Free SEC booklet offers answers to investors' queries

August 15, 1993|By Knight-Ridder News Service

What would happen if your brokerage firm went bust?

That's just one of the questions answered in a free, 39-page booklet from the Securities and Exchange Commission.

The booklet, called "What Every Investor Should Know," outlines the various functions of the SEC. It also defines some of the most common -- and not so common -- investments.

To order a copy, write to SEC, Publications Unit, 450 Fifth St. N.W., Washington, D.C. 20549.

...

* Like all professionals, financial planners come with a variety of strengths and weaknesses. That's why choosing one can be difficult.

While some planners get commissions based on investment products they sell, others accept no commissions and are paid by the client. There are trade-offs with each.

Planners who sell investments have an obvious conflict of interest, since their pay is based, in part, on the products you buy. But planners who accept no commissions generally charge more for their services.

To learn more, consumers can get a free booklet from the National Association of Personal Financial Advisors (1 [800] 366-2732), which represents fee-only planners. Ask for the "Financial Planners Interview Guide."

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