Top 10 Questions to Ask Your Broker

Friday, September 20th, 2013

Before you turn over your hard earned cash, you need to make sure the financial advisor your dealing with is the right fit for you. There are unfortunately plenty of unscrupulous brokers out there eager to take advantage of your trust.

Here are 10 Questions you should ask your broker before agreeing to open accounts with them:

1.   Who are you registered with?

2.   What training and experience do you have? What licenses do you hold?

3.   How long have you been in the industry?

4.   How long has your firm been in the business?

5.   What other firms have you worked with in the past?

6.   Have you ever had any disputes with prior clients or been disciplined by the SEC, FINRA, or        state regulator?

7.   Are you a member of SICP? Do you have E&O insurance?

8.   What investment products can and can’t you recommend? Why?

9.   Will you make more if I buy this investment product over another?

10. Why is this investment suitable for me?

The foregoing list has been provided by The White Law Group. The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.

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