Are You Getting Independent and Objective Investment Advice?

In practice it can be challenging to find an advisor who is truly independent and has your best interest at heart. As part of your due diligence and investment advisor selection and oversight process, it’s a good starting point to check if the advisor has a Code of Ethics—one that underscore the importance of avoiding activities, interests, and relationships that might interfere with, or give the appearance of interfering with placing the interest of clients first.

This article by NEPC further recommends other practical steps to help assess whether an advisor is truly independent and objective, including asking tough questions concerning compensation, affiliate products, and allocation policy.