Securities Lawyers Blog
Most investors chose there financial advisers based on the broker’s personality. However, that is a mistake. Liking your financial adviser is important, but before you invest your life savings with someone, there are seven steps you should take:
1. Know your investment objectives and try to properly articulate those objectives to your adviser. Are you looking for growth or income producing securities? Is a tax advantage strategy most appropriate for you? What are your retirement goals? These are all questions you must ask yourself before seeking an adviser.
2. Get references. Ask friends and family for the names of brokers that have served them well over the years. After choosing the adviser, ask the adviser to provide additional client references that you can call to get a better sense of the broker and his or her general trading strategy.