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How to check an advisor's background

How to check an advisor's background

Did you realize there are more than 50 different "senior" designations currently used by financial advisors?

And according to a report by the Consumer Financial Protection Bureau, some advisors often use these designations to imply that they have advanced training or expertise in the financial needs of older consumers, but end up selling inappropriate and sometimes fraudulent products or services. To read more of this cautionary report, please click here.


And remember, to check the background of a broker or an investment advisor, you can use FINRA's BrokerCheck. You can also use the Securities and Exchange Commission's Adviser Search.

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