SEC’s Questions to Ask Financial Advisers

In October 2013, the Investor Advisory Committee to the SEC's "Investor as Purchaser" subcommittee identified the following key factors relevant to the selection of a financial adviser.     

These are very general guidelines that will get you thinking, quoted directly from the subcommittee's report.  

  • What services do you provide?
  • What and how do I pay you?
  • How are you compensated?
  • What are your conflicts of interest?
  • Are there other limitation on your services?
  • What is your professional background?
  • Are there any blemishes on your disciplinary record?
  • What is your legal obligation to me?