"Protect the principle" is not as difficult as it may seem.
There is a mistaken belief among many, that investors should, by default, be classified according to stereotypical risk groupings which are, at best, crude and, at worst, completely misleading.
I am firmly of the opinion that this belief should be replaced by one for which the guiding principle is that the investor is in control of the asset allocation decision.
I can not imagine the folks who get ripped off by the likes of Maddof and others...ever hear the words "due diligence?!" The National Ethics Bureau is a simple way to verify that you are talking to an established Professional Advisor with a good track record...rather than a professional con artist with an Obama smile (I couldn't resist). On that note, I wonder if the big "O" could pass their scrutiny? Do you need a birth certificate to be a member? I digress...
This is a great tool for investors to check out the backround of a potential financial advisor. I would question an advisor that is unwilling to subject themself to a complete backround check.
NEB is a great resource for consumers. An in-depth background check on a financial advisor before handing over your money is the future of all investment transactions, period.
"Protect the principle" is not as difficult as it may seem.
There is a mistaken belief among many, that investors should, by default, be classified according to stereotypical risk groupings which are, at best, crude and, at worst, completely misleading.
I am firmly of the opinion that this belief should be replaced by one for which the guiding principle is that the investor is in control of the asset allocation decision.
petripr 2 years ago
Comment removed
petripr 2 years ago
I can not imagine the folks who get ripped off by the likes of Maddof and others...ever hear the words "due diligence?!" The National Ethics Bureau is a simple way to verify that you are talking to an established Professional Advisor with a good track record...rather than a professional con artist with an Obama smile (I couldn't resist). On that note, I wonder if the big "O" could pass their scrutiny? Do you need a birth certificate to be a member? I digress...
CLFIII 2 years ago
With everything that is going on in the financial world right now I think this is a great resource for investors
pstatler1 3 years ago
This is a great tool for investors to check out the backround of a potential financial advisor. I would question an advisor that is unwilling to subject themself to a complete backround check.
hansenplan 3 years ago
NEB is a great resource for consumers. An in-depth background check on a financial advisor before handing over your money is the future of all investment transactions, period.
macdaddy1963 3 years ago