If you’re looking to buy or sell an asset, a lot of your decisions about it will involve your financial adviser.
But how do you know whether a broker is honest and trustworthy?
Here are three steps you can take to check if a broker has done their homework:Ask for the documentsYour financial advisor or broker can often get you the documents you need.
But don’t let that stop you from buying or selling an asset in the stock market.
A broker should include your financial advisor’s name, contact information and a brief description of the investment.
This will give you a better idea of the firm’s reputation and will help you determine if the company is a good fit.
The broker’s contact information should be easy to find, too.
Check the website of the broker you’re considering, or call them up.
Ask for a feeThe broker can be a little intimidating.
After all, they have to pay you fees to do their work.
But if you get a response saying a fee is not a problem, you can ask them to waive it.
If the broker offers to waive the fee, the response may be helpful.
The first time you ask, it’s always better to ask for a referral fee.
If you do, the broker will usually give you one of two options:You can ask for your referral fee to be waived upfront, which will lower your overall costs and improve your relationship with the broker.
The broker will then tell you about their process and they will help to negotiate a lower fee.
Or, you could ask the broker to waive your fee upfront.
This is an option that many brokers use.
But beware: This fee may not be disclosed on your request form, and the fee may be waived if you fail to contact the broker within 30 days of your initial inquiry.
For more information about how to find a good financial advisor, check out our guide on finding a good broker.
Here are a few examples of how to ask a broker for a free referral fee:What’s your experience with financial advisors?
Tell us what you think in the comments section below.