Safeguarding Your Money

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I’m often asked if investors should trust their financial advisors. And my short answer, you may be surprised to hear, is “No.” Given all the greed and deceit in the world of financial services you shouldn’t have to trust your financial advisor.

Here is a list of eight safeguards that should be in place to help safeguard your money:


Safeguard #1:
Do Not Allow Your Advisor to Have Custody of Your Investments

Safeguard #2:
Walk Away from “Too Good to Be True”

Safeguard #3:
Insist on Publicly Priced and Traded Investments

Safeguard #4:
Buy Investments That Trend Upward

Safeguard #5:
Understand Your Investment Strategy

Safeguard #6:
Recognize And Avoid Financial Hooks

Safeguard #7:
Avoid Investment Advisors Who Sugarcoat Reality

Safeguard #8:
Avoid an Advisor with a Lavish Lifestyle

You Deserve a Fiduciary Standard of Care
Here is an article on how to understand the difference between a fiduciary standard of care and a suitability standard.

Ten Questions to Ask a Financial Advisor
Here are ten questions you should ask any prospective financial advisor.
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David John Marotta is the Founder and President of Marotta Wealth Management. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. Favorite number: e (2.7182818…)