Checking A Broker’s Background Gets A Mandatory Link

Desired Outcome

If an advisor has been doing business long enough, there may have been a client incident at some point, so just because there is one does not automatically make for a bad advisor. Filing a complaint against an advisor is not necessarily an easy process, thus you have to feel very frustrated or hurt by the advisors sale of a product to want to go through the steps. So a disclosed event should not be taken lightly either. What you do not want to see is a situation like I described above where there are regular complaints. These are the advisors you should stay away from. Ultimately you want to work with an advisor that is a fiduciary (works in your best interest) and works under the fee-only (not fee based) model. While these advisors are historically hard to find, they are becoming more popular as the general public begins to recognize that banks and brokerage houses are selling them products that are not built in their best interest.

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Casey Smith is owner and president of Wiser® Wealth Management, a wealth management firm based in Marietta, GA.  Wiser® Wealth Management ...

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