Heads Up: Watch Out for Red Flags

April 2009
Journal of Financial Planning;Apr2009 Independent Broker-Dealer, p5
Academic Journal
The article reports on items that should be examined before a business or individual hires a independent broker-dealer, a type of financial planner, investment adviser and stock broker, not associated with a larger financial services organization. The article advises that users of independent broker-dealers avoid agreeing to the establishment of an account revenue minimum. Also under discussion are the drawbacks presented by brokers that clear their transactions through a limited number of financial clearinghouses. Would-be investors are also advised to be told of all fees in advance.


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