Being famous provides no protection from being ripped off by a financial broker.
Investment recommendations must be in the best interest of the client — that does not mean the option with the least fees.
My husband and I have been interviewing financial advisers. We were just about to make a decision when we ran the names of the two top contenders through FINRA BrokerCheck. FINRA is an acronym for the Financial Industry Regulatory Authority, a voluntary association that oversees about 630,820 registered securities representatives. Anyone can use BrokerCheck to