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Trusted Social Butterfly
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Re: Peer review site for Financial Planners

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Having been an investor for almost 40 years, I would agree with both the other responses, and add something. Agree that 'peer review' really doesn't exist and that fee-based advisors are better because they have a fiduciary trust to you, not to try to push financial products of a specific company or brokerage firm.

   Keep in mind that if you're looking for financial advice, it's difficult to get a recommendation from someone else because what applies to funds, applies to advisors: "Past performance is no guarantee of future results".

   Markets have totally changed. Now, you may be looking for something other than investment advice (perhaps short/long term planning, estate planning, setting up a budget, etc.), so that gets even more complicated. 

    I would strongly advise you to learn as much as you can on your own. There is a wealth of free info out there on the net and you don't want to go pay for professional advise with absolutely no background or understanding yourself. 


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Re: Peer review site for Financial Planners

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Your best bet is to find a fee-only advisor who is a Certfied Financial Planner. You can go to NAPFA.ORG (An orginization for fee-only advisors) and cross check that with CFP.NET (An orginization for Certified Financial Planners). These organizations won't provide anything like a background check, but both have rigous requirements to allow adviors to use their credentials.

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Re: Peer review site for Financial Planners

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My experience with "peer review" for professionals, is that unless they think there are legal grounds for complaint, they don't want to say anything negative about peers.

 

Consumer Reports just ran an article, about review websites in general, and how inaccurate they are.


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Peer review site for Financial Planners

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Anyone know if there is a peer review "yelp style" site for Financial Planners?

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