MonitorMyAdvisor.com Protects Seniors and Loved Ones from Unethical Financial Advisors
ATHENS, Ga., March 18, 2015 /PRNewswire/ -- MonitorMyAdvisor.com (MMA) is a new online service designed to affordably monitor financial advisor regulatory disclosure information and alert investors to potential problems before they become larger issues.
One of the most important things to do before hiring a financial advisor is to find out whether they've been involved in securities related arbitration, significant customer complaints or have disclosed material financial issues.
In addition, many experts recommend investors frequently monitor a financial advisor's ongoing disclosure record to make sure nothing's changed. Unfortunately, most investors don't have the time or know-how to keep up with this important task.
MonitorMyAdvisor.com makes it easy and inexpensive.
Guiding principle:
Investors need to know as much as possible about the individuals and companies entrusted to manage their precious investment dollars.
What we do:
MonitorMyAdvisor.com acts as an early warning system. It helps alert investors to advisor issues before it's too late to take action. The sooner investors can identify issues, the sooner they can take steps to protect their financial interests.
We monitor disclosure information from the Securities & Exchange Commission, FINRA and State regulators and notify our subscriber when there's been a disclosure event involving their financial advisor. It's well known that issues like customer complaints, sanctions from regulators, arbitration hearings, tax liens, judgements and bankruptcies are often the first signs of trouble that can eventually lead to large financial losses. Our service helps investors be aware of issues as they take place (via email alerts), so they can make informed decisions about whether to hire or continue working with an advisor.
We also give financial advisors a "risk assessment" rating based on their regulatory history and "red flag" negative practices.
Protecting Senior Relatives
One of the most unique and useful features of MMA is the ability to monitor a senior loved one's financial advisor anonymously.
As we get older it's harder to look out for our own interests. Because of this, seniors are often very vulnerable to fraud and the unethical conduct of financial advisors. Yet, children and other relatives don't want to intrude on the privacy of their parents or aunts and uncles, or otherwise appear to be meddling in their private matters.
MonitorMyAdvisor.com allows a subscriber to monitor a relative's financial advisor behind the scenes. The advisor will be unaware of our monitoring and the loved one won't know they're being looked after. Information is gathered from publicly available sources and no authorizations are required.
In addition to an initial report, MMA provides monthly updates. MMA scans daily releases on advisor activity so the subscriber can receive alerts to changes in the advisor's status. If an issue is discovered, assistance can be offered!
For seniors, we believe in what a famous senior, Ronald Reagan stated, "Trust but verify."
Pricing starts at $9.99 per month.
For more information and interviews, contact Dave Dickinson at (850)-227-1928 or visit www.MonitorMyAdvisor.com.
SOURCE MonitorMyAdvisor.com
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