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How Valuable is a Financial Adviser?


For the past few weeks, BusinessWeek has been asking readers to talk to us about financial advisers. So far, we have heard from plenty of “do-it-yourselfers” on why they don’t use an adviser. Thanks to those of you for your comments!

But the folks who actually work with an adviser have been pretty silent thus far, except for a few very disgruntled people who have had terrible experiences.

To clarify: The reason we are asking for your input is because we are putting together a special report on financial advisers. And we hope to share your stories in a slideshow format (with actual photos of you and/or your family!) included in the lineup. This is your opportunity to speak out and be heard.

So, to get the juices flowing, some of the things we still want to know:

Did your adviser do a good job of preserving your wealth in 2008?

Did you switch advisers recently? If so, why, and how did you manage the break up?

Did you do any sleuthing before you forked over your money to your current adviser? If so, how did you size up an adviser’s education, experience, and credentials?

How often do you actually talk to your adviser? Do you communicate by email or by phone? Twitter? Facebook?

Has your adviser made any surprising or unusual recommendations recently?

What’s the best piece of advice your financial adviser has ever given you?

Is there anything else you want to say about your adviser, or advisers in general? Tell us what you think.


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