Quote:
Originally Posted by Fuzz
Not con artists. Registered, legitimate advisors in reputable agencies. Come now, you must know this happens in your industry occasionally. There are plenty of news stories over the years.
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A couple of things:
Ask if your money is kept at a separate brokerage. In other words, your FA does not keep your money. He only manages your money. The brokerage provides your performance statements.
Ask if they require your consent for any investment changes.
This keeps the Bernie Madoff situation from happening.