Here’s a sobering fact from a recent university research paper: “Almost half of the financial advisers fired for misconduct wind up getting similar jobs in the industry.” Specifically, “about 44 percent of advisers who leave a financial services job following disciplinary action for misconduct are hired by another firm within a year….” What percentage of U.S. financial advisers have records of fraud/misconduct? What U.S. cities have the highest rates of advisers with records of misconduct? Is going with a big firm safer than a small advisory business? And what “fast and free” resources are available to check out an adviser’s record? CLICK HERE to find out.
How Well Do You Know Your Adviser?
- by Bob Mitchell