Advice by Michelle Singletary: Here are eight tips for finding the right financial planner to help you navigate rough economic times.
Before you dine at a new restaurant, you might go online to look at reviews, right? Looking for a new refrigerator? You probably checked how Consumer Reports rates the models you’re interested in purchasing. Go to
Don’t forget to check with your state securities regulator to research brokers and investment advisers. The North American Securities Administrators Association can help locate your state regulator .Don’t be shy about asking how the planner will be compensated. They could be a fee-only planner, be commission-based or charge a fee based on assets under management.By law, an investment adviser who has a “fiduciary duty” must act in the best interest of clients.
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