Finding the right Financial Advisor
Posted on : 20-03-2010 | By : admin | In : Discounts and Special Offers
Currently, financial planners and registered representatives are held to the suitability standard; this means their recommendations must be suitable for you based on your age, risk tolerance and financial situation. A registered investment advisor must meet a more stringent standard; that of a fiduciary. A fiduciary has the responsibility to make recommendations in your best interest in all aspects of the financial relationship.
To give you an example, one couple, not understanding this difference, picked the wrong financial advisor and in less than seven years it cost them over $150,000 in fees and missed investment returns. Hence, picking the right financial advisors can have a huge impact on your wallet and investment opportunities.
So where can you find an advisor that are held to a fiduciary standard and is capable of managing your investments without losing opportunities or excessive risks? Established in 2003, Paladin Registry is a location-based directory of 5-star financial planning professionals. The registry screens more than 16,000 top financial advisors based on their competence, credentials and quality of services rendered.
Paladin Registry was awarded a 4-star rating by Kiplinger.com for their concise and independent evaluation in helping investors determine which financial planner is suited for their needs. The site offers free features and important tips to help consumers avoid deceptive sales practices and bad financial advice.


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