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Thread: How to "check out" a financial advisor?

  1. #1

    Question How to "check out" a financial advisor?

    Other than googling and basic license # checking anyone have any thoughts on "checking out" a financial advisor and their firm/group?

    Checked out their website, searched their name and group name, checked BBB listing, haven't found anything shady or negative.



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  4. #3
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    Well , no , never used an advisor, but a fund, yes, and you can look at past performance( which may mean , nothing in the future), see gain / loss 10 yrs, 5 yrs ,1 yr etc.

  5. #4
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    What do you need an advisor for? Do they charge a percentage, commision ? or a flat rate ?

  6. #5

  7. #6

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    Finra's website has a tool where you can look up any complaints etc. with any given financial planner.

  8. #7

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    IMO going to a financial advisor is like tattooing "rip me off" to your forehead.

    You'd be better off self-educating and playing it as safe as possible until you know more about what kinds of investments fit with your personal financial strategy and comfort zone.

    Above all: If you don't 100% understand the investment, don't put your money in it.

  9. #8

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    Quote Originally Posted by thoughtomator View Post
    IMO going to a financial advisor is like tattooing "rip me off" to your forehead.

    You'd be better off self-educating and playing it as safe as possible until you know more about what kinds of investments fit with your personal financial strategy and comfort zone.

    Above all: If you don't 100% understand the investment, don't put your money in it.
    Going to a "financial planner" who works on commission is a rip-off. Going to a financial planner who works on a fee-only basis is a sound idea that makes economic sense.






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