My financial adviser has quite a few credentials. Does that mean he has
more experience and knowledge than other financial professionals?
You should not base your decision to hire a financial adviser solely on
his credentials. The Financial Industry Regulatory Authority (FINRA) reports
that there are at least 95 different professional designations for financial
advisers, but the Wall Street Journal has found 115 others that are not
tracked by FINRA.
Before entrusting your money with a financial adviser, look into his or
her background and experience. You can use
FINRA's BrokerCheck and can also look into the requirements needed to obtain whatever financial
credentials are being used.
You can learn more by reading our article, The Truth About Financial Designations Revealed.
If you have lost money due to broker misconduct or
investment fraud, contact an experienced
securities arbitration attorney at our office by calling or filling out our
Watch the video below to hear Attorney Courtney Werning explain more about