Investors can save themselves a lot of grief by doing their homework. Before agreeing to use an investment professional’s services, visit BrokerCheck to look for previous customer complaints, as well as criminal and regulatory disclosures. The Financial Industry Regulatory Authority (FINRA) maintains a public record of customer allegations, as well as investment-related convictions, investment-related civil judgements, and regulatory actions.…

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Financial advisers make money two ways: Charging fees to offer their (supposedly) expert advice, and by earning commission on the financial products they sell. Financial advisers are required to act in their client’s best interest, but unfortunately, many financial advisers give self-serving advice, to the detriment of their client’s portfolio. Financial advisers usually charge one of…

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