Who Can I Trust? Category

Every investor wants a competent financial advisor they can trust. But, how do you measure the trustworthiness of advisors? You should select advisors who provide documentation that proves they have no compliance problems, they are Registered Investment Advisors or Investment Advisor Representatives, they are acknowledged fiduciaries, and they work for fees.

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (88) | February 9, 2010 | Conflicts of Interest, Wall Street Ethics, Who Can I Trust?

Wall Street is counting on the short-term memories of millions of investors who need their services so it can return to business as usual.
Two times in the past decade Wall Street greed and incompetence created trillions of dollars of losses for investors. You might think investors would be fed up and pull their assets [...]

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (88) | October 22, 2009 | Financial Advisors, Who Can I Trust?

A lot of investors say they want independent advice, but when queried, very few investors can tell us what that type of advice that is.
48.2% of investors believe independent advice comes from financial advisors who are not employed by big Wall Street firms. They believe advice from Wall Street advisors is tainted because their firms need rising revenues and [...]

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (88) | October 22, 2009 | Deceptive Sales Practices, Who Can I Trust?

One of the more deceptive sales tactics out there is the FREE LUNCH. Financial advisors invite investors to educational seminars that include a free lunch or dinner. This sounds benign enough, but it is a popular sales tactic that low quality financial advisors use to meet investors.
Advisors can’t sell you investment or insurance products until they meet you on [...]

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (88) | September 30, 2009 | Wall Street Ethics, Who Can I Trust?

Imagine how much better it would be for investors if they met with financial advisors and the first document they received contained proof for identity, licensing, years of experience, education, certifications, compliance record, compensation, and potential conflicts of interest.
Every advisor in America could provide this information tomorrow, but do not hold your breath. Wall Street [...]

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (88) | September 8, 2009 | Deceptive Sales Practices, Who Can I Trust?

The most dangerous financial advisors out there are the ones who have developed positive relationships with investors by meeting their expectations then turn bad. What does that mean exactly?
You have used the services of an advisor for years and you have been happy with the results. There is a good chance you have a personal [...]

By: Evor VattuonecloseAuthor: Evor Vattuone Name: Evor Vattuone
Member: Member Paladin
Quality Rating:
Email: evor@aspire.biz
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=2758
About: See Authors Posts (3) | July 29, 2009 | Illegal Schemes & Scams, Ponzi Schemes, Who Can I Trust?

The Affinity Group
Alarming numbers of new scams are being originated from what are called “affinity groups”.  These are groups of people with similar values, lifestyles and/or ethnic identities, such as churches and women’s or senior groups. Predators use the most respected members of affinity groups to gain access to their constituents – and their built-in [...]