How to Vet a Client's Investment Advisors

The investment industry demands, by regulation, that an advisor a client before making any recommendations. But most firms make satisfying that requirement too easy. All a client need do is fill out an account-opening form and, maybe, answer a handful of generic questions. And, voil, the investment professionals supposedly know all they need to provide sound advice. It's not quite that simple and

The investment industry demands, by regulation, that an advisor “understand” a client before making any recommendations. But most firms make satisfying that requirement too easy. All a client need do is fill out an account-opening form and, maybe, answer a handful of generic questions. And, voilá, the investment professionals supposedly know all they need to provide sound advice.

It's not quite that simple and one size certainly does not fit all — es

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