How to Find an Investment Counselor

Video Transcript

"This is financial adviser Patrick Munro, talking about how to find an investment counselor. Basically, what you need to do when you're looking for an investment counselor, is find an individual, that is a member of the Better Business Bureau. That is key, because you want someone that hasn't lost someone money, and as a result, has some conflicts, in their practice. When you go to see an investment counselor, make sure that they take time to know you first, before selling you something. This would mean that they're looking to do an appropriate evaluation, of where you are first, and then take the dutiful time as an investment counselor, to show you an appropriate product. In other words, avoid salesmen. Look for the investment adviser, as someone who had a series of purposeful meetings. The best way to find, is a fact finding meeting initially, followed up by a solutions meeting, that you would have, where he presents you some solutions. Be mindful that that individual doesn't try to pressure you to buy, even in the second meeting, and you take time to evaluate his recommendations, as you did evaluate him in the first meeting, then you're working with someone who has your best interests at heart. This is financial adviser Patrick Munro, talking about how to choose an investment counselor."