SERIES: YOU Answer The Question – Part 5

Welcome to the latest series – YOU Answer The Question!

One thing that I love about traveling and teaching about finances is that I learn so much from the people I meet!

So here is how this series works.  I will share a question that has been sent in to me, and YOU Answer The Question!

QUESTIONHow do I find an investment advisor I can trust?

Share Your Answer!

Do you have a question of your own?  Ask me HERE!


  1. Gail on June 13, 2008 at 9:35 am

    This is a tough question to answer. You need to find someone who is passionate about what they do. Don’t be afraid to check references, in fact ask the person directly for them. Or ask friends & neighbors for a referral- who do you use, have you ever had ANY problems at all with them?

    My mom had a guy that she really trusted for awhile. He ended up going independent, & I’m not really sure what happened in the end. I know he did help her make some good financial decisions & put some money away for retirement & she really didn’t start until her 50’s maybe?

    Never be afraid to do your own research. In a world where life is so busy & many of us have become complacent in that it makes it tough. But if you are willing to do your own research & ask questions, make sure the answers you are getting are lining up with what you’ve found.(kind of like the Bible!)If they don’t ask why or how the person arrived at their info.

  2. Terry Whitesides on June 13, 2008 at 7:10 pm

    Always look around and check folks you trust who are investors. Most importantly look for those who are making money at it! Interview them and see who they have helping them!
    It is most important to share your desires with the person you choose, how aggressive you want to be or moderate. If you are starting out young then you can afford to be somewhat aggressive. Most importantly, DIVERSIFY! Never put all your eggs in one basket.
    Ask about the philosofy of the person you are thinking about going with. Ask, Ask, Ask!
    When you get all the information you can, take it to the Lord and seek His wisdom, as He is the best investor there is! Good luck and God Bless you on your journey. It is most satisfying enjoying a good relationship with a financial counselor/investment adviser! Terry.

  3. chris on June 15, 2008 at 5:13 am

    This has got to be one of the toughest questions.

    I have seen news articles where respected and trusted advisers have been involved with various scams that have lost entire portfolios for their clients. And some of their clients were well respected folks that if you were going to ask for mentoring guidance, those would be the folks you would seek out.

    This is going to sound terribly cynical, but you can’t count on them being Christians. As a matter of fact, in the secular world, the prevailing thought is if they claim to be Christians… And that’s sad.

    You can’t always count referrals because often the person making the referral has no real idea whether the adviser is solid or not. You can’t count on someone who appears nice. I’ve seen too often where someone has worked with someone that has been screened and endorsed only to find that they’ve been lead down a primrose path. But the client thought they were a good teacher and adviser because they were nice.

    I’m at a loss, really. What would Joe recommend?

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