Many money scams are born from misplaced trust and greed — and it’s important you take the necessary precautions to safeguard your investment funds. Here are common examples of investment scams to watch out for.
Kirk Chisholm, wealth manager at Innovative Advisory Group, said, “Many times fraudsters will relocate from time to time when they have outstayed their welcome in other areas. In this age of information, it is much easier to research people and their background. Sometimes taking five to 10 minutes to check references or prior work associates can uncover more than you expected.”
BrokerCheck, BrightScope’s Advisor Pages and the CFP Board site are among the ways you can do a background check on a perspective financial advisor.
READ MORE: https://www.gobankingrates.com/investing/spot-investment-scam/
