Finding Your Financial Soulmate
June 17, 2009 by blackgirlgrown
Filed under money
Picking a financial advisor is about as easy as picking a spouse. The government’s General Services Administration is recommending readers take a look at Bankrate’s recent article on how to rate your financial advisor.
Earlier this year, the stock market fell to a 12-year low, losing 54 percent of its peak value and taking a vast chunk of ordinary Americans’ wealth with it. In the wake of such big losses, many investors are looking for someone to hold accountable. That has placed financial advisers under the microscope.
Tips on a match made in financial heaven?
…By asking questions and doing your homework, says Kristin Kaepplein, director of the Office of Investor Education and Advocacy at the Securities and Exchange Commission.
“Even when you are delegating management of your assets, that doesn’t mean you don’t have to do your due diligence, especially on an ongoing basis,” Kaepplein says.
blackgirlgrown
