Do You Really Know Your Investment Professional? Modest Money1 Comment

Since 2001, advisory services within the financial services industry have exploded. This trend was magnified after the housing crash and subsequent recession of 2008. More and more people have decided that they need at least some help with managing their finances. Therefore, many people have turned to investment professionals.

Broadly speaking, we think this is a good thing. People who become experts in a skill typically perform better than non-experts. While we consider ourselves decent painters and have painted our own home several times, we can spot the work of an expert.

That said all professionals aren’t cut from the same cloth. Just as there are quality professionals in any given field, there are questionable professionals and those who simply want to make a quick buck.

A History of Self-Regulatory Oversight

The financial services industry is highly regulated. This has been the case since the market crash of 1938. After that tumultuous crash and subsequent recession, Congress created the Security & Exchange Commission, better known as the SEC.

About that time, two self regulatory bodies, the National Association of Securities Dealers (NASD) and the New York Stock Exchange (NYSE), were formed. These bodies required membership and provided regulatory oversight of brokerages and brokers who…

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By : Adam | 27 Nov 2014
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Recommended Online Forex Trading Resources

By : Adam | 26 Nov 2014

Forex market is a type of trading wherein you can trade by selling or buying currencies as you do with commodities or stocks. Foreign exchange or Forex trading is a market that deals in a huge amount of money on a daily basis to the …

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Become a Great Investor in 3 Easy Lessons

By : Adam | 25 Nov 2014

This is a guest post by Mike, aka The Dividend Guy. He authors The Dividend Guy Blog since 2010 and manages portfolios at Dividend Stocks Rock. He is a passionate investor. If interested in submitting a guest post please read my guest post policy and …

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Find the Best Finance Education in Manchester

By : Adam | 19 Nov 2014

It’s almost the end of 2014 and students everywhere are finally turning their minds away from high school and looking forward to what’s to come at college. If you’re one of those students that has settled on doing a business degree, then your next choice …

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