Not just from the recent past but look at five and ten year performance. The best funds hold their own against the competition, even when there s a setback in the market. That s when good professional management really counts. There are magazines that publish these performance ratings. Financial Planners Financial planners are a new type of financial institution that s emerged in recent years, and with their swift rise in the profession, have come an equally swift rise in abuse.
Laws governing financial planners vary from state to state.
Virtually anyone can call himself a financial planner with our without credentials, education or scruples. Luckily, more and more universities are offering programs in financial planning. The Institute of Certified Financial Planners based in Denver offers a course leading to a certified financial planner designation. Still, it s up to you, the consumer, to research the education and licensure of any financial planner you may choose. Look at education, licensure, and ask to speak to other clients.