Michael Pompian, CFA, CFP® is a Saint Louis area financial advisor who came up with the classifications for his various clients as an attempt to help him better serve those clients (Pompian, Michael, “Behavioral Finance and Investor Types,” Private Wealth Management, 2012 CFA Institute, pages 1-3). His thought was that if he understood who each client was, he could deliver improved investment results as well as help solidify client relationships. His stratification . . .
10 questions to ask before you hire financial advisor!
Author: John O'Brien, CFP
Release Date: 1/18/16
1. Ask for five references. Three references should be current clients, and two references should be from other professionals like an accountant or banker. There are three reasons for the professional references. First, any person in business should have at least three satisfied clients they can provide you with, therefore, client references alone may not be enough.
Second, if a planner cannot produce two other . . .