Checking your Broker's Background just got easier.

FINRA, the regulatory authority overseeing broker/dealer community, unveiled a new version of Broker/Check.  This is a database which keeps track of work history and disciplinary actions of the broker/dealers that it oversees.  If you use a broker (Edward Jones, LPL Financial, Ameriprise, Metlife, Wells Fargo Advisors, and Raymond James just to name a few) take a look at their regulatory history, you may be surprised by what you find.  

Just for fun, I ran a search on the infamous broker Bambi Holzer.  She was the broker to many Hollywood stars and has quite a history of "Disclosure Events."  You can read her 115 page report by clicking on the big red "Get Detailed Report" button in the top of the site.  But I digress, the point is to make sure you know who you are working with.  Stick with Fee-Only and make sure they are a Fiduciary. This means they are held to a higher standard of care when compared to a Broker/Dealer.  

It's so simple everyone should do it!  To run your own search use the link below.