background-check-your-financial-adviser.html#comment-74477 For several years I worked for a money management firm and financial advisors were my customers. 75% of them are completely untrustworthy. They are like mortgage brokers in that they are not looking out for your best interest; they are looking out for their own. It is essential to get recommendations from friends and family, but that still might not be enough. If you do not know a lot about investing be careful. Nagel http://finance.webaplex.com For several years I worked for a money management firm and financial advisors were my customers. 75% of them are completely untrustworthy. They are like mortgage brokers in that they are not looking out for your best interest; they are looking out for their own. It is essential to get recommendations from friends and family, but that still might not be enough. If you do not know a lot about investing be careful.

Nagel
http://finance.webaplex.com

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