How do you advise I research a new financial advisory firm?

I am looking to change financial advisors. The firm I'm with now constantly changes my advisor. How do I go about finding a new firm. I am not looking for your typical large firm: Schwab, Edward Jones, etc. Also, how do I research these firms?

Choosing an Advisor
Answers
Sort By:
Most Helpful
June 2017
100% of people found this answer helpful

It takes work to discover truly independent financial advisors.  They will usually be listed on finra.org which is the official federal registry of registered financial advisors; you can check those in your area and see which ones have the best long-term records with the fewest complaints by their clients.  Many large institutions will tend to recommend nearly identical asset allocations for their clients to minimize lawsuits and to guarantee steady compensation for their employees rather than to maximize your long-term after-tax returns which should be your advisor's goal.

June 2017
June 2017
June 2017
June 2017