2006-12-27 08:05:03 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
I would have a high standard for the company first; the investment manager is a reflection of that corporation. You can't go wrong with the big names... Merrill Lynch, AG Edwards, Prudential, etc. You CAN go wrong big-time with little-known outfits or one-man operations. I knew an investment broker who had a supposedly great track record for over 20 years... but it was discovered that he was selling unregistered securities and using other investor funds to pay the interest on those securities. Needless to say... people lost large portions of their money (thankfully, the government was able to sue him and force him to sell his home and other assets to pay the investors at least something.) So, be wary of the small timers... sometimes those bigger fees at the major brokerages will help you sleep better at night.
2006-12-27 12:26:15 · answer #1 · answered by Mike S 7 · 1⤊ 0⤋
check credentials, past history, better business bureau, etc....always check, check, check, before letting any money go... good luck
The Emperor has spoken.....
2006-12-27 16:10:40 · answer #2 · answered by The Emperor of Ecstasy 5 · 0⤊ 1⤋