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1734: 8 Secrets Your Broker Won't Tell You (and Why You Need to Know Them) by Jeff Rose of Good Financial Cents

Optimal Finance Daily - Financial Independence and Money Advice

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Eight Secrets Your Broker Won't Tell You

A broker is not obligated to tell you if there's anything on his or her record, and why should they? 70 % of prospective clients do not do a background check on the broker before hiring them. With a broker, you're dealing with a sales person who may or may not have your best interest in mind. On the other hand, registered investment advisers are legally obligated to put their clients interests first at all times.

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