How to Check Out an Adviser

Q: I am considering hiring an investment adviser to handle a portion of my portfolio. Is there a way to check on whether any complaints have been filed against the adviser?

A: That's a great question. Too many people take the adviser's word for it and don't check out his or her records first. In fact, a recent survey by the Financial Industry Regulatory Authority found that 65% of seniors did not check the registration status of a broker and 78% did not check a broker's background for any broken laws or violations...

Kiplingers: How to Check Out an Adviser