How well do you know your financial adviser?

Assuming you wouldn’t hand over your house key to a stranger on the street, why turn over critical financial decisions to someone you don’t know very well?  If you decide to hire a financial adviser based solely on “feel,” rather than their experience, expertise, and disciplinary background, you might as well have handed over the key to the next passerby. While personality, style and overall “fit” should play a role in choosing a financial adviser, make sure and do your research using a few key documents to fully understand the adviser’s business practices and avoid the regret that comes with making the wrong decision. Every year at this time, advisers across the country are reviewing and revising their Firm Brochure Part 2A Form ADV, Firm Brochure Supplement Part 2B Form ADV, Privacy, Confidentiality and Proxy Voting Disclosures.  These documents describe the firm’s business practices, its key employees and their credentials.  They also serve as annual updates to the various regulatory agencies that oversee the financial services industry. For individuals seeking an adviser or considering a change to a current relationship, Read on! →