|
|
Choosing a financial adviser should be no different than interviewing someone for a job, that is, it is up to you to outline your requirements. There are several expectations you should have for a prospective financial adviser. He or she should:
explain every commission to you, sending you a monthly statement summarizing all the month’s transactions, including deposits, withdrawals, and current positions held
prepare both quarterly as well as annual reports that will inform you of the exact return he/she is getting on your money, as well as all fees and commissions
return all calls in a timely manner, getting you the information you request about an investment and finding out any answers to questions you have that he/she doesn’t know
keep you informed about your money, not just calling you when he/she want to buy or sell something
hear about the under performance of a fund from the adviser, instead of having to read about it in the paper, thus having to contact the adviser with your concerns.
AUTHOR: Joan Yuhas McGowan
MORE INFO: Excerpted from "Mutual Funds: Investing Wisely"
| |
To browse our collection of books for sale, click here.
To see a complete list of all our FREE articles, click here.
|
|
Thank you for using Blue Tree Books, Living and Learning for Your Second Fifty Years! We hope you enjoy the choices we have to offer you!
|
|
|
