http://www.investorwatchdog.com/ask-tough-questions-before-choosing-a-financial-planner Timely financial educational resource information is your best defense against investment schemes & scams Mon, 01 Feb 2010 19:17:40 -0800 http://wordpress.org/?v=abc hourly 1 http://www.investorwatchdog.com/ask-tough-questions-before-choosing-a-financial-planner/comment-page-1#comment-827 Michael Chamberlain Wed, 08 Jul 2009 00:19:00 +0000 http://www.investorwatchdog.com/?p=1104#comment-827 Nice piece except I strongly disagree with #6 References. To begin with, an advisor might have 100 clients, 90 of which think the advisor did a terrible job, 7 thought it was okay and three thought the advisor did a great job. If the advisor gave potential clients the names of those three, it would not represent the likelihood of a positive experience. Secondly, such referrals could leave lead to an testimonial which to my understanding is prohibited. Please see the following from the SEC; Nice piece except I strongly disagree with #6 References.
To begin with, an advisor might have 100 clients, 90 of which think the advisor did a terrible job, 7 thought it was okay and three thought the advisor did a great job. If the advisor gave potential clients the names of those three, it would not represent the likelihood of a positive experience.
Secondly, such referrals could leave lead to an testimonial which to my understanding is prohibited.
Please see the following from the SEC;

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