PMIdentity Offers Tips to Guard Against Crooked Financial Advisors

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Keeping Financial Woes Down Means Keeping that Guard up, says PMIdentity

Keeping Financial Woes Down Means Keeping that Guard up, says

PMIdentity, a leading security and privacy membership program from Adaptive Marketing LLC®, understands that potential financial problems are about par for the course these days. And beyond all the troubles on Wall Street, throughout the housing market, and across the entire business landscape, there are plenty of other ways to find money trouble.

As a case in point, take the world of financial advisors: Sure, there are plenty of legitimate, hard-working individuals out there who can help ease financial worry, but for every one of them, there may be many more tricksters, fourflushers, and con artists.

In fact, it's a sad reality that many people would rather make a living cheating others. That's why it pays to keep that financial guard up at all times. PMIdentity has put together a list of ways to keep those crooked financial types in check, so they don't make financial times any tougher than they already are.    

-- Run a check on 'em. One of the biggest advantages modern technology affords us is overall access to information. With websites that can pinpoint everything from people's exact addresses to instant access to bank records and virtually everything in between, it's fairly easy to determine who's a legitimate financial advisor … and who's not. For example, to find the number of the securities administrator by state, consult a local telephone book -- or call the main office in Washington, DC, at (202) 737-0900.    

-- Just say "no." Like most business-oriented opportunities, investment scenarios usually involve some risk. Just make sure those risks are worth the potential rewards. If an investor paints a picture that seems too good to be true, it probably is. When in doubt, say "no." (Financial advisors who promise the moon should automatically raise a red flag.)    

-- Read, listen, and learn. Self-education on financial matters is key. If investment language reads a lot more like "Greek" than anything else, start brushing up on financial terms. After making an investment, go over the account statement(s) with a fine-tooth comb. And remember: A skilled financial cheat is always an opportunist. Don't fall asleep at the "financial wheel."    

-- Make like Big Brother. Famous 20th-century author George Orwell made the term "Big Brother" a household name; Big Brother was sort of an "eye in the sky" of sorts in Orwell's foreboding masterpiece, 1984. Take the same approach when it comes to overall financial concerns and potential investment scenarios. Keep notes on all financial conversations and meetings, and keep detailed records on those doing the advising and calling the shots.

Take heed of these important watchwords: Financial advisors can come in all shapes and sizes, and not all of them paint clear financial pictures, reminds PMIdentity.

Privacy Matters Identity (SM) is a leading membership discount program offered by Adaptive Marketing LLC®. Headquartered in Norwalk, Conn., Adaptive Marketing is a category leader in membership programs, bringing value direct to consumers through an array of benefits in healthcare, discounts, security, personal property and personals. Members may access their benefits at With broad online and offline distribution capabilities, Adaptive Marketing offers its corporate client partners effective tools to enhance market presence, strengthen customer affinity and generate additional value through programs such as Privacy Matters Identity.

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