However, for most people, it is worth going to an attorney for your basic will and power of attorney. He made an appointment with a financial advisor recommended by another retiree. Unfortunately, many of the planner's clients lost considerable amounts of money. I cannot emphasize enough how important professional credentials and memberships are. When someone hangs a plaque in the office showing membership in the Better Business Bureau, it is one sign that he or she believes in the principles of ethical business practices.
Financial planners belong to professional organizations with codes of ethics.
These organizations offer their members opportunities to earn certification and provide on-going training to keep up with the latest trends and information. Although memberships are no guarantee of credible advice and ethical treatment, they are one important piece of information. For more information, contact your local Colorado State University Cooperative Extension office . Go to top of this page. Contact Cooperative Extension Web Manager .