Ethics and Finance Meet Up

Yesterday I had the pleasure of having a conversation with a man who is a leader in campaigning for ethics and awareness in the financial services industry.

Jack Waymire is the author of Who's Watching Your Money: The 17 Paladin Principles for Selecting a Financial Advisor. Jack has developed a set of criteria to use to screen financial advisors. If the regulatory agencies had applied Jack’s methodology to Bernie Madoff, for example, all kinds of red flags would have been raised.

Worth Magazine is now using Jack’s system to pre-screen advisors and firms that it puts on its “Best Of” lists. In this way they can reduce their liability and potential of recommending a fraudulent person or firm.

You can use Jack’s system to be matched with an advisor by going to Paladin Registry or you can do your own independent search by going to Paladin Directory. It’s free. It’s worth your time.

Don’t choose advisors, whether it be an attorney, CPA or accountant without at least checking their credentials first.

You can also visit another of Jack’s website at Investor Watchdog where you can report financial absuse and find a plethora of material discussing inappropriate sales tactics and practices that you will want to be aware of.