Friday, July 11, 2014

Do You Trust Your Broker?

These days, there are a lot of brokerage services, and thus, a lot of brokers working in the industry. With so many brokers, it’s often tempting to just pick the first one you run across, without really giving a lot of thought to whether you’re choosing the best one to meet your needs or not. 


While it’s ultimately up to you to decide how you feel about your broker, there are a couple of things you’ll want to consider and think about. To begin with, consider the fees you pay your broker. It’s normal, of course, to have to pay broker fess, but are you paying too much? Furthermore, are you aware of what all of your fees are for? If your broker has been less-than-clear on why you pay what you pay and/or if his or her fees are more than the industry average, it might be a good idea to start looking at other options.

Likewise, you need to be aware of your broker’s performance rating, a rating of how successful his or her investments have been. If your broker doesn’t already make the rating clear or shies away when you ask to see it, start shopping for a new broker. You deserve to be “in the know” about your broker and his or her professional success.


If you are in need of new brokerage services, know that you can find the very best brokers in the business at Platinum Financial Associates, Inc. of Naperville.

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