If you are planning to employ the services of a professional to help you manage your portfolio, you need to know that not all financial advice is regulated in the same manner.
For example, commissioned brokers operate on a different standard than do Registered Investment Advisors. Since I am a fee-only investment advisor, I definitely have a bias as to what I believe is most appropriate for the investing public.
So what is the difference in terms of regulations and how might it affect you?
Just yesterday I came across an article called “How All Financial Advice is Not Regulated the Same.” It’s a well written piece that will thoroughly enhance your understanding about this important topic and will help you better decide which type of financial service professional is right for you.
You can read the full article at:
http://business.mainetoday.com/financialsense/010910.html
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