An individual or organization employed by a person or establishment to manage belongings or present investment advice. For those who select to rely solely on a dealer, be sure the firm has appropriate info concerning your monetary situation and funding aims and that the agency and dealer totally understand your limits on risk. Different resources are available on this matter by way of the Web, such because the Securities and Exchange Fee's Cold-Calling Web web page, and information from FINRA about Telemarketing Rules to protect buyers.
Watch out for sales pitches that make exaggerated claims concerning the anticipated profitability of a specific funding, or make specific worth predictions, corresponding to, "your money will double in six months." If it sounds too good to be true, it normally is.
Charge advisors declare that their advice is superior because it has no conflict of curiosity Commission-primarily based compensation, they argue, can compromise an advisor's integrity, affecting the choice or recommendation of products (some firms might compensate the advisor higher than others).
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