Search
 

SEC issues consumer tips on selecting a financial advisor

The SEC suggests investors probe a prospective advisor's credentials, their history of consumer complaints and learn how they'll be paid for services.

By Andy Stonehouse | Updated on September 27, 2012

A new Securities and Exchange Commission bulletin has been issued with guidelines to investors about the best and safest ways to select a financial advisor – and with your potential business (or lack thereof) in mind, it might be worth taking a look.

Its biggest revelations to individual investors, many of whom may not have any knowledge of the industry, are suggestions to learn how they’ll pay for their products and services (as well as how their financial professional will be paid), as well as advice on investigating their credentials and any history of disciplinary action from a regulatory body or a history of customer complaints.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.