Editor's note: This is a special excerpt from
Question #1: What investment training have you had?You're likely to hear your broker hem and haw over this answer. The answer you want to hear is that your broker has formal training, such as a degree in finance or accounting, or at the minimum a comprehensive training program at his firm. Most brokers are primarily salespeople, and many have not had any financial training aside from how to sell the firm's products.
The Great Debate: Brokers vs. Advisors