Considering Hiring a New Investment Adviser?

Earlier this week, The Wall Street Journal reported that while the four major Wall Street brokerage firms experienced an outflow of $8 billion of assets in 2008, Registered Investment Advisers brought in more than $108 billion in new assets during the same period. This activity likely reflects a shift in investor preference from transaction-based broker relationships to fiduciary relationships.

Investors generally choose to have their financial affairs handled by someone they feel they can trust. Given the financial meltdown that has taken place over the last 2+ years, it is easy to see why investors would prefer to have a fiduciary manage their investments rather than a brokerage firm that has unavoidable conflicts of interest with their clients.

If you are considering hiring an investment adviser, another Wall Street Journal article also set out some questions that investors should ask financial advisers. Every adviser-client relationship is based upon different goals, and, as a result, each investor should ask different questions when interviewing a financial adviser. However, if you are looking for a list of standard questions, this is a good place to start.

It is important to know as much as you can about your financial adviser, stockbroker, etc. You can also find information about stockbrokers by checking FINRA’s BrokerCheck website and research registered investment advisers through the SEC’s Investment Adviser Public Disclosure (IAPD) website.

The Kueser Law Firm represents investors in securities arbitration and litigation. If you are concerned that your investments have been mismanaged, please contact us to learn more about your rights.

Share

Subscribe / Share

Article by Jason M. Kueser

Jason M. Kueser has spent his legal career representing individuals, groups, and companies in litigation and arbitration. In addition, he has, and continues to represent clients in class action litigation. Jason is currently admitted to the Missouri Bar, the Kansas Bar, as well as the U.S. District Court for the Western District of Missouri, the U.S. District Court for the District of Kansas, and the Eighth Circuit Court of Appeals. In addition, he is a member of the American Bar Association, the Kansas City Metropolitan Bar Association, and PIABA (Private Investors Arbitration Bar Association). He currently serves on the editorial board of the PIABA Bar Journal. Jason has also written articles that have been published in law reviews, industry legal publications, and newspapers.
Jason M. Kueser tagged this post with: , , , , Read 26 articles by

Comments are closed

Maintained by The Kueser Law Firm

The Kueser Law Firm | Securities Arbitration Attorney | Securities Arbitration Lawyer | Missouri Securities Arbitration Lawyer | Kansas Securities Arbitration Attorney

Social Media – Follow The Kueser Law Firm

DISCLAIMER

The choice of an attorney is an important one and should not be based solely upon advertisements such as this website. Past results afford no guarantee of future results. Every case is different and must be judged on its own merits.

*Any information submitted via this website may not be secure and/or confidential. Merely contacting this firm does not establish an attorney-client relationship.

Contact The Kueser Law Firm

Mailing Address:
P.O. Box 612
Lee's Summit, Missouri 64063
Phone: 816.374.5865
E-mail: Click Here
CONTACT FORM
Your Name (required)

Your Email (required)

Phone Number (optional)

Subject

Your Message:

To eliminate spam, please type the following code in the line below and press the Send button:
captcha

RSS News – Securities Fraud

RSS SEC – Press Releases

  • Six Federal Agencies Jointly Approve Final Risk Retention Rule
     JOINT RELEASE Board of Governors of the Federal Reserve System  Department of Housing and Urban Development  Federal Deposit Insurance Corporation  Federal Housing Finance Agency  Office of Comptroller of the Currency  Securities and Exchange Commission  Joint Release Board of Governors of the Federal Reserve System Department of Housing and Urban Development Federal Deposit Insurance Corporation Federal […]
  • Office of Municipal Securities Director John Cross to Leave SEC
    The Securities and Exchange Commission today announced that John J. Cross III, Director of the Office of Municipal Securities, will leave the agency in November. Since September 2012, Mr. Cross has served as the first Director of the Office of Municipal Securities, which was established under the Dodd-Frank Act to oversee the municipal securities market.  […]
  • SEC Names Marc Wyatt as Deputy Director of National Exam Program
    The Securities and Exchange Commission today announced that Marc Wyatt has been named Deputy Director of the agency's Office of Compliance Inspections and Examinations (OCIE). Mr. Wyatt joined the SEC in December 2012 as a senior specialized examiner focused on examinations of advisers to hedge funds and private equity funds.  He also is the national […]
  • Availability of Staff Analysis on Reporting and Dissemination of Security-Based Swap Information
    The staff of the Securities and Exchange Commission today made available analyses of data on the reporting and dissemination of security-based swap transaction information.  The analyses are posted on the SEC’s website as part of the comment file for rules proposed by the SEC in November 2010, and re-proposed in May 2013, on the reporting […]
  • SEC Charges Staten Island Man With Conducting Fraudulent Offerings and Stealing Investor Funds
    The Securities and Exchange Commission today charged the operator of an online stock recommendation business with conducting several fraudulent securities offerings and siphoning some of the money raised from investors for a Caribbean vacation and plastic surgery. An SEC investigation found that Anthony Coronati, who lives on Staten Island, initially held himself out as an […]