All news

Advisor review sites a good first stop in the decision-making process

September 13, 2009

Davis Janowski’s article, “Evaluating three find-an-adviser websites” reviews the sites EvaluateMyAdvisor.com, fabeetle.com, and financeanswers.com. While many collaborators agree that the sites are in their early stages and need further development, they are a step in the right direction for consumers looking to research personal finance professionals.

“Investors are questioning things more than ever before, so it is natural that you would see people coming up with sites like these,” said Financial Planning Association president and ACA member Richard Salmen, who is also senior vice president of GTrust Financial Partners.

“Conceptually I like the idea of these sites. I hardly buy anything that I don't go out on the web and research, but what worries me about [the sites] is that it is extremely difficult to quantify or convey the overall value of what a good adviser provides, only part of which is investing,” Mr. Salmen said.

Read the entire article.