If you have made the decision to hire a financial professional, you may not know where to begin. Before you hire a financial or investment professional, you want to make sure that you know what to look for in the person and investment firm you hire.
At Meyer Wilson, our securities fraud attorneys encourage you to fully research the broker or firm you are considering to determine if they are trustworthy. All too often, people don’t hire the right professional and can fall victim to negligence or misconduct. When you have done your research and narrowed down your search to potential candidates, you will want to ask certain questions and make sure the professional holds certain registrations before proceeding.
First, you want to make sure the professional you are working with is registered with FINRA, the SEC, or any state securities regulators. If they are not registered, they are not allowed to sell registered securities. This may also allow you to check out the broker’s information on FINRA’s BrokerCheck. Learn more about how to research your broker and his or her investment firm using FINRA’s BrokerCheck website by watching our video.
Among the most important factors to know is how the financial professional gets paid. Are they commission-based or do they get a percentage of the total asset amount? Do you have to pay them a flat fee? Learn more about how brokers get paid and how it can affect you and your account by watching our video.
When you are hiring a financial professional, you need to make sure that you do the research. Don’t feel that you are not allowed to ask questions. If you are going to put your assets into someone else’s hands, you need to know that you can trust that individual or firm.
If you invested with a financial professional or firm and lost money, contact our firm. We offer free consultations so you can discuss your matter with us and determine if you have a case.