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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.
    “If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”

    - SAMUEL ADAMS

  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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