Interview Questions for Money Managers

In light of the Madoff case, I am often asked what types of questions a person should ask his or her money manger to ensure that person is working for the client. So, here they are:

Your First Meeting with a Money Manager

Here are the questions you will want to answer as you go about selecting and working with a money manager. Who is your custodian? Prior to Madoff, this might have been the last question asked, now it comes first. Registered investment advisors must place client assets with a qualified custodian, usually a bank or brokerage firm.
Advisors can use an independent custodianâ
By Chuck Jaffe
Chuck Jaffe is a senior columnist and host of two weekly podcasts at MarkWatch. He has also been a guest speaker on several television and radio shows.

Copyrighted 2020. Content published with author's permission.

Posted in ...