FINDING THE RIGHT FINANCIAL ADVISOR

CHOOSE THE RIGHT FINANCIAL ADVISOR

Most consumers tend to have trouble with their financial advisors as they are not really advisors. You can ask if they have securities licenses that permit representatives to sell investment products for commissions. Or better yet, go to www.paladinregistry.com to check your advisor’s ratings. Always ensure that you extract only quality advice from them and not hot sales pitches.

One of the biggest mistakes that investors make while selecting their advisors are placing too much emphasis on brand names, advisor personalities, and verbal statements. For example, advisors can lead you into believing that they can produce high returns for low risk. This is a pure sales gimmick because this type of a product usually does not exist.

Matters are further compounded by the fact that there are no minimum educational qualifications or experience required to be an advisor. Some do not have published track records yet sometimes control all of their clients’ financial decisions.

The consequences of choosing unrated advisors who are selected based on their sales pitches are that they control all information that investors rely on to make their selection decisions. They do not reveal much information about themselves to their investors. You need to question your advisor in this regard and listen carefully to their answers. You must also be able to distinguish a good answer from a bad one. Consumers need to remember that if there is a dispute it is the investor's word against the advisors because sometimes there are no written records available. Also know that you have the right to seek all the information you need do not get carried away by the advisors personality.

The Paladin Registry of Financial Professionals was established in 2003. We are an information services company; not a financial services company. Our ratings are given independently and objectively. We do not benefit financially from any of the decisions taken by the investors. None of the financial advisors or companies has an equity stake in the Registry. The Paladin registry is not licensed to sell any investment or insurance products, nor is any advisor employed by, licensed by, or affiliated with the Registry. We do not in any way benefit financially from your decisions. Our services are based on complete independence and objectivity. We offer all of our registry services free of cost to our investors.

About Paladin Registry

Founded in 2003, Paladin is an information services company that provides free public services to consumers who use the services of financial advisors and financial planners. The Registry educates consumers about financial professionals and provides ratings and documentation for criteria that impact their competence and ethics. You can learn more about Registry services by going to http://www.paladinregistry.com.

Article Source: http://www.majorarticle.com

Jack Waymire is co-founder of the Paladin Registry and author of "Who's Watching Your Money?" financial professionals. Find more information about financial advisor here.

Related Topics

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated