Ask Your Advisor These Frequently Asked Questions - FAQ

The US Securities and Exchange Commission, the nation's top cop in the securities industry, offers "some questions to ask before hiring an investment professional." Verbatim, here's the list:

--Are you licensed with the states or SEC?

--Do you have disciplinary problems on file with the NASD or states?

--How are you compensated?

--What is your relevant experience as a financial professional?

--What kind of special education or training have you received?

--How would you describe your investment philosophy?

--Do you understand my financial goals and risk tolerance?

--What other clients do you have whom I could speak to?

--What kind of periodic reports on my money should I expect from you?

This is just one example of the useful advice the SEC offers on how to pick an investment professional.