{"id":7074,"date":"2016-02-29T07:55:24","date_gmt":"2016-02-29T15:55:24","guid":{"rendered":"http:\/\/blog.paladinregistry.com\/?p=7074"},"modified":"2016-02-29T07:55:24","modified_gmt":"2016-02-29T15:55:24","slug":"how-to-know-if-your-financial-advisor-is-a-real-investment-expert","status":"publish","type":"post","link":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/","title":{"rendered":"How to Know if Your Financial Advisor is a Real Investment Expert"},"content":{"rendered":"<p>What does it mean if your current advisor is not a real investment expert? It means your advisor mislead you.\u00a0What should you do <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.paladinregistry.com\/advisors-planners\/overview\" target=\"_blank\">the next time a financial advisor says, \u201cI am a trustworthy financial expert<\/a><\/span><\/strong>?\u201d\u00a0You say, \u201cI want documented proof your sales claims are true.\u201d You know from experience that you can put more trust in what you see versus what you hear.<\/p>\n<p><strong>Sales Tactics<\/strong><\/p>\n<p>Why do financial advisors make undocumented sales claims? In a nutshell, the claims help them sell financial products:<\/p>\n<ul>\n<li>They tell investors what they want to hear<\/li>\n<li>Very few investors demand proof for sales claims<\/li>\n<li>The claims are verbal making them easy to deny later<\/li>\n<li>The truth can cost them business<\/li>\n<\/ul>\n<p><strong>Mandatory Disclosure<\/strong><\/p>\n<p>You may be wondering how advisors get away with unsavory sales tactics?<\/p>\n<p>Wall Street has spent millions of dollars making sure advisors do not have mandatory disclosure requirements when they sell financial products to investors.\u00a0This makes you responsible for asking the right questions and knowing good answers (benefit you) from bad ones (create hidden risks).<\/p>\n<p>This is a winning strategy for Wall Street. Less than 10% of investors know how to determine the quality of financial advisors (Source: <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.paladinregistry.com\/\" target=\"_blank\">Paladin Research<\/a><\/span><\/strong>).<\/p>\n<p><strong>Game Changer<\/strong><\/p>\n<p>You already have access to a game changing service. You can use the Internet to research information that validates the advisor\u2019s knowledge and ethics.\u00a0You are no longer dependent on information that is controlled by financial advisors.\u00a0You make informed decisions when you have all of the facts.<\/p>\n<p><strong>Validate Knowledge<\/strong><strong>\u00a0<\/strong><\/p>\n<p>How does an advisor prove he or she is a real financial expert?\u00a0They do not have track records. References can be coached to make the right statements. Plus, no advisor will give you a bad reference.<\/p>\n<p>Your best choice is to use the Internet to find information that validates the advisors\u2019 claims for their education, experience, certifications, and ethics.<\/p>\n<p><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.paladinregistry.com\/research\/credentials-financial-certifications\" target=\"_blank\">Do not assume all degrees and certifications are legitimate.<\/a><\/span><\/strong> Unethical advisors buy fake credentials so they look more knowledgeable than they really are.<strong>\u00a0<\/strong><\/p>\n<p><strong>Key Words for Ethics<\/strong><strong>\u00a0<\/strong><\/p>\n<p>Enter the advisor\u2019s name and the firm name in Google with several combinations of key words that will help you find the information you need to make the right selection decisions.<\/p>\n<p>For example, John Smith or Acme Financial plus keywords: Fraud, lawsuit, complaint, arbitration, bankruptcy, foreclosure, scam, fine, Ponzi scheme, termination, and suspension.<\/p>\n<p><strong>Third Party Information<\/strong><\/p>\n<p>Financial advisors do not always provide the most accurate information. They have an inherent conflicts of interest \u2013 they have to sell you products to make money.<\/p>\n<p>Your best sources are third parties that are not trying to sell you financial advice, services, or products. For example:<\/p>\n<ul>\n<li>Go to <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.paladinregistry.com\/about\/about-us\" target=\"_blank\">PaladinRegistry.com\/About<\/a><\/span><\/strong> Advisors to find free information that will help you select a real expert<\/li>\n<li>Go to <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.FINRA.org\" target=\"_blank\" rel=\"nofollow\">FINRA.org<\/a><\/span><\/strong> to view the advisors\u2019 records of compliance<\/li>\n<li>Go to <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.SEC.gov\" target=\"_blank\" rel=\"nofollow\">SEC.gov<\/a><\/span><\/strong> to view advisor ADVs<\/li>\n<li>Visit advisor websites to obtain additional information<\/li>\n<li>Check the media for applicable information<strong>\u00a0<\/strong><\/li>\n<\/ul>\n<p><strong>Get the Facts<\/strong><\/p>\n<p>By now you have probably figured out that financial industry regulatory agencies are not going to protect you from unscrupulous financial advisors. You are going to have to protect your own financial interests.<\/p>\n<p>The more you know the better prepared you are to protect those interests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What does it mean if your current advisor is not a real investment expert? It means your advisor mislead you.\u00a0What should you do the next time a financial advisor says, \u201cI am a trustworthy financial expert?\u201d\u00a0You say, \u201cI want documented proof your sales claims are true.\u201d You know from experience that you can put more trust in what you see versus what you hear. Sales Tactics Why do financial advisors<\/p>\n","protected":false},"author":2,"featured_media":7080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[325],"tags":[],"class_list":["post-7074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advisors"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Know if Your Financial Advisor is a Real Expert<\/title>\n<meta name=\"description\" content=\"What should you do the next time a financial advisor says, \u201cI am a trustworthy financial expert?\u201d You say, \u201cI want documented proof of your sales claims.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Know if Your Financial Advisor is a Real Expert\" \/>\n<meta property=\"og:description\" content=\"What should you do the next time a financial advisor says, \u201cI am a trustworthy financial expert?\u201d You say, \u201cI want documented proof of your sales claims.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/\" \/>\n<meta property=\"og:site_name\" content=\"Paladin Registry Blog\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/PaladinRegistry\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-29T15:55:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2016\/02\/Financial-Advisor-real-expert.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jack Waymire\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PaladinRegistry\" \/>\n<meta name=\"twitter:site\" content=\"@PaladinRegistry\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jack Waymire\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/\",\"name\":\"How to Know if Your Financial Advisor is a Real Expert\",\"isPartOf\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2016\/02\/Financial-Advisor-real-expert.jpg\",\"datePublished\":\"2016-02-29T15:55:24+00:00\",\"dateModified\":\"2016-02-29T15:55:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/4f94af521e23212d5ffd08618ecb46c0\"},\"description\":\"What should you do the next time a financial advisor says, \u201cI am a trustworthy financial expert?\u201d You say, \u201cI want documented proof of your sales claims.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#primaryimage\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2016\/02\/Financial-Advisor-real-expert.jpg\",\"contentUrl\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2016\/02\/Financial-Advisor-real-expert.jpg\",\"width\":620,\"height\":360,\"caption\":\"Accountant steal money from petty cash funds all the time\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.paladinregistry.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Advisors\",\"item\":\"https:\/\/www.paladinregistry.com\/blog\/category\/advisors\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"How to Know if Your Financial Advisor is a Real Investment Expert\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#website\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/\",\"name\":\"Paladin Registry Blog\",\"description\":\"Helping You Make Better Financial Decisions\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.paladinregistry.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/4f94af521e23212d5ffd08618ecb46c0\",\"name\":\"Jack Waymire\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-16-at-8.06.55-AM-96x96.png\",\"contentUrl\":\"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-16-at-8.06.55-AM-96x96.png\",\"caption\":\"Jack Waymire\"},\"description\":\"Jack Waymire worked in the financial services industry for 28 years before he left to found the Paladin Registry (www.PaladinRegistry.com) in 2004. This investor education website was based on the Principles in Jack\u2019s first book: \\\"Who\u2019s Watching Your Money?\u00a0The 17 Paladin Principles for Selecting a Financial Advisor.\\\" Jack is also the co-author of \\\"5 Steps for Selecting the Best Financial Advisor (How the Internet has changed the game for investors and advisors)\\\". Beginning in 2004,\u00a0Paladin began vetting and documenting advisor credentials, ethics, business practices and services for investors. The Registry also has a free service that matches investors to advisors who meet Paladin\u2019s minimum requirements for competence and trustworthiness.\",\"sameAs\":[\"https:\/\/www.paladinregistry.com\",\"https:\/\/www.facebook.com\/PaladinRegistry\",\"http:\/\/www.linkedin.com\/in\/jackwaymire\",\"https:\/\/x.com\/PaladinRegistry\"],\"url\":\"https:\/\/www.paladinregistry.com\/blog\/author\/jack-waymire\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Know if Your Financial Advisor is a Real Expert","description":"What should you do the next time a financial advisor says, \u201cI am a trustworthy financial expert?\u201d You say, \u201cI want documented proof of your sales claims.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/","og_locale":"en_US","og_type":"article","og_title":"How to Know if Your Financial Advisor is a Real Expert","og_description":"What should you do the next time a financial advisor says, \u201cI am a trustworthy financial expert?\u201d You say, \u201cI want documented proof of your sales claims.","og_url":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/","og_site_name":"Paladin Registry Blog","article_author":"https:\/\/www.facebook.com\/PaladinRegistry","article_published_time":"2016-02-29T15:55:24+00:00","og_image":[{"width":620,"height":360,"url":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2016\/02\/Financial-Advisor-real-expert.jpg","type":"image\/jpeg"}],"author":"Jack Waymire","twitter_card":"summary_large_image","twitter_creator":"@PaladinRegistry","twitter_site":"@PaladinRegistry","twitter_misc":{"Written by":"Jack Waymire","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/","url":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/","name":"How to Know if Your Financial Advisor is a Real Expert","isPartOf":{"@id":"https:\/\/www.paladinregistry.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#primaryimage"},"image":{"@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#primaryimage"},"thumbnailUrl":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2016\/02\/Financial-Advisor-real-expert.jpg","datePublished":"2016-02-29T15:55:24+00:00","dateModified":"2016-02-29T15:55:24+00:00","author":{"@id":"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/4f94af521e23212d5ffd08618ecb46c0"},"description":"What should you do the next time a financial advisor says, \u201cI am a trustworthy financial expert?\u201d You say, \u201cI want documented proof of your sales claims.","breadcrumb":{"@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#primaryimage","url":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2016\/02\/Financial-Advisor-real-expert.jpg","contentUrl":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2016\/02\/Financial-Advisor-real-expert.jpg","width":620,"height":360,"caption":"Accountant steal money from petty cash funds all the time"},{"@type":"BreadcrumbList","@id":"https:\/\/www.paladinregistry.com\/blog\/advisors\/how-to-know-if-your-financial-advisor-is-a-real-investment-expert\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.paladinregistry.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Advisors","item":"https:\/\/www.paladinregistry.com\/blog\/category\/advisors\/"},{"@type":"ListItem","position":3,"name":"How to Know if Your Financial Advisor is a Real Investment Expert"}]},{"@type":"WebSite","@id":"https:\/\/www.paladinregistry.com\/blog\/#website","url":"https:\/\/www.paladinregistry.com\/blog\/","name":"Paladin Registry Blog","description":"Helping You Make Better Financial Decisions","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.paladinregistry.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/4f94af521e23212d5ffd08618ecb46c0","name":"Jack Waymire","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.paladinregistry.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-16-at-8.06.55-AM-96x96.png","contentUrl":"https:\/\/www.paladinregistry.com\/blog\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-16-at-8.06.55-AM-96x96.png","caption":"Jack Waymire"},"description":"Jack Waymire worked in the financial services industry for 28 years before he left to found the Paladin Registry (www.PaladinRegistry.com) in 2004. This investor education website was based on the Principles in Jack\u2019s first book: \"Who\u2019s Watching Your Money?\u00a0The 17 Paladin Principles for Selecting a Financial Advisor.\" Jack is also the co-author of \"5 Steps for Selecting the Best Financial Advisor (How the Internet has changed the game for investors and advisors)\". Beginning in 2004,\u00a0Paladin began vetting and documenting advisor credentials, ethics, business practices and services for investors. The Registry also has a free service that matches investors to advisors who meet Paladin\u2019s minimum requirements for competence and trustworthiness.","sameAs":["https:\/\/www.paladinregistry.com","https:\/\/www.facebook.com\/PaladinRegistry","http:\/\/www.linkedin.com\/in\/jackwaymire","https:\/\/x.com\/PaladinRegistry"],"url":"https:\/\/www.paladinregistry.com\/blog\/author\/jack-waymire\/"}]}},"_links":{"self":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts\/7074"}],"collection":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/comments?post=7074"}],"version-history":[{"count":4,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts\/7074\/revisions"}],"predecessor-version":[{"id":7081,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/posts\/7074\/revisions\/7081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/media\/7080"}],"wp:attachment":[{"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/media?parent=7074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/categories?post=7074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paladinregistry.com\/blog\/wp-json\/wp\/v2\/tags?post=7074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}